{"id":8049,"date":"2012-02-17T02:07:42","date_gmt":"2012-02-17T00:07:42","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-trims-losses-but-still-vulnerable\/"},"modified":"2012-02-17T02:07:42","modified_gmt":"2012-02-17T00:07:42","slug":"s-africas-rand-trims-losses-but-still-vulnerable","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-trims-losses-but-still-vulnerable\/","title":{"rendered":"S.Africa&#8217;s rand trims losses but still vulnerable"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand might test 7.90 in few days<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds under pressure, focus on budget<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 16 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened against the dollar on Thursday but was off two-and-half<br \/>\nweek lows hit earlier after higher than expected U.S. data<br \/>\nboosted risk appetite.<\/p>\n<p><span><\/span><\/p>\n<p>South African government bonds also weakened in line with<br \/>\nthe rand and are expected to stay under pressure before the<br \/>\nNational Treasury&#8217;s Budget next Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>The rand remains vulnerable with the Greek debt crisis still<br \/>\nunresolved and the market will have to wait for Monday to hear<br \/>\nwhether Athens will secure a bailout package to avert a<br \/>\ndisorderly debt default.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell as much as 1.5 percent on the day to<br \/>\nhit 7.88 to the dollar, its weakest since Jan 30. By 1553 GMT,<br \/>\nit had come back to 7.8045, 0.55 percent weaker than Wednesday&#8217;s<br \/>\nNew York close of 7.7620.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There was positive data released out of the United States<br \/>\nand that added positive sentiment to the market,&#8221; said a dealer<br \/>\nat Standard Bank, adding this positive sentiment might not last<br \/>\nand the rand might test the 7.90 over the next few days.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The 7.75 level should be adequate support for dollar\/rand<br \/>\nin the meantime and that&#8217;s where I&#8217;m sticking my stops.&#8221; the<br \/>\ndealer added.<\/p>\n<p><span><\/span><\/p>\n<p>New U.S. jobless claims fell to a near four-year low last<br \/>\nweek, and U.S. housing starts also beat expectations in January.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand might test 7.90 in few days * Bonds under pressure, focus on budget JOHANNESBURG Feb 16 (Reuters) &#8211; South Africa&#8217;s rand weakened against the dollar on Thursday but was off two-and-half week lows hit earlier after higher than expected U.S. data boosted risk appetite. South African government bonds also weakened in line with [&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-8049","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\/8049","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=8049"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8049\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}