{"id":7345,"date":"2012-01-24T21:08:07","date_gmt":"2012-01-24T19:08:07","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africas-rand-hits-1-week-low-euro-zone-weighs\/"},"modified":"2012-01-24T21:08:07","modified_gmt":"2012-01-24T19:08:07","slug":"s-africas-rand-hits-1-week-low-euro-zone-weighs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-hits-1-week-low-euro-zone-weighs\/","title":{"rendered":"S.Africa’s rand hits 1-week low, euro zone weighs"},"content":{"rendered":"

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

* Rand pierces support at 8\/00\/dlr<\/span><\/p>\n

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

* Rand weakness trims bond market gains<\/p>\n

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

JOHANNESBURG<\/span> Jan 24 (Reuters) – South Africa’s rand
\nweakened against the dollar on Tuesday as investors turned their
\nbacks on risky assets due to uncertainty about the outcome of
\ntalks aimed at averting a chaotic Greek debt default.<\/p>\n

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

The rand fell as much as 1.1 percent in the session
\nto hit a session low of 8.0125, its weakest since last week.<\/p>\n

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

Rand weakness weighed on bonds, trimming gains that came
\nafter a strong debt auction earlier.<\/p>\n

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

The rand broke support at 8.00 and was last trading at 7.98
\nto the dollar, from Monday’s New York close of 7.9250.<\/p>\n

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

In the absence of key local news, the rand has been taking
\ndirection mainly from international developments that are
\ndominated by concerns over Greece’s failure to reach a debt
\nrestructuring deal with its creditors.<\/p>\n

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

“We’ve seen some stop losses on the rand and the market got
\na bit short. The euro and equities haven’t performed so
\neverything has been against the rand today,” said David Gracey,
\nhead of forex trading at Nedbank Capital, seeing the rand at
\n8.05 in the next few days.<\/p>\n

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

The rand weakened by 22 percent last year against the dollar
\nin 2011 as the euro zone debt crisis deepened.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Rand pierces support at 8\/00\/dlr * Rand weakness trims bond market gains JOHANNESBURG Jan 24 (Reuters) – South Africa’s rand weakened against the dollar on Tuesday as investors turned their backs on risky assets due to uncertainty about the outcome of talks aimed at averting a chaotic Greek debt default. The rand fell as […]<\/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-7345","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\/7345","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=7345"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7345\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}