JOHANNESBURG (Reuters) - The South African rand was slightly firmer against the dollar in early trade Wednesday ticks, easy-to-credit data added to signs the economy is recovering, remains to cover the case for interest rates stable this year.
Government bonds also easily moved around, the return on
Question 4 years 3.5 basis points lower to 6.60 percent, while decreased for the 14-year paper, three basis points at 8.235 percent per day.
The striped edge of a new five-month high of 7.46 to the greenback and was from 0658 7.4690/dollar GMT, up 0.17 percent from Tuesday close in New York.
Said "The plan below 7.50 materialized yesterday and opened the door for a test of the level closer to Fibo projection target of 7.40," Tradition Analytics in a note.
The rand confirmed about two cents to South African Reserve Bank data showed growth in credit demand from the private sector accelerated to 7.33 percent year on year in January from 6.14 percent rise in December
The boundary also followed a firmer trend in emerging markets, with the risk appetite of aspirations that include the European banks, a wide range of cheap three-year cash flow from the European Central Bank in its longer-term refinancing operation (LRG) is strengthened.
"Ultimate direction for the coming week will have to be determined on the mood and the risk aversion of the size of the location of the ECB LRG and its impact," said Tradition Analytics.
Government bonds also easily moved around, the return on
Question 4 years 3.5 basis points lower to 6.60 percent, while decreased for the 14-year paper, three basis points at 8.235 percent per day.
The striped edge of a new five-month high of 7.46 to the greenback and was from 0658 7.4690/dollar GMT, up 0.17 percent from Tuesday close in New York.
Said "The plan below 7.50 materialized yesterday and opened the door for a test of the level closer to Fibo projection target of 7.40," Tradition Analytics in a note.
The rand confirmed about two cents to South African Reserve Bank data showed growth in credit demand from the private sector accelerated to 7.33 percent year on year in January from 6.14 percent rise in December
The boundary also followed a firmer trend in emerging markets, with the risk appetite of aspirations that include the European banks, a wide range of cheap three-year cash flow from the European Central Bank in its longer-term refinancing operation (LRG) is strengthened.
"Ultimate direction for the coming week will have to be determined on the mood and the risk aversion of the size of the location of the ECB LRG and its impact," said Tradition Analytics.
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