{"id":9875,"date":"2012-04-13T04:09:04","date_gmt":"2012-04-13T02:09:04","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-african-rand-jumps-against-dollar-bonds-follow\/"},"modified":"2012-04-13T04:09:04","modified_gmt":"2012-04-13T02:09:04","slug":"s-african-rand-jumps-against-dollar-bonds-follow","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-jumps-against-dollar-bonds-follow\/","title":{"rendered":"S.African rand jumps against dollar, bonds follow"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand boosted by higher risk appetite<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* China GDP data, to influence commodity currencies<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 12<\/span>  (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nrallied as much as 1.5 percent against the dollar on Thursday,<br \/>\nin line with other high-yield currencies, on expectations of<br \/>\nfurther quantitative easing for the U.S. unit.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds followed suit, pushing the yield on<br \/>\nthree-year paper 4.5 basis points lower to 6.7<br \/>\npercent. The yield for the 15-year issue was down<br \/>\nthree basis points at 8.455 percent at the close.<\/p>\n<p><span><\/span><\/p>\n<p>The rand touched a session high of 7.8825 to the<br \/>\ndollar before retreating to 7.9016 by 1625 GMT, still up 1.29<br \/>\npercent compared with Wednesday&#8217;s close at 8.0050.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was boosted on Thursday by revived appetite for<br \/>\nriskier assets and emerging markets along with an extensive<br \/>\nrecovery in the euro, said forex trader William Van Rijn, who<br \/>\nruns the spot desk at Nedbank.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;A breach of the previous tops over the past few days at<br \/>\n1.3150 (for euro\/dollar) has triggered a few stop losses in that<br \/>\ncurrency pair and there was some neutralising of long dollar<br \/>\npositions against the rand as well,&#8221; Van Rijn said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;A breach of the short-term support in the rand between 7.90<br \/>\nand 7.93 has assisted the local currency,&#8221; he added.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was the top performer among 20 emerging market<br \/>\ncurrencies monitored by Reuters, ahead of the Hungarian forint<br \/>\n and Poland&#8217;s zloty.<\/p>\n<p><span><\/span><\/p>\n<p>Markets are keeping an eye on the likely extent in coming<br \/>\nmonths of China&#8217;s demand for commodity exports, which tends to<br \/>\ninfluence the rand given South Africa&#8217;s position as a major<br \/>\nresource producer.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Focus is on China&#8217;s GDP print tomorrow and disappointment<br \/>\n(from the data) may limit the dollar\/rand pullback,&#8221; said Anisha<br \/>\nArora, an emerging markets analyst at 4Cast.\t<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Michael Roddy)<\/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>* Rand boosted by higher risk appetite * China GDP data, to influence commodity currencies JOHANNESBURG, April 12 (Reuters) &#8211; South Africa&#8217;s rand rallied as much as 1.5 percent against the dollar on Thursday, in line with other high-yield currencies, on expectations of further quantitative easing for the U.S. unit. Government bonds followed suit, pushing [&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-9875","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\/9875","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=9875"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}