{"id":9803,"date":"2012-04-10T16:04:04","date_gmt":"2012-04-10T14:04:04","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-african-rand-hovers-near-10-week-low-bonds-up\/"},"modified":"2012-04-10T16:04:04","modified_gmt":"2012-04-10T14:04:04","slug":"s-african-rand-hovers-near-10-week-low-bonds-up","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-hovers-near-10-week-low-bonds-up\/","title":{"rendered":"S.African rand hovers near 10-week low, bonds up"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 10<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nrecovered slightly against the dollar on Tuesday but was still<br \/>\nwithin sight of the previous day&#8217;s 2-1\/2 month low as investor<br \/>\nsentiment remained jittery due to uncertainty over the global<br \/>\neconomy.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The local currency edged up slightly after data showed<br \/>\nnet gold and foreign exchange reserves fell in March, suggesting<br \/>\na lower gold price and a stronger dollar during the month curbed<br \/>\ncentral bank intervention in the market.<\/p>\n<p><span><\/span><\/p>\n<p>Johannesburg markets reopened after being closed on Friday<br \/>\nand Monday for the Easter holiday.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.22 percent firmer at 7.87 to the<br \/>\ndollar by 0642 GMT after ending Monday&#8217;s session in New York at<br \/>\n7.8875. The currency hit a low of 7.9150\/dollar on Monday, the<br \/>\nweakest it has been since Jan. 25 according to Reuters data.<\/p>\n<p><span><\/span><\/p>\n<p>The rand could find support this week from rekindled<br \/>\nexpectations of quantitative easing in the United States,<br \/>\nfollowing the release of weaker-than-expected jobs data from the<br \/>\nworld&#8217;s largest economy last Friday.<\/p>\n<p><span><\/span><\/p>\n<p>Commodity currencies like the rand and the Australian dollar<br \/>\nshould also be boosted by China&#8217;s increased imports of crude<br \/>\noil, suggesting the world&#8217;s biggest market for resources is<br \/>\nstill likely to generate demand for commodities, Tradition<br \/>\nAnalytics said in a note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Although a full-blown &#8230; recovery is not as yet evident,<br \/>\nall these currencies have at least stabilised somewhat as they<br \/>\nfind some support,&#8221; it said.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds firmed in early trade, with the yields on<br \/>\nthe benchmark three-year paper and the longer-dated<br \/>\nissue due in 2026 each shedding four basis points to<br \/>\n6.78 percent and 8.51 percent respectively.\t<\/p>\n<p> (Reporting by Stella Mapenzauswa; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, April 10 (Reuters) &#8211; South Africa&#8217;s rand recovered slightly against the dollar on Tuesday but was still within sight of the previous day&#8217;s 2-1\/2 month low as investor sentiment remained jittery due to uncertainty over the global economy. The local currency edged up slightly after data showed net gold and foreign exchange reserves fell [&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-9803","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\/9803","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=9803"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9803\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}