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JSE marginally firmer on strong US data

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Emerging market currencies face headwinds due to robust US data and the potential for higher US rates

The JSE was firmer on Friday morning, with global markets mixed as investors weighed strong economic data in the US with global recession concerns.

The US economy expanded by 2% in the first quarter of the year, well ahead of the 1.4% growth forecast by economists,while jobless claims in the latest week fell to the lowest since May, reaching 239,000 compared with the Bloomberg median forecast of 270,000...

 

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