The rand gained the most in more than a month on Friday after the US dollar weakened when US jobs data for February came in stronger-than-expected but lower than in January, while the JSE tracked weaker global stock markets.
The nonfarm payrolls data showed payrolls increased by 311,000 in February, above the market expectation of 225,000 — however lower than the blockbuster January figure of 504,000. The unemployment rate rose to 3.6%, above the expectation of 3.4%, while wages increased by 4.6% from a year ago, compared with the 4.8% estimate. ..
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE pares some losses, but risks remainStrong US private payrolls report is seen as increasing the likelihood of the Fed raising rates by a further 50 basis points
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE pares losses ahead of US jobs dataReports on Wednesday point to a resilient US economy, strengthening the case for a 50 basis point hike by the Fed
Source: BDliveSA - 🏆 12. / 63 Read more »