{"id":8755,"date":"2012-03-10T03:00:50","date_gmt":"2012-03-10T01:00:50","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-african-rand-soft-against-bullish-dollar-bonds-pull-back\/"},"modified":"2012-03-10T03:00:50","modified_gmt":"2012-03-10T01:00:50","slug":"s-african-rand-soft-against-bullish-dollar-bonds-pull-back","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-soft-against-bullish-dollar-bonds-pull-back\/","title":{"rendered":"S.African rand soft against bullish dollar, bonds pull back"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand softer as investors opt for safe havens<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds soft but inflation-linked paper well supported<\/p>\n<p><span><\/span><\/p>\n<p>* Lower electricity tariffs could boost bond market<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 9 (Reuters) &#8211; South Africa&#8217;s<br \/>\ngovernment bonds weakened on Friday and the rand retreated<br \/>\nnearly 1 percent against a resurgent dollar as investors found<br \/>\nlittle incentive to take on risky assets, with nagging debt<br \/>\nproblems in Europe still casting a shadow.<\/p>\n<p><span><\/span><\/p>\n<p>Bonds barely moved on news South Africa&#8217;s energy regulator<br \/>\nhas cut the increase in electricity tariffs to 16 percent for<br \/>\nthe 2012\/13 financial year from a previously approved rise of<br \/>\n25.9 percent, although this should help ease inflation pressure.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell as much as 0.92 percent against the greenback<br \/>\nand was at 7.5214 by 1651, a 0.55 retreat from Thursday&#8217;s close<br \/>\nat 7.48. The dollar was broadly boosted by a solid U.S. payrolls<br \/>\nreport which enhanced its safe haven appeal among investors<br \/>\nstill uneasy over the debt crisis in the euro zone.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Dollar\/rand has been tracking the euro\/dollar cross almost<br \/>\ntick-to-tick in the past week and remains influenced by market<br \/>\nsentiment,&#8221; 4CAST emerging market analyst Anisha Arora said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Hence today&#8217;s developments have kept the rand bulls at bay<br \/>\nagainst the currently strong dollar.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The rand languished in the bottom half of a basket of 20<br \/>\nemerging market currencies tracked by Reuters.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand softer as investors opt for safe havens * Bonds soft but inflation-linked paper well supported * Lower electricity tariffs could boost bond market JOHANNESBURG, March 9 (Reuters) &#8211; South Africa&#8217;s government bonds weakened on Friday and the rand retreated nearly 1 percent against a resurgent dollar as investors found little incentive to take [&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-8755","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\/8755","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=8755"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8755\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}