Rand holds steady below R16/€ after US jobs reports
The US dollar has found support after a US jobs report on Friday beat expectations, putting pressure on global risk assets on Monday
08 July 2019 - 10:44
The rand was little changed against major global currencies on Monday morning, holding steady below R16/€, as markets digested the US nonfarm payrolls report from Friday.
The upbeat report has forced investors to temper their expectations of US Federal Reserve interest rate cuts, something that continued to put risk-assets under pressure on Monday morning...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.