{"id":9599,"date":"2012-04-03T15:48:27","date_gmt":"2012-04-03T13:48:27","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-rand-firms-thin-trade-expected\/"},"modified":"2012-04-03T15:48:27","modified_gmt":"2012-04-03T13:48:27","slug":"s-africas-rand-firms-thin-trade-expected","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-firms-thin-trade-expected\/","title":{"rendered":"S.Africa’s rand firms, thin trade expected"},"content":{"rendered":"

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

* Rand firmer on China PMI<\/span><\/p>\n

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

* Thin trading volumes seen ahead of Easter weekend<\/p>\n

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

JOHANNESBURG, April 3<\/span> (Reuters) – South Africa’s rand firmed
\nslightly against the dollar on Tuesday, lifted by positive
\nChinese manufacturing data that boosted the outlook for
\ncommodities exporters.<\/p>\n

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

The rand was up 0.17 percent against the greenback
\nat 0618 GMT, trading at 7.6475 against the dollar. It closed on
\nMonday in New York 7.65.<\/p>\n

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

“The dollar has come back a little bit weaker across the
\nboard. There was some positive PMI data out of China which did
\nsignify that there is still support for commodity markets,” said
\nBrigid Taylor, Head of Institutional Sales at Nedbank in
\nJohannesburg.<\/p>\n

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

“For now we looking to buy dips below 7.55. Markets are very
\nthin ahead of the Easter weekend, and that’s likely to persist
\nuntil next week,” she added.<\/p>\n

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

Trading volumes are expected to be moderate ahead of Easter,
\nwith traders taking a holiday on Good Friday and returning to
\nnext week Tuesday.<\/p>\n

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

The National Association of Automobile Manufacturers is due
\nto release March new vehicle sales data at 0900 GMT while
\nTreasury plans to auction 2.1 billion rand of its 2018
\n, 2036 and 2031 bonds.<\/p>\n

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

Bond yields inched up, with the yield on the 2015 issue
\n up half a basis point to 6.68 percent and that on the
\n2026 issue up by the same margin to 8.355 percent.<\/p>\n

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

On the bourse, the JSE’s blue-chip Top-40 March futures
\ncontract was up 0.32 percent before the 0700 GMT start
\nof trade, pointing to a positive start.\t<\/p>\n

(Reporting by Vuyani Ndaba; Editing Ed Cropley)<\/p>\n

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

\n

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

* Rand firmer on China PMI * Thin trading volumes seen ahead of Easter weekend JOHANNESBURG, April 3 (Reuters) – South Africa’s rand firmed slightly against the dollar on Tuesday, lifted by positive Chinese manufacturing data that boosted the outlook for commodities exporters. The rand was up 0.17 percent against the greenback at 0618 GMT, […]<\/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-9599","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\/9599","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=9599"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9599\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}