{"id":8482,"date":"2012-03-01T14:48:15","date_gmt":"2012-03-01T12:48:15","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/south-africas-rand-firms-bonds-in-tight-ranges\/"},"modified":"2012-03-01T14:48:15","modified_gmt":"2012-03-01T12:48:15","slug":"south-africas-rand-firms-bonds-in-tight-ranges","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africas-rand-firms-bonds-in-tight-ranges\/","title":{"rendered":"South Africa’s rand firms, bonds in tight ranges"},"content":{"rendered":"

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

* Local PMI at 0900 GMT<\/span><\/p>\n

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

* Government bonds in narrow ranges<\/p>\n

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

JOHANNESBURG, March 1<\/span> (Reuters) – South Africa’s rand
\nfirmed against the dollar on Thursday on the back a strong
\nappetite for riskier assets and outperformed most of its peers
\ndespite a pullback from the euro.<\/p>\n

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

The rand often tracks the euro, its largest trading partner.<\/p>\n

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

With the European Central Bank’s three-year liquidity
\ninjection and the Greek bailout still playing on traders’ minds,
\nthe rand was undeterred by U.S. Federal Reserve Chairman Ben
\nBernanke who was cautious on the U.S. economy.<\/p>\n

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

On local data, Kagiso Securities will release February’s
\nPurchasing Managers’ Index (PMI)data at 0900 GMT. In January,
\nthe PMI rebounded to 53.2 its highest level since June, from
\n49.4 in December.<\/p>\n

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

At 0713 GMT, the currency was trading at 7.4951 to
\nthe dollar, up 0.23 percent from Wednesday’s New York close of
\n7.515.<\/p>\n

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

“The rand is performing very well, it’s outperforming all of
\nits peers, some month-end flows also contributed to the rand
\nstrength,” said a Johannesburg-based trader.<\/p>\n

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

“In the short term you will see some dollar buying, but
\nlevels towards 7.52-53 you will see some people coming to sell
\nthe rand again,” he added.<\/p>\n

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

On fixed income, the yield on the 2015 note rose
\n3.5 basis points to 6.64 percent while that on the 2026 issue
\n was up 4.5 basis points to 8.275 percent.<\/p>\n

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

(Reporting by Vuyani Ndaba, editing by Ed Stoddard)<\/p>\n

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

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

* Local PMI at 0900 GMT * Government bonds in narrow ranges JOHANNESBURG, March 1 (Reuters) – South Africa’s rand firmed against the dollar on Thursday on the back a strong appetite for riskier assets and outperformed most of its peers despite a pullback from the euro. The rand often tracks the euro, its largest […]<\/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-8482","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\/8482","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=8482"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8482\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}