{"id":130122,"date":"2016-07-14T15:11:52","date_gmt":"2016-07-14T13:11:52","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=130122"},"modified":"2016-07-14T15:11:52","modified_gmt":"2016-07-14T13:11:52","slug":"rand-surges-towards-r14-20-vs-the-dollar","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/130122\/rand-surges-towards-r14-20-vs-the-dollar\/","title":{"rendered":"Rand surges towards R14.20 vs the dollar"},"content":{"rendered":"<p>The rand reacted positively to the news that the Bank of England kept interest rates unchanged, much against market expectation.<\/p>\n<p>Wichard Cilliers, chief currency dealer at TreasuryOne said the local unit traded slightly higher on the back of the news.<\/p>\n<p>By 15:00 the rand was trading at R14.25\/$ from R14.45 when trade opened on Thursday &#8211; 1.52% firmer.<\/p>\n<p>The market priced in a 25 basis point cut in rates following the economic fallout from Brexit last month.<\/p>\n<p>Cilliers said the post-Brexit and post non-farm payroll rally has dissipated as risk assets started stalling.<\/p>\n<p>&#8220;The rand failed to break 14.30 yesterday, and Asian shares have struggled to make it past their new highs. The rand, along with risk assets, could now possibly see a move to R14.20\/$,&#8221; Cilliers said.<\/p>\n<ul>\n<li>Dollar\/Rand: R14.25<\/li>\n<li>Pound\/Rand: R18.96<\/li>\n<li>Euro\/Rand: R15.84<\/li>\n<\/ul>\n<h3 class=\"my-4\"><a href=\"http:\/\/www.fin24.com\/Markets\/Currencies\/rand-rallies-as-england-keeps-rates-on-hold-20160714\" target=\"_blank\">News24<\/a><\/h3>\n<h3 class=\"my-4\">More on the rand<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/business\/129672\/zuma-will-send-rand-to-r17-to-the-dollar-analyst\/\" target=\"_blank\"><strong>Zuma will send rand to R17 to the dollar: analyst<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/general\/126207\/rand-stronger-as-ratings-firms-give-sa-room-to-breathe\/\" target=\"_blank\"><strong>Rand stronger as ratings firms give SA room to breathe<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rand reacted positively to the news that the Bank of England kept interest rates unchanged, much against market expectation.<\/p>\n","protected":false},"author":35,"featured_media":114836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[25],"class_list":["post-130122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/130122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=130122"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/130122\/revisions"}],"predecessor-version":[{"id":130124,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/130122\/revisions\/130124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/114836"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=130122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=130122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=130122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}