Rand rises after Hillary Clinton emerges as US presidential debate winner
THE rand strengthened slightly on Monday morning after Friday’s disappointing US employment data and support by the presidential debate favouring emerging markets.The presidential debate that took place in the early hours of the morning favoured US Democratic nominee Hillary Clinton over Republican Donald Trump.TreasuryOne head of dealing Wichard Cilliers said the presidential debate was causing further volatility in emerging markets, "especially with the Mexican peso, with Clinton leading the way"."The Mexican peso is considered a barometer for [foreign-exchange] market views on Trump’s chances of winning, which has trimmed its advance after rising nearly 2% against the dollar, as the republican candidate was questioned over a video in which he could be heard describing groping women.This gives Clinton much ground to stand on as she edges up against Trump in the polls," said Cilliers.Last week, the US nonfarm payrolls report noted an increase of 156,000 jobs against expectations of...
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