MARKET WRAP: Rand weakens most in two month while JSE follows global bourses firmer
The rand continues to face numerous risks, including ongoing load-shedding
03 February 2023 - 19:28
The rand weakened along with other emerging-market currencies on Friday, falling the most in two months, while the JSE followed mostly stronger global counterparts as investors digested the unexpectedly strong jobs report in the US.
US nonfarm payrolls increased by 517,000 for January, far higher than the 187,000 market estimate — and December’s gain of 260,000, while the unemployment rate fell to 3.4% versus the estimate for 3.6%...
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