{"id":7587,"date":"2012-02-02T13:38:27","date_gmt":"2012-02-02T11:38:27","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-at-near-5-month-high-bonds-strong\/"},"modified":"2012-02-02T13:38:27","modified_gmt":"2012-02-02T11:38:27","slug":"s-africas-rand-at-near-5-month-high-bonds-strong","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-at-near-5-month-high-bonds-strong\/","title":{"rendered":"S.Africa&#8217;s rand at near 5-month high; bonds strong"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand could go below 7.60<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds firm, stock futures up<\/p>\n<p><span><\/span><\/p>\n<p>* ANC study rejects nationalisation<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 2 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nsteadied against the dollar on Thursday after hitting near<br \/>\nfive-month highs earlier, with dealers seeing it maintaining its<br \/>\nfirmer tone.<\/p>\n<p><span><\/span><\/p>\n<p>Investors were encouraged to buy risky assets on Wednesday<br \/>\nafter strong manufacturing data from China, Europe and the<br \/>\nUnited States, which suggested an improvement in global growth<br \/>\nprospects.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds mirrored the rand&#8217;s strength, with yields<br \/>\ncoming down across the curve on the favourable inflation outlook<br \/>\nassociated with a strong currency.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 7.67 against the dollar, a<br \/>\ntouch softer than Wednesday&#8217;s New York close of 7.6555, which<br \/>\nwas its firmest since mid-September.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand&#8217;s strengthening streak is likely to continue<br \/>\ntoday. Therefore, we expect extended selling interest,&#8221; Standard<br \/>\nBank said in a note.<\/p>\n<p><span><\/span><\/p>\n<p>The rand has recovered from 2-1\/2 year lows hit in November<br \/>\nbut even with this week&#8217;s gains, there could still be some<br \/>\nvulnerability.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand could go below 7.60 * Bonds firm, stock futures up * ANC study rejects nationalisation JOHANNESBURG, Feb 2 (Reuters) &#8211; South Africa&#8217;s rand steadied against the dollar on Thursday after hitting near five-month highs earlier, with dealers seeing it maintaining its firmer tone. Investors were encouraged to buy risky assets on Wednesday after [&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-7587","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\/7587","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=7587"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}