{"id":9098,"date":"2012-03-19T15:21:49","date_gmt":"2012-03-19T13:21:49","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africas-rand-steady-ahead-of-current-account\/"},"modified":"2012-03-19T15:21:49","modified_gmt":"2012-03-19T13:21:49","slug":"s-africas-rand-steady-ahead-of-current-account","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-steady-ahead-of-current-account\/","title":{"rendered":"S.Africa’s rand steady ahead of current account"},"content":{"rendered":"

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

* Rand steady ahead of current account data<\/span><\/p>\n

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

* Bonds unmoved from Friday’s close<\/p>\n

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

JOHANNESBURG, March 19<\/span> (Reuters) – South Africa’s rand held
\nsteady on Monday against the dollar as traders waited for the
\nrelease later in the day of the current account for the fourth
\nquarter of last year.<\/p>\n

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

The rand was trading at 7.5655 versus the greenback
\nat 0617 GMT, little changed from Friday’s close of 7.572.<\/p>\n

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

The current account data due at 0800 GMT is projected to
\nshow growing deficits, putting pressure on the currency.<\/p>\n

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

Economists expect the deficit to have widened to 4.1 percent
\nof gross domestic product (GDP) in the fourth quarter of 2011
\nfrom 3.8 percent previously, dominated by large imports of
\nconsumer goods and disappointing export volumes.<\/p>\n

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

“The positive data we have seen over the last week and
\nexpect to see out of the U.S. is creating a little bit better of
\nsentiment around risk, which is helping to bolster the likes of
\nemerging markets,” said Brigid Taylor, head of Institutional
\nSales at Nedbank.<\/p>\n

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

Traders said the market would be trading in a range of
\n7.5-7.6.<\/p>\n

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

Government bonds were muted. Yields on the benchmark bonds
\nwere flat, with the 2015 bond at 6.835 percent and
\nthat on the 2026 issue at 8.415 percent.<\/p>\n

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

Stocks opened higher, with the JSE’s blue-chip Top-40
\n up 0.14 percent shortly after the 0700 GMT start of
\ntrade.\t<\/p>\n

(Reporting by Vuyani Ndaba; Editing by Jon Herskovitz)<\/p>\n

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

\n

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

* Rand steady ahead of current account data * Bonds unmoved from Friday’s close JOHANNESBURG, March 19 (Reuters) – South Africa’s rand held steady on Monday against the dollar as traders waited for the release later in the day of the current account for the fourth quarter of last year. The rand was trading at […]<\/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-9098","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\/9098","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=9098"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}