{"id":8296,"date":"2012-02-24T14:34:30","date_gmt":"2012-02-24T12:34:30","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africas-rand-steady-bonds-halt-post-budget-slide\/"},"modified":"2012-02-24T14:34:30","modified_gmt":"2012-02-24T12:34:30","slug":"s-africas-rand-steady-bonds-halt-post-budget-slide","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-steady-bonds-halt-post-budget-slide\/","title":{"rendered":"S.Africa’s rand steady, bonds halt post-budget slide"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Dollar\/rand could breach support at 7.64<\/span><\/p>\n

<\/span><\/p>\n

* Bonds steady, inflation a concern<\/p>\n

<\/span><\/p>\n

JOHANNESBURG<\/span> Feb 24 (Reuters) – South Africa’s rand
\nsteadied against the dollar on Friday, with potential gains seen
\nin the session against a broadly weaker greenback.<\/p>\n

<\/span><\/p>\n

Government bonds also held firm after two days of sharp
\nlosses prompted by market scepticism about the government’s
\nability to meet narrower-than-expected deficit targets laid out
\nin this week’s budget.<\/p>\n

<\/span><\/p>\n

Fears of inflation as international crude prices climb above
\n$124 a barrel are also expected to keep bonds under pressure.<\/p>\n

<\/span><\/p>\n

The rand was trading at 7.6550 to the dollar at
\n0650 GMT, not far from Thursday’s New York close of 7.66.<\/p>\n

<\/span><\/p>\n

“Sentiment appears to have turned in favour of risk again
\nand, after lacking direction for most of the week, the euro
\nrallied strongly yesterday, taking the rand along with it,”
\nStandard Bank said in a note.<\/p>\n

<\/span><\/p>\n

“The rand is still firmer this morning and within sight of
\nthe 7.64 support level. With Asian markets in the black and
\ncommodity prices firming, the global backdrop is supportive of
\nfurther rand strength.”<\/p>\n

<\/span><\/p>\n

The rand has tried several times in the past two weeks to
\nbreak 7.64, a breach of which would open up this year’s high of
\n7.52.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Dollar\/rand could breach support at 7.64 * Bonds steady, inflation a concern JOHANNESBURG Feb 24 (Reuters) – South Africa’s rand steadied against the dollar on Friday, with potential gains seen in the session against a broadly weaker greenback. Government bonds also held firm after two days of sharp losses prompted by market scepticism about […]<\/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-8296","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\/8296","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=8296"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}