{"id":7923,"date":"2012-02-13T14:02:24","date_gmt":"2012-02-13T12:02:24","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-rebounds-seen-firmer-vs-dollar\/"},"modified":"2012-02-13T14:02:24","modified_gmt":"2012-02-13T12:02:24","slug":"s-africas-rand-rebounds-seen-firmer-vs-dollar","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-rebounds-seen-firmer-vs-dollar\/","title":{"rendered":"S.Africa&#8217;s rand rebounds, seen firmer vs dollar"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand firms vs dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds rebound, stock futures down<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 13 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nfirmed against the dollar on Monday, with further gains seen as<br \/>\ncalm returned to the market after nervous selling on Friday<br \/>\ncaused in part by a cryptic announcement from the central bank<br \/>\nthat spooked traders.<\/p>\n<p><span><\/span><\/p>\n<p>Friday&#8217;s statement said President Jacob Zuma would announce<br \/>\nsomething of &#8220;national importance&#8221; with Reserve Bank Governor<br \/>\nGill Marcus and Finance Minister Pravin Gordhan on Saturday,<br \/>\nsparking fears of major policy or personnel changes.<\/p>\n<p><span><\/span><\/p>\n<p>However, the revelation turned out to be a new set of bank<br \/>\nnotes bearing the image of Nelson Mandela, South Africa&#8217;s first<br \/>\nblack president and leader of the anti-apartheid movement.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There was uncertainty on what they would announce over the<br \/>\nweekend but it turned out to be something not market-moving, and<br \/>\nthe rand has reversed all the losses made on Friday,&#8221; said Lee<br \/>\nNaisbitt, dealer at Rand Merchant Bank.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Today we are going to resume the downtrend. The rand should<br \/>\nstart off with 7.62-72 for the day. This opens up the downside.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 7.6650 against the dollar,<br \/>\nnearly one percent firmer than Friday&#8217;s New York close of<br \/>\n7.7395.<\/p>\n<p><span><\/span><\/p>\n<p>Local bonds also rebounded in line with the currency.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand firms vs dollar * Bonds rebound, stock futures down JOHANNESBURG Feb 13 (Reuters) &#8211; South Africa&#8217;s rand firmed against the dollar on Monday, with further gains seen as calm returned to the market after nervous selling on Friday caused in part by a cryptic announcement from the central bank that spooked traders. Friday&#8217;s [&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-7923","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\/7923","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=7923"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7923\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}