South African rand weakens after strong U.S. jobs data; stocks slide

Indonesia Berita Berita

South African rand weakens after strong U.S. jobs data; stocks slide
Indonesia Berita Terbaru,Indonesia Berita utama

South African rand weakens after strong U.S. jobs data; stocks slide.

Like most emerging market currencies, the rand is highly susceptible to global drivers such as U.S. monetary policy.The dollar index , which measures the greenback against six major rivals, was up 0.089% to 112.35.

U.S. inflation data, due next week, will be watched closely as well and could prove influential in setting investors' expectations for the Fed, according to strategists.

 

Indonesia Berita Terbaru, Indonesia Berita utama



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