{"id":6745,"date":"2012-01-06T01:18:56","date_gmt":"2012-01-05T23:18:56","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-african-rand-slips-to-two-week-low-vs-dollar\/"},"modified":"2012-01-06T01:18:56","modified_gmt":"2012-01-05T23:18:56","slug":"s-african-rand-slips-to-two-week-low-vs-dollar","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-slips-to-two-week-low-vs-dollar\/","title":{"rendered":"S.African rand slips to two-week low vs dollar"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand drops 1.5 pct vs broadly stronger dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Risk remains off on European debt concerns<\/p>\n<p><span><\/span><\/p>\n<p>* Bonds end weak but previous losses look overdone<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 5 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nhit a two-week low against the dollar on Thursday, dropping<br \/>\nthrough key levels and weakening along with other emerging<br \/>\nmarket currencies as investors cut back on risky assets.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell 1.5 percent to 8.2490 against the<br \/>\ndollar in the local session, its weakest since Dec. 22. Dealers<br \/>\nsaid the currency&#8217;s weakness was somewhat exaggerated by the<br \/>\nlack of players in the market.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;A relatively quiet day although a fairly wide range (with)<br \/>\nthe rand broadly tracking risk sentiment as we saw a risk<br \/>\nselloff earlier this morning,&#8221; said Duncan Howes, a currency<br \/>\ntrader at Absa Capital.<\/p>\n<p><span><\/span><\/p>\n<p>The rand got a brief lift on better-than expected employment<br \/>\nnumbers out of the United States before concerns about Europe<br \/>\novertook the market again.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The euro remains under pressure with a stronger dollar so I<br \/>\nthink the focus will definitely be on unemployment numbers<br \/>\ntomorrow (Friday) from the United States,&#8221; Howes said.<\/p>\n<p><span><\/span><\/p>\n<p>The rand might find it hard to weaken past 8.28, its<br \/>\nprevious low, Howes said.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds were slightly weaker, with the yield on the<br \/>\n2015 bond edged up 1.5 basis points to 6.865 percent,<br \/>\nwhile the 2026 yield added 2.5 basis points to 8.66<br \/>\npercent.\t<\/p>\n<p> (Reporting by Xola Potelwa)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand drops 1.5 pct vs broadly stronger dollar * Risk remains off on European debt concerns * Bonds end weak but previous losses look overdone JOHANNESBURG, Jan 5 (Reuters) &#8211; South Africa&#8217;s rand hit a two-week low against the dollar on Thursday, dropping through key levels and weakening along with other emerging market currencies [&hellip;]<\/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-6745","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\/6745","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=6745"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6745\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}