{"id":7831,"date":"2012-02-10T01:51:42","date_gmt":"2012-02-09T23:51:42","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-weak-vs-dlr-cbank-seen-in-the-market\/"},"modified":"2012-02-10T01:51:42","modified_gmt":"2012-02-09T23:51:42","slug":"s-africas-rand-weak-vs-dlr-cbank-seen-in-the-market","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-weak-vs-dlr-cbank-seen-in-the-market\/","title":{"rendered":"S.Africa&#8217;s rand weak vs dlr, cbank seen in the market"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand weighed by central bank dollar buying<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds recoup from earlier losses after Greek deal<\/p>\n<p><span><\/span><\/p>\n<p>* 2011 manufacturing output growth at half of 2010<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 9 (Reuters) &#8211; The rand weakened 1.3<br \/>\npercent against the dollar on Thursday, nearing a week low, as<br \/>\nthe central bank was reported to be buying foreign currency in<br \/>\nthe market, before recovering some losses in late trade as<br \/>\nGreece closed in on a new bailout deal.<\/p>\n<p><span><\/span><\/p>\n<p>The rand traded firmer early in the session before the<br \/>\ncentral bank came in to buy other currencies, driving the rand<br \/>\nabove 7.60 before manufacturing data at 1100 GMT, dealers said.<\/p>\n<p><span><\/span><\/p>\n<p>Output growth slowed in December and the rand weakened<br \/>\nfurther as the data suggests GDP growth was likely lower in the<br \/>\nlast quarter of 2011. Manufacturing growth came out at 2.5<br \/>\npercent in 2011, compared to 5 percent in 2010.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.6 percent weaker at 7.60 by 1555 GMT<br \/>\ncompared to a 7.5550 close on Wednesday. It moved off the<br \/>\nsession&#8217;s low of 7.6545 after Greek political leaders agreed on<br \/>\nreforms needed to secure a new rescue package from international<br \/>\nlenders and avoid a messy default next month.<\/p>\n<p><span><\/span><\/p>\n<p>Talks between the International Monetary Fund and Greek<br \/>\nauthorities to finalize details are continuing, an IMF spokesman<br \/>\nsaid on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>The central bank&#8217;s reported buying probably kept the rand<br \/>\nfrom completely reversing losses, however, and it was the second<br \/>\nweakest, after the Kenyan shilling, in a basket of 20 emerging<br \/>\nmarket currencies trading against the dollar tracked by Reuters.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand weighed by central bank dollar buying * Bonds recoup from earlier losses after Greek deal * 2011 manufacturing output growth at half of 2010 JOHANNESBURG, Feb 9 (Reuters) &#8211; The rand weakened 1.3 percent against the dollar on Thursday, nearing a week low, as the central bank was reported to be buying foreign [&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-7831","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\/7831","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=7831"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7831\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}