{"id":7295,"date":"2012-01-23T09:00:22","date_gmt":"2012-01-23T07:00:22","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africas-rand-softer-seen-under-pressure\/"},"modified":"2012-01-23T09:00:22","modified_gmt":"2012-01-23T07:00:22","slug":"s-africas-rand-softer-seen-under-pressure","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-softer-seen-under-pressure\/","title":{"rendered":"S.Africa&#8217;s rand softer, seen under pressure"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Eurozone worries halt rand gains<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds steady, stock futures down<\/p>\n<p><span><\/span><\/p>\n<p>* Malema appeal hearing starts<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 23 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nsoftened against the dollar on Monday and could weaken further<br \/>\nas failure by Athens and its creditors to clinch a debt swap<br \/>\ndeal re-ignited worries of a chaotic Greek default.<\/p>\n<p><span><\/span><\/p>\n<p>South African government bonds were largely steady and would<br \/>\nlikely take direction from the rand, with the short end of the<br \/>\ncurve seen under more under pressure on increasing concerns<br \/>\nabout domestic inflation.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 7.9671 against the dollar<br \/>\nat 0635 GMT, 0.3 percent softer than Friday&#8217;s New York close of<br \/>\n7.9450.<\/p>\n<p><span><\/span><\/p>\n<p>The rand gained about two percent against the dollar last<br \/>\nweek, piercing its 100-day moving average at 7.9320 to hit a<br \/>\n2-month high of 7.8976.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand has stopped strengthening after Greek authorities<br \/>\nand the holders of Greek debt failed to reach consensus about<br \/>\nhow best to restructure the terms of their existing Greek bond<br \/>\nexposure,&#8221; said Absa Capital in a note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;With risk aversion creeping back into the market on the<br \/>\naforementioned EU debt concerns &#8230; it is poised to give back<br \/>\nsome of last week&#8217;s gains.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Eurozone worries halt rand gains * Bonds steady, stock futures down * Malema appeal hearing starts JOHANNESBURG, Jan 23 (Reuters) &#8211; South Africa&#8217;s rand softened against the dollar on Monday and could weaken further as failure by Athens and its creditors to clinch a debt swap deal re-ignited worries of a chaotic Greek default. [&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-7295","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\/7295","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=7295"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7295\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}