{"id":7551,"date":"2012-01-31T21:24:20","date_gmt":"2012-01-31T19:24:20","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/rand-firms-on-higher-risk-appetite-bonds-flat\/"},"modified":"2012-01-31T21:24:20","modified_gmt":"2012-01-31T19:24:20","slug":"rand-firms-on-higher-risk-appetite-bonds-flat","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-firms-on-higher-risk-appetite-bonds-flat\/","title":{"rendered":"Rand firms on higher risk appetite, bonds flat"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Trade data points to reduced import pressure on rand<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Foreign demand props up government bonds<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Jan 31 (Reuters) &#8211; The South African<br \/>\nrand traded slightly firmer against the dollar on Tuesday,<br \/>\ndrawing strength from hopes of a successful conclusion to debt<br \/>\nswap negotiations in Greece which boosted risk appetite in<br \/>\nemerging markets.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds were little changed on the JSE exchange<br \/>\nfollowing signs of increased demand from foreigners seeking<br \/>\nhigher yields as interest rates in developed countries remain<br \/>\ndepressed.<\/p>\n<p><span><\/span><\/p>\n<p>The rand showed little reaction to data showing a trade<br \/>\nsurplus of 4.7 billion rand ($597.77 million) in December<br \/>\ncompared with an 8.0 billion deficit in November, as analysts<br \/>\nsaid the swing bodes well for the currency.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The data is positive from a GDP differential perspective as<br \/>\nit implies lower imports and relatively robust exports,&#8221;<br \/>\nStandard Bank strategist Nomvuyo Guma said.<\/p>\n<p><span><\/span><\/p>\n<p>By 1530 GMT the rand was at 7.7956 against the<br \/>\ngreenback, off a session high of 7.7557 and up 0.46 percent from<br \/>\nMonday&#8217;s New York close of 7.8320.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand continues to oscillate within a broader range,<br \/>\nvery much in line with broader risk sentiment. Today we continue<br \/>\nto track the positive tone in the external emerging market and<br \/>\nrisk environment, probably driven by the euro going above the<br \/>\n1.32 level,&#8221; Absa Capital trader Duncan Howes said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;re staying more constructive on the (rand) within the<br \/>\nrange. We think risk will continue to be driven by events and<br \/>\nnews out of Europe and also end of the week we look at U.S.<br \/>\nnon-farm payrolls (for direction).&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Trade data points to reduced import pressure on rand * Foreign demand props up government bonds JOHANNESBURG Jan 31 (Reuters) &#8211; The South African rand traded slightly firmer against the dollar on Tuesday, drawing strength from hopes of a successful conclusion to debt swap negotiations in Greece which boosted risk appetite in emerging markets. [&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-7551","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\/7551","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=7551"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7551\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}