Rand gains on slow US wage growth, stocks up

JOHANNESBURG - The rand firmed on Friday, ending the first week of the new quarter more than 2% firmer as slow wage growth in the United States helped maintain demand for emerging currencies.The currency rallied as far as 14.0200, its best since Feb. 28, shortly after employment data from the US showed that while jobs increased by 196,000 wage growth had slowed, pushing the dollar lower.

The rand’s run towards 14.00 could unlock further gains, analysts said, with the cluster of stop-loss triggers around the level adding momentum to the rally before an expected spike in volatility as 8 May national elections approach.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Rand range-bound as market eyes US-China talksUS President Donald Trump is expected to meet Chinese Vice-Premier Liu He later on Thursday amid speculation a deal is close
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

MARKET WRAP: JSE and rand rally ahead of Moody’s decisionJSE heavyweight Naspers was 0.85% higher at R3,332.14 after reaching its best level in about seven months earlier in the day
แหล่ง: TimesLIVE - 🏆 28. / 59 อ่านเพิ่มเติม »

#RandReport: Rand, stocks edge higher ahead of Moody's reviewStocks strengthened, led by banks and retailers on expectations Moody’s would not downgrade its Baa3 rating on South Africa.
แหล่ง: ewnupdates - 🏆 30. / 53 อ่านเพิ่มเติม »