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The rand was marginally weaker against the dollar on Wednesday just before midday, as markets marked time ahead of the release of US non-farm data. Currency markets will trade cautiously until the figures are released on Friday, as they will add to measures that shed light on the US’s growth and readiness for another interest-rate increase before the end of the year. Nedbank analysts said they expect US employment growth to remain upbeat with a likely labour-market tightening. Dow Jones Newswires said investors only see a 46% chance that the US Federal Reserve will raises rates again before the end of the year. The rand is gradually recouping losses incurred on Monday after ratings agency Moody’s raised concerns about SA’s economic growth trajectory and political uncertainty. The rand lost 1.31% against the dollar on Monay. At 11.31am‚ the rand was at R13.2894 the dollar from R13.2737, at R15.7384 to the euro from R15.6666, and at R17.5925 against the pound from R17.5304. The euro w...

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