{"id":7721,"date":"2012-02-07T13:47:06","date_gmt":"2012-02-07T11:47:06","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-softens-bonds-flat\/"},"modified":"2012-02-07T13:47:06","modified_gmt":"2012-02-07T11:47:06","slug":"s-africas-rand-softens-bonds-flat","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-softens-bonds-flat\/","title":{"rendered":"S.Africa’s rand softens, bonds flat"},"content":{"rendered":"

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

JOHANNESBURG<\/span> Feb 7 (Reuters) – South Africa’s rand
\nwas softer against the dollar on Tuesday as concerns over
\nGreece’s debt problems put a dampener on global risk appetite
\nand caused emerging market currencies to reverse some of the
\ngains they posted in January.<\/span><\/p>\n

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

The rand was little moved by data showing the Reserve Bank
\nused a weaker dollar in January to boost its foreign exchange
\nreserves although analysts said this should be positive for the
\ncurrency in the long term.<\/p>\n

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

By 0723 GMT the rand was at 7.5636 against the
\ndollar, down 0.29 percent from Monday’s closing level of 7.5420.<\/p>\n

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

“I think we’re going to have a range probably of 7.56-7.66
\nfor the day to start up with but I still think we’re going to
\nsee some import demand at the lower part of that range,” RMB
\ntrader Lee Naisbitt said.<\/p>\n

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

The rand staged a strong rally in January, culminating in a
\n5-month high of 7.5220 last week. The currency has gained about
\n6 percent against the greenback since the start of the year,
\nreversing part of its 23 percent loss in 2011.<\/p>\n

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

“I think it’s going to start struggling at these levels
\nbecause we’ve done a lot these past couple of weeks,” Naisbitt
\nsaid.<\/p>\n

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

Government bonds have also been taking a breather after a
\nstrong run in January and yields have pulled back from recent
\nthree-month lows.<\/p>\n

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

On Tuesday the yield on the 2015 bond was flat at
\n6.51 percent while that for the 2026 issue edged up
\none basis point to 8.175 percent.\t<\/p>\n

(Reporting by Stella Mapenzauswa; Editing by Ed Cropley)<\/p>\n

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

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

JOHANNESBURG Feb 7 (Reuters) – South Africa’s rand was softer against the dollar on Tuesday as concerns over Greece’s debt problems put a dampener on global risk appetite and caused emerging market currencies to reverse some of the gains they posted in January. The rand was little moved by data showing the Reserve Bank used […]<\/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-7721","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\/7721","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=7721"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7721\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}