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%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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