{"id":9975,"date":"2012-04-16T16:19:20","date_gmt":"2012-04-16T14:19:20","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-rand-back-over-8dollar-bonds-weak\/"},"modified":"2012-04-16T16:19:20","modified_gmt":"2012-04-16T14:19:20","slug":"s-africas-rand-back-over-8dollar-bonds-weak","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-back-over-8dollar-bonds-weak\/","title":{"rendered":"S.Africa’s rand back over 8\/dollar, bonds weak"},"content":{"rendered":"

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

* Rand hovering around 8 support, bonds slightly weaker<\/span><\/p>\n

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

* Inflation, retail sales data the week’s focus<\/p>\n

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

JOHANNESBURG, April 16<\/span> (Reuters) – South Africa’s rand was
\ntrading weaker above the 8 rand to the dollar level early on
\nMonday, pushed by safe haven buying on fresh fears about the
\neuro zone’s debt problems souring appetite for risk.<\/p>\n

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

Analysts expect the currency to trade above 8 rand by the
\nend of the month because of rising Spanish and Italian bond
\nyields and weak first-quarter Chinese growth, which will likely
\ndepress the rand.<\/p>\n

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

The rand was down 0.7 percent at 8.01 at 0635 GMT,
\noff a 7.955 close in New York on Friday.<\/p>\n

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

“We have maintained that dollar\/rand will target 8.0675 –
\nthe January 25 high – on the upside, with the drop to 7.860
\nattracting in buyers,” said Christopher Shiells, emerging
\nmarkets analyst at Informa Global Markets.<\/p>\n

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

Shiells expected the rand to trade near 8.0 for most of the
\nsession, with attention on the rise in euro zone periphery
\nyields.<\/p>\n

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

The 7.86\/7 level may form a barrier to any rand gains, while
\n8 rand provides support.<\/p>\n

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

Later in the week local market focus will turn to inflation
\nand retail sales data due on Wednesday. Initial analysts’
\nexpectations are for easing inflation and better growth in the
\nretail sector.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand hovering around 8 support, bonds slightly weaker * Inflation, retail sales data the week’s focus JOHANNESBURG, April 16 (Reuters) – South Africa’s rand was trading weaker above the 8 rand to the dollar level early on Monday, pushed by safe haven buying on fresh fears about the euro zone’s debt problems souring appetite […]<\/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-9975","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\/9975","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=9975"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}