{"id":6350,"date":"2011-12-22T12:40:29","date_gmt":"2011-12-22T10:40:29","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-africas-rand-flat-bonds-mixed-in-thin-trade\/"},"modified":"2011-12-22T12:40:29","modified_gmt":"2011-12-22T10:40:29","slug":"s-africas-rand-flat-bonds-mixed-in-thin-trade","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-flat-bonds-mixed-in-thin-trade\/","title":{"rendered":"S.Africa’s rand flat, bonds mixed in thin trade"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Rand seen caught in 8.10-8.30 range to year-end<\/span><\/p>\n

<\/span><\/p>\n

* No domestic drivers for currency, tracks global moves<\/p>\n

<\/span><\/p>\n

JOHANNESBURG<\/span> Dec 22 (Reuters) – South Africa’s rand
\nwas largely flat against the dollar in thin trading on Thursday
\nand should stay trapped in current ranges until the year-end
\nafter a sharp rally earlier in the week ran out of steam on
\npersistent concerns about Europe’s debt woes.<\/p>\n

<\/span><\/p>\n

At 0707 GMT, the rand traded at 8.2350 against the
\ngreenback, little changed from the previous close of 8.2421.<\/p>\n

<\/span><\/p>\n

It was more than two percent off Wednesday’s high of
\n8.07\/dollar, which failed to hold as the rand took its cue from
\na retreating euro, the currency of South Africa’s main trading
\npartner the European Union.<\/p>\n

<\/span><\/p>\n

“We’re going to keep on seeing these sort of movements
\nlinked to the euro because liquidity is thinning out with people
\ngoing on holiday. There’s very little position-taking; flows are
\ndriving this thing,” Bidvest Bank chief dealer Ion de
\nVleeschauwer said.<\/p>\n

<\/span><\/p>\n

“There’s a bit of exporter flow helping the currency a bit
\nstronger at the moment but any sort of warble globally like we
\nsaw yesterday is going to affect the rand … We’ll probably
\nhang around the wide 8.10 – 8.30 range till the New Year.”<\/p>\n

<\/span><\/p>\n

Government bonds were mixed, with the yield on the
\nshort-dated paper edging up three basis points to 6.82
\npercent while that for the 15-year bond was flat at 8.555
\npercent.<\/p>\n

<\/span><\/p>\n

Trading volumes have also been thin on the debt market as
\nthe year heads to a close, with the Johannesburg bond exchange
\nfinishing earlier-than-usual at midday this week.\t<\/p>\n

(Reporting by Stella Mapenzauswa; Editing by Pascal Fletcher)<\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2011 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand seen caught in 8.10-8.30 range to year-end * No domestic drivers for currency, tracks global moves JOHANNESBURG Dec 22 (Reuters) – South Africa’s rand was largely flat against the dollar in thin trading on Thursday and should stay trapped in current ranges until the year-end after a sharp rally earlier in the week […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6350","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6350"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6350\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}