{"id":8523,"date":"2012-03-03T02:48:58","date_gmt":"2012-03-03T00:48:58","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africa-rand-falls-vs-dlr-should-strengthen-next-week\/"},"modified":"2012-03-03T02:48:58","modified_gmt":"2012-03-03T00:48:58","slug":"s-africa-rand-falls-vs-dlr-should-strengthen-next-week","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-falls-vs-dlr-should-strengthen-next-week\/","title":{"rendered":"S.Africa rand falls vs dlr, should strengthen next week"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand weakens against dollar but should firm next week<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds end slighty weaker on lower currency<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 2<\/span> (Reuters) &#8211; The rand fell over<br \/>\none percent against the dollar on Friday, pulling further back<br \/>\nfrom 2012 highs hit earlier in the week as the dollar gained<br \/>\nagainst a basket of emerging market currencies.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts however expected the local unit back on a firmer<br \/>\ntrend in the near term as carry trades support risky assets,<br \/>\nsaying the rand was merely responding to intra-day risk averse<br \/>\nsentiment in Friday&#8217;s session.<\/p>\n<p><span><\/span><\/p>\n<p>Investors are expected to use cheap money provided by the<br \/>\nEuropean Central Bank earlier this week to buy into riskier,<br \/>\nhigher yielding assets like the rand.<\/p>\n<p><span><\/span><\/p>\n<p>The local unit was down 1.3 percent to 7.54 against<br \/>\nthe dollar in Friday&#8217;s session, pulling back further from the<br \/>\n2012 high of 7.4020 hit on Wednesday and dropping along with<br \/>\nmost emerging market currencies traded against the dollar and<br \/>\nwatched by Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>It closed at 7.44 in New York on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand has taken a while to come back from a sell-off<br \/>\nyesterday afternoon. It reacts quickly to risk-sentiment, but a<br \/>\nweek and two weeks from now we expect it to firm on the ECB<br \/>\nliquidity injection,&#8221; a currency analyst said.<\/p>\n<p><span><\/span><\/p>\n<p>The rand hit its 2012 high on Wednesday when risky assets<br \/>\nwere boosted by reports of a three-year liquidity injection from<br \/>\nthe European Central bank and dealers see those gains continuing<br \/>\nnext week.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds closed slightly higher. Yields on the<br \/>\nbenchmarks were down one basis point to 6.67 percent on the 2015<br \/>\nissue and 8.295 percent on the 2026 bond.  \t<\/p>\n<p> (Reporting by Xola Potelwa; editing by Ron Askew)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand weakens against dollar but should firm next week * Bonds end slighty weaker on lower currency JOHANNESBURG, March 2 (Reuters) &#8211; The rand fell over one percent against the dollar on Friday, pulling further back from 2012 highs hit earlier in the week as the dollar gained against a basket of emerging market [&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-8523","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\/8523","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=8523"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8523\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}