{"id":7122,"date":"2012-01-17T20:50:03","date_gmt":"2012-01-17T18:50:03","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/update-1-s-africa-rand-hits-one-month-high-breaks-8-0dlr\/"},"modified":"2012-01-17T20:50:03","modified_gmt":"2012-01-17T18:50:03","slug":"update-1-s-africa-rand-hits-one-month-high-breaks-8-0dlr","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africa-rand-hits-one-month-high-breaks-8-0dlr\/","title":{"rendered":"UPDATE 1-S.Africa rand hits one-month high, breaks 8.0\/dlr"},"content":{"rendered":"

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

* Rand looks to 7.90\/dollar<\/span><\/p>\n

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

* All-share stocks index hit record high<\/p>\n

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

* Debt auction strong, but yields up after Fitch move<\/p>\n

(Adds details, background)<\/p>\n

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

JOHANNESBURG, Jan 17 (Reuters) – South Africa’s rand
\nextended gains against the dollar on Tuesday to hit its
\nstrongest level in a month as investors returned to risky assets
\nafter higher-than-expected economic growth data in China.<\/p>\n

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

The rand firmed as much as 1.3 percent against the
\ndollar to hit a one-month high of 7.9928.<\/p>\n

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

The rand has been struggling to break below 8.00 since
\nhitting a 2-1\/2 year low of 8.61 in November. Its attempt last
\nweek was halted by Fitch’s surprise move on Friday to downgrade
\nSouth Africa’s outlook, but the currency has since recovered.<\/p>\n

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

Demand at a weekly debt auction was firm but yields tracked
\nhigher with dealers saying Fitch’s move to downgrade South
\nAfrica’s ratings outlook on Friday had some impact on bonds.<\/p>\n

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

Trading was cautious on Monday after Standard and Poor’s
\ndowngraded credit ratings on nine European countries over the
\nweekend but the mood changed after China announced
\nbetter-than-expected economic growth in the last quarter of
\n2011.<\/p>\n

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

“The market has taken the downgrades in Europe well and
\ngeneral sentiment toward risk is much better. Gold is trading
\nback up at $1,660 an ounce and equities are in the green across
\nthe board,” said Brigid Taylor, head of institutional sales at
\nNedbank.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Rand looks to 7.90\/dollar * All-share stocks index hit record high * Debt auction strong, but yields up after Fitch move (Adds details, background) JOHANNESBURG, Jan 17 (Reuters) – South Africa’s rand extended gains against the dollar on Tuesday to hit its strongest level in a month as investors returned to risky assets after […]<\/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-7122","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\/7122","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=7122"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7122\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}