{"id":6515,"date":"2011-12-30T01:04:25","date_gmt":"2011-12-29T23:04:25","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-africa-rand-firms-within-range-vs-dlr-8-10-holds\/"},"modified":"2011-12-30T01:04:25","modified_gmt":"2011-12-29T23:04:25","slug":"s-africa-rand-firms-within-range-vs-dlr-8-10-holds","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-firms-within-range-vs-dlr-8-10-holds\/","title":{"rendered":"S.Africa rand firms within range vs dlr, 8.10 holds"},"content":{"rendered":"

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

* Rand slightly firmer vs dollar, but stay within range<\/span><\/p>\n

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

* Bonds end mixed on the benchmarks<\/p>\n

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

JOHANNESBURG<\/span> Dec 29 (Reuters) – South Africa’s rand
\nfirmed against the dollar on Thursday with fewer importers
\naround to buy dollars towards year-end but decent two-way trade
\nleft 8.10 resistance intact.<\/p>\n

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

The currency traded in a 10 cent range between 8.12 and 8.22
\nper dollar in Thursday’s session. It attempted 8.10 in
\nthe previous session but failed to break through that level.<\/p>\n

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

If the rand manages to strengthen past 8.10 — a level
\nattempted in the past week and in November — 8 rand forms the
\nnext area of resistance.<\/p>\n

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

The currency is likely to end on the weaker side of 8 this
\nyear but with a firmer bias as importers stay out of the market
\nat the end of the year.<\/p>\n

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

“I would also say that traders are happy where the rand is
\nat the moment. The big risk sell-off that saw USD\/ZAR hit 8.6100
\nmay have been seen as a bit extreme, so players are just sitting
\nand waiting to see what happens,” said Christopher Shiells, an
\nemerging markets analyst at Informa Global Markets.<\/p>\n

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

“(However) they have not turned bullish on the rand and want
\nto be able to get back on the dollar if risk comes off again
\nsharply in 2012, whilst at the same time, long term most people
\nthink the rand is due a rally, perhaps later in 2012.”<\/p>\n

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

The dollar has gained about 23 percent on the rand this year
\nand while Europe’s debt problems are unresolved, the local unit
\nis likely to remain under selling pressure early in the new
\nyear.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand slightly firmer vs dollar, but stay within range * Bonds end mixed on the benchmarks JOHANNESBURG Dec 29 (Reuters) – South Africa’s rand firmed against the dollar on Thursday with fewer importers around to buy dollars towards year-end but decent two-way trade left 8.10 resistance intact. The currency traded in a 10 cent […]<\/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-6515","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\/6515","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=6515"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6515\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}