The rand is weaker on Monday morning amid signs of the dollar regaining momentum, which could put pressure on emerging-market currencies again.The local currency enjoyed a brief recovery on Friday after a mixed US nonfarm payrolls report dimmed the prospects of aggressive increases in the US interest rates.The US wages growth, a broader measure of inflationary pressures, disappointed in April, implying that the US Federal Reserve could stick to its gradualist approach in its rate-hiking cycle.The rand, along with its emerging-market peers, has been under tremendous pressure in recent days as the dollar has strengthened, prompting the central bank in Argentina to raise interest rates to prop up its peso currency.Turkey also tightened its policy over the past week, but the efforts have done little to boost the lira, which fell about 5% to record lows against the dollar.Sasfin Wealth’s head of fixed income dealing, Ashley Dickinson, said there was a sudden change of heart towards emerg...
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