{"id":5959,"date":"2021-03-09T12:31:20","date_gmt":"2021-03-09T12:31:20","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=5959"},"modified":"2021-03-09T12:17:32","modified_gmt":"2021-03-09T12:17:32","slug":"rand-trades-in-a-narrow-band-overnight","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight","title":{"rendered":"Rand trades in a narrow band overnight"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a>. <\/strong><\/span>JOHANNESBURG &#8211; The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a stronger greenback and higher borrowing cost weighed on risk appetite according to NKC Research.<\/p>\n<p>Meanwhile, US treasury yields steadied at the end of last week as the market sold off initially, following a stronger non-farm payrolls release, but mild short-covering kicked in as selling dried up after 7-year and 10-year yields ticked above last week\u2019s highs.<\/p>\n<p>At the close of local trade, the rand quoted 0.37 percent weaker at R15.34\/$, after trading in range of R15.23\/$ &#8211; R15.40\/$. The rand traded in a narrow band overnight. The expected range of the rand against the dollar today is R15.20\/$ &#8211; R15.50\/$.<\/p>\n<p><b>South African bourse<\/b><\/p>\n<p>The JSE All Share (+0.78 percent) ended higher on Friday led by a 13.95 percent surge in Sasol stock as crude prices continue to soar. In the overall emerging market sphere, the MSCI Emerging Market Index (-1.22 percent) traded in the red.<\/p>\n<p><b>Brent crude oil<\/b><\/p>\n<p>The Brent oil price rose to its highest level in 14 months following Opec\u2019s decision to not ramp up oil supply next month. At the close of local trade, benchmark Brent crude futures quoted 2.31 percent higher at $69.02pb. Crude prices broke through the $70-level during Asian trade this morning.<\/p>\n<p><b>BUSINESS REPORT<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. JOHANNESBURG &#8211; The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a stronger greenback and higher borrowing cost weighed on risk appetite according to NKC Research. Meanwhile, US treasury yields steadied at the end of last week as the market sold [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":5958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-5959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rand trades in a narrow band overnight - South Africa<\/title>\n<meta name=\"description\" content=\"JOHANNESBURG - The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a st ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rand trades in a narrow band overnight\" \/>\n<meta property=\"og:description\" content=\"JOHANNESBURG - The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a st ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T12:31:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rand trades in a narrow band overnight\",\"datePublished\":\"2021-03-09T12:31:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight\"},\"wordCount\":229,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight\",\"name\":\"Rand trades in a narrow band overnight - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg\",\"datePublished\":\"2021-03-09T12:31:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"JOHANNESBURG - The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a st ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg\",\"width\":720,\"height\":404,\"caption\":\"Rand trades in a narrow band overnight\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rand trades in a narrow band overnight\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Rand trades in a narrow band overnight - South Africa","description":"JOHANNESBURG - The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a st ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight","og_locale":"en_US","og_type":"article","og_title":"Rand trades in a narrow band overnight","og_description":"JOHANNESBURG - The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a st ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-03-09T12:31:20+00:00","og_image":[{"width":720,"height":404,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Rand trades in a narrow band overnight","datePublished":"2021-03-09T12:31:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight"},"wordCount":229,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg","keywords":["Africa Press","Africa Press-South-Africa","South-Africa"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight","name":"Rand trades in a narrow band overnight - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg","datePublished":"2021-03-09T12:31:20+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"JOHANNESBURG - The rand remained on track for a weekly loss of more than 2 percent against the dollar on Friday, as a st ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/03\/img-6047673f0fa32.jpg","width":720,"height":404,"caption":"Rand trades in a narrow band overnight"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-in-a-narrow-band-overnight#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Rand trades in a narrow band overnight"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/5959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=5959"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/5959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/5958"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=5959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=5959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=5959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}