{"id":7433,"date":"2012-01-27T21:13:54","date_gmt":"2012-01-27T19:13:54","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africa-rand-consolidates-after-gains-bonds-firmer\/"},"modified":"2012-01-27T21:13:54","modified_gmt":"2012-01-27T19:13:54","slug":"s-africa-rand-consolidates-after-gains-bonds-firmer","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-consolidates-after-gains-bonds-firmer\/","title":{"rendered":"S.Africa rand consolidates after gains, bonds firmer"},"content":{"rendered":"

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

* Lingering caution to cap further rand gains<\/span><\/p>\n

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

* Foreign demand boosts government bonds<\/p>\n

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

JOHANNESBURG<\/span> Jan 27 (Reuters) – South Africa’s rand
\nbriefly touched new three-month highs versus the dollar on
\nFriday, but may have limited scope for further gains as nagging
\nfears about euro zone debt temper this week’s wave of improved
\nrisk appetite for high-yield assets.<\/p>\n

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

Government bonds tracked the rand, with foreigners buying
\nlocal debt, which offers higher yields than U.S. Treasuries.<\/p>\n

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

By 1557 23 GMT the rand was at 7.7847 to the
\ndollar, up 0.5 percent from Thursday’s close. It touched a
\nsession high of 7.7490 earlier, its strongest level against the
\ngreenback since Oct. 31 last year.<\/p>\n

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

But Friday’s gains were muted compared to the previous day,
\nwhen the rand jumped about 1.5 percent in a global rally spurred
\nby prospects of interest rates in the world’s biggest economy
\nstaying near zero for some time.<\/p>\n

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

This also supported local bonds, with the yield on the
\nhighly liquid three year bond dipping 2.5 basis points
\nto 6.45 percent on Friday, while that for the longer-dated 2026
\nissue fell 8.5 basis points to 8.145 percent.<\/p>\n

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

“A combination of a stronger rand and a lower interest rate
\noutlook in the United States have supported the local markets,”
\nETM analyst Luke Barnett said.<\/p>\n

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

“There’s definitely an improvement in market sentiment but
\nstill a lot of caution. The rand will probably open at similar
\nlevels on Monday.”
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Lingering caution to cap further rand gains * Foreign demand boosts government bonds JOHANNESBURG Jan 27 (Reuters) – South Africa’s rand briefly touched new three-month highs versus the dollar on Friday, but may have limited scope for further gains as nagging fears about euro zone debt temper this week’s wave of improved risk appetite […]<\/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-7433","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\/7433","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=7433"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7433\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}