{"id":8874,"date":"2012-03-13T15:09:35","date_gmt":"2012-03-13T13:09:35","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africa-rand-firms-ahead-of-fed-policy-statement\/"},"modified":"2012-03-13T15:09:35","modified_gmt":"2012-03-13T13:09:35","slug":"s-africa-rand-firms-ahead-of-fed-policy-statement","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-firms-ahead-of-fed-policy-statement\/","title":{"rendered":"S.Africa rand firms ahead of Fed policy statement,"},"content":{"rendered":"

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

* Rand seen trading within ranges<\/span><\/p>\n

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

* 7.32 per dlr could be a lucky break<\/p>\n

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

JOHANNESBURG, March 13<\/span> (Reuters) – South Africa’s rand
\nfirmed against the dollar with other commodity currencies on
\nTuesday as risk sentiment was lifted by signs of improvement in
\nthe world’s biggest economy.<\/p>\n

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

The rand was trading at 7.5215 to the dollar at
\n0651 GMT, 0.33 percent firmer than Monday’s New York close of
\n7.55.<\/p>\n

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

The U.S. Fed policy announcement will be watched closely by
\ntraders for any signals of further quantitative easing, but the
\nFed is unlikely offer any hints on new stimulus on the back of
\npositive economic data already seen.<\/p>\n

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

“The rand is slightly stronger on the day, basically on the
\nback of better commodity prices, a little bit of support on the
\nequity space,” said Brigid Taylor, Head of Institutional Sales
\nat Nedbank.<\/p>\n

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

“It looks as though the global growth outlook is starting to
\nimprove slightly and therefore data is quite important, it seems
\nunlikely that we will see QE3 which will keep the rand range
\nbound,” she said.<\/p>\n

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

The National Treasury is due to hold its auction at 0900
\nGMT, offering 2.1 billion rand worth of its 2017, 2021
\n and 2036 bonds.<\/p>\n

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

Yields on both the two main benchmark government bonds were
\ndown two basis points, with the 2015 yield at 6.66
\npercent and that on the 2026 note at 8.28 percent.<\/p>\n

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

Stocks opened higher, with the JSE’s blue-chip Top-40
\n up 0.53 percent shortly after the 0700 GMT start of
\ntrade.\t<\/p>\n

(Reporting by Vuyani Ndaba; editing by David Dolan)<\/p>\n

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

\n

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

* Rand seen trading within ranges * 7.32 per dlr could be a lucky break JOHANNESBURG, March 13 (Reuters) – South Africa’s rand firmed against the dollar with other commodity currencies on Tuesday as risk sentiment was lifted by signs of improvement in the world’s biggest economy. The rand was trading at 7.5215 to the […]<\/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-8874","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\/8874","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=8874"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8874\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}