{"id":9987,"date":"2012-04-17T04:19:30","date_gmt":"2012-04-17T02:19:30","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/south-africas-rand-weakens-on-spanish-worries\/"},"modified":"2012-04-17T04:19:30","modified_gmt":"2012-04-17T02:19:30","slug":"south-africas-rand-weakens-on-spanish-worries","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africas-rand-weakens-on-spanish-worries\/","title":{"rendered":"South Africa’s rand weakens on Spanish worries"},"content":{"rendered":"

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

* Rand weakens, but reduces its losses<\/span><\/p>\n

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

* Spanish bond yields jump on fiscal fears<\/p>\n

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

JOHANNESBURG, April 16<\/span> (Reuters) – South Africa’s rand
\nweakened against the dollar on Monday as it tracked the euro,
\nwhich hit a two-month low as a rise in the yields on Spain’s
\ngovernment bonds signalled fresh worries about the country’s
\nfragile economic state.<\/p>\n

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

The rand was 0.15 percent weaker against the
\ndollar at 1538 GMT, trading at 7.9656 from New York’s Friday
\nclose of 7.955.<\/p>\n

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

Spanish 10-year government bond yields jumped above 6
\npercent for the first time this year on Monday as concerns over
\nthe country’s ability to keep its finances under control
\nsurfaced again.<\/p>\n

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

The rand was caught in a selling mode late in the session,
\nbut not more than other currencies in the list of 20 emerging
\nmarkets tracked by Reuters.<\/p>\n

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

“Despite the rising global risk aversion with the euro under
\npressure and Spanish yields above the psychological 6 percent
\nlevel, the rand found some relief in that equities were holding
\nwell through the day,” said Anisha Arora, analyst at 4Cast.<\/p>\n

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

“However the sudden sell off in SP futures has weighed on
\nrand crosses in the afternoon, renewing upside pressure on
\ndollar\/rand.” added Arora.<\/p>\n

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

Government bonds were mostly unchanged. The 2015
\nyield was flat at 6.72 percent and that on the on the 2026 issue
\n slipped half a basis point to 8.434 percent.\t<\/p>\n

(Reporting by Vuyani Ndaba; Editing by Jon Herskovitz)<\/p>\n

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

\n

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

* Rand weakens, but reduces its losses * Spanish bond yields jump on fiscal fears JOHANNESBURG, April 16 (Reuters) – South Africa’s rand weakened against the dollar on Monday as it tracked the euro, which hit a two-month low as a rise in the yields on Spain’s government bonds signalled fresh worries about the country’s […]<\/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-9987","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\/9987","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=9987"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9987\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}