{"id":9808,"date":"2012-04-11T04:04:33","date_gmt":"2012-04-11T02:04:33","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-african-rand-at-2-12-month-lows-on-global-economy\/"},"modified":"2012-04-11T04:04:33","modified_gmt":"2012-04-11T02:04:33","slug":"s-african-rand-at-2-12-month-lows-on-global-economy","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-at-2-12-month-lows-on-global-economy\/","title":{"rendered":"S.African rand at 2-1\/2 month lows on global economy"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Weak global economic outlook hits the rand<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* China&#8217;s March imports disappoint for emerging markets<\/p>\n<p><span><\/span><\/p>\n<p>* IMF warns developing nations on a commodity price slump<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 10 (Reuters) &#8211; South Africa&#8217;s rand fell<br \/>\nto a 2-1\/2 month low against the dollar on Tuesday as investors<br \/>\ndumped riskier emerging market assets for safer-haven currencies<br \/>\nsuch as the Japanese yen, owing to a weak global economic<br \/>\noutlook.<\/p>\n<p><span><\/span><\/p>\n<p>The rand led the list of losers against the U.S<br \/>\ndollar in 20 emerging market currencies tracked by Thomson<br \/>\nReuters.<\/p>\n<p><span><\/span><\/p>\n<p>It hit 8.0015 against the greenback at 1400 GMT, a level<br \/>\nlast seen on January 23, a loss of 1.40 percent on Monday&#8217;s<br \/>\nclose of 7.8875, according to Reuters&#8217; data.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We have seen some of the commodity prices not doing<br \/>\nparticularly well on the day,&#8221; said George Glynos, managing<br \/>\ndirector at financial consultancy ETM.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I think that weighs particularly well, the rand is getting<br \/>\nhit and I suspect there is thin liquidity issues at play as<br \/>\nwell,&#8221; Glynos said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Weak global economic outlook hits the rand * China&#8217;s March imports disappoint for emerging markets * IMF warns developing nations on a commodity price slump By Vuyani Ndaba JOHANNESBURG, April 10 (Reuters) &#8211; South Africa&#8217;s rand fell to a 2-1\/2 month low against the dollar on Tuesday as investors dumped riskier emerging market assets [&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-9808","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\/9808","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=9808"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9808\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}