{"id":7729,"date":"2012-02-08T01:46:39","date_gmt":"2012-02-07T23:46:39","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-softer-vs-dollar-bonds-mixed-2\/"},"modified":"2012-02-08T01:46:39","modified_gmt":"2012-02-07T23:46:39","slug":"s-africas-rand-softer-vs-dollar-bonds-mixed-2","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-softer-vs-dollar-bonds-mixed-2\/","title":{"rendered":"S.Africa&#8217;s rand softer vs dollar, bonds mixed"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand softer, off session lows<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds mixed, short-end of curve selling<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 7 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nsoftened against the dollar on Tuesday but was off session lows<br \/>\nafter data showed the labour market improving slightly after<br \/>\nmassive job losses brought on by the financial crisis.<\/p>\n<p><span><\/span><\/p>\n<p>News that Greece was drafting an agreement on a bailout deal<br \/>\nthat would be put before political leaders for approval later in<br \/>\nthe day also helped limit the rand&#8217;s losses.<\/p>\n<p><span><\/span><\/p>\n<p>The rand hit a session low of 7.6003 to the dollar,<br \/>\nwhich attracted exporter selling of dollars, helping the South<br \/>\nAfrican unit pick up off its lows.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 7.57 to the dollar at 1545 GMT, 0.4<br \/>\npercent softer than Monday&#8217;s New York close of 7.5420.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand has remained between 7.50 and 7.65 as markets<br \/>\nawait the debt restructuring outcome for Greece,&#8221; said Brigid<br \/>\nTaylor, head of institutional sales at Nedbank.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Gold is marginally weaker and equities are selling off,<br \/>\nsuggesting that the current range remains intact with potential<br \/>\nfor the rand to weaken initially from these levels,&#8221; she added.<\/p>\n<p><span><\/span><\/p>\n<p>The rand is consolidating after hitting fresh 5-month highs<br \/>\nat 7.52, and there is scope for moves towards 7.4650 in coming<br \/>\nsessions, said IFR, a Thomson Reuters market analysis service.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand softer, off session lows * Bonds mixed, short-end of curve selling JOHANNESBURG Feb 7 (Reuters) &#8211; South Africa&#8217;s rand softened against the dollar on Tuesday but was off session lows after data showed the labour market improving slightly after massive job losses brought on by the financial crisis. News that Greece was drafting [&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-7729","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\/7729","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=7729"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7729\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}