{"id":9452,"date":"2012-03-30T03:39:20","date_gmt":"2012-03-30T01:39:20","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/rand-extends-bad-week-to-trade-at-month-low-vs-dollar\/"},"modified":"2012-03-30T03:39:20","modified_gmt":"2012-03-30T01:39:20","slug":"rand-extends-bad-week-to-trade-at-month-low-vs-dollar","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-extends-bad-week-to-trade-at-month-low-vs-dollar\/","title":{"rendered":"Rand extends bad week to trade at month low vs dollar"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand extends losses to one month low<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds shrug off unsurprising rates decision<\/p>\n<p><span><\/span><\/p>\n<p>* Central bank says expects depreciated rand<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 29 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened more than one percent against a robust dollar on<br \/>\nThursday after the central bank governor said she was expecting<br \/>\na slight depreciation in the local currency.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s Reserve Bank left its repo rate at 5.5<br \/>\npercent as expected. But Governor Gill Marcus said its monetary<br \/>\npolicy committee (MPC) needed to be more vigilant on inflation<br \/>\nwith signs that price pressures were becoming more broad-based.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell for the third straight session<br \/>\nagainst the dollar on Thursday, dropping 1.4 percent to<br \/>\nmid-February levels of 7.7801. It closed at 7.6760 on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Marcus told journalists there were numerous factors<br \/>\naffecting the rand which created a &#8220;fairly volatile&#8221;<br \/>\nenvironment.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The one uncertain factor is what will happen to the exchange<br \/>\nrate. So, the assumption at this point at time is &#8230; for a<br \/>\nslightly depreciated (figure), but it depends on what occurs,&#8221;<br \/>\nshe said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We really do need a resolution of Europe before we can get<br \/>\nmore stability in the outlook,&#8221; she added.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand extends losses to one month low * Bonds shrug off unsurprising rates decision * Central bank says expects depreciated rand JOHANNESBURG, March 29 (Reuters) &#8211; South Africa&#8217;s rand weakened more than one percent against a robust dollar on Thursday after the central bank governor said she was expecting a slight depreciation in the [&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-9452","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\/9452","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=9452"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9452\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}