{"id":7999,"date":"2012-02-15T14:06:18","date_gmt":"2012-02-15T12:06:18","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-bonds-firmer-after-china-comments\/"},"modified":"2012-02-15T14:06:18","modified_gmt":"2012-02-15T12:06:18","slug":"s-africas-rand-bonds-firmer-after-china-comments","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-bonds-firmer-after-china-comments\/","title":{"rendered":"S.Africa&#8217;s rand, bonds firmer after China comments"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand could test 7.62 to dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds gain, retail sales out at 1100 GMT<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 15 (Reuters) &#8211; South African<br \/>\ngovernment bonds and the rand firmed on Wednesday after China&#8217;s<br \/>\ncentral bank said it would continue buying euro zone debt,<br \/>\nencouraging investors to take on risky emerging market assets.<\/p>\n<p><span><\/span><\/p>\n<p>The rand, which is highly sensitive to euro zone<br \/>\nsentiment, was at 7.6850 to the dollar in early trade, 0.49<br \/>\npercent firmer than Tuesday&#8217;s New York close of 7.7225. It may<br \/>\ntest the lower 7.60&#8217;s during the session, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand gained support from a stronger euro overnight and<br \/>\nstronger equity markets,&#8221; said David Gracey, a trader at<br \/>\nInvestec Securities.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Basically that support came from comments by China that<br \/>\nthey stand ready to support Europe, so there is a little bit of<br \/>\nrisk-on. We see a range of 7.62-7.75,&#8221; he added.<\/p>\n<p><span><\/span><\/p>\n<p>China will continue to invest in euro zone government debt,<br \/>\nits central bank governor said, calling on Europeans to produce<br \/>\nmore attractive investment products.<\/p>\n<p><span><\/span><\/p>\n<p>Tradition Analytics said the rand was resilient, despite<br \/>\nsome weakness over the last week.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The fact that it has failed to crack above levels of 7.7800<br \/>\nyet again suggests that the notion of a weaker rand is not<br \/>\ngaining traction with all in the market.<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 test 7.62 to dollar * Bonds gain, retail sales out at 1100 GMT JOHANNESBURG Feb 15 (Reuters) &#8211; South African government bonds and the rand firmed on Wednesday after China&#8217;s central bank said it would continue buying euro zone debt, encouraging investors to take on risky emerging market assets. The rand, which [&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-7999","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\/7999","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=7999"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7999\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}