Rand sheds gains as US payrolls beat the mark
US non-farm payrolls increased by 224,000 in June, while the US unemployment rate rose to 3.7%
05 July 2019 - 16:12
The rand shed earlier gains against the dollar on Friday afternoon — after breaking through R14 on Thursday — as the US added more jobs in June than expected.
Non-farm payrolls — which measure changes in the US labour market over a month — saw job numbers increase by 224,000 in June, from a gain of 75,000 in May, exceeding the Bloomberg consensus of 160,000. ..
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