{"id":8011,"date":"2012-02-16T02:05:59","date_gmt":"2012-02-16T00:05:59","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africa-rand-bonds-hold-steady-as-market-eyes-budget\/"},"modified":"2012-02-16T02:05:59","modified_gmt":"2012-02-16T00:05:59","slug":"s-africa-rand-bonds-hold-steady-as-market-eyes-budget","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-bonds-hold-steady-as-market-eyes-budget\/","title":{"rendered":"S.Africa rand, bonds hold steady as market eyes budget"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand briefly firmer after strong retail sales data<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds flat, market awaits govt budget outline<\/p>\n<p><span><\/span><\/p>\n<p>* Retail sales suggests c.bank may not need to loosen policy<br \/>\nmore<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 15 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\ngave up a brief early rise on positive retail sales data while<br \/>\ngovernment bonds held steady on Wednesday, as caution set in<br \/>\nahead of next week&#8217;s annual budget statement.<\/p>\n<p><span><\/span><\/p>\n<p>The rand briefly rallied on data showing growth in South<br \/>\nAfrican retail sales jumped to 8.7 percent year-on-year in<br \/>\nDecember, suggesting demand is picking up and the central bank<br \/>\nmay not need to loosen monetary policy further.<\/p>\n<p><span><\/span><\/p>\n<p>The rand touched a session high of 7.67 to the<br \/>\ndollar before retreating to 7.7210 by 1550 GMT, little changed<br \/>\nfrom Tuesday&#8217;s close at 7.7225.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Today&#8217;s retail sales data is positive for the local<br \/>\ncurrency from a GDP differential perspective,&#8221; Standard Bank<br \/>\nanalyst Thabi Leoka said.<\/p>\n<p><span><\/span><\/p>\n<p>The rand has benefited from portfolio flows from offshore<br \/>\ninvestors attracted by South Africa&#8217;s higher yields relative to<br \/>\nnear-zero rates prevailing in most developed countries.<\/p>\n<p><span><\/span><\/p>\n<p>The currency however remains vulnerable to swings in global<br \/>\nrisk appetite as market players await a resolution to the debt<br \/>\ncrisis in the euro zone, Standard Bank&#8217;s Leoka added.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand briefly firmer after strong retail sales data * Bonds flat, market awaits govt budget outline * Retail sales suggests c.bank may not need to loosen policy more JOHANNESBURG, Feb 15 (Reuters) &#8211; South Africa&#8217;s rand gave up a brief early rise on positive retail sales data while government bonds held steady on Wednesday, [&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-8011","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\/8011","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=8011"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8011\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}