Rand treads water as investors digest S&P decision
06 June 2016 - 11:23
The rand was a little weaker on Monday morning after strengthening markedly on Friday due to disappointing employment figures from the US and a decision by S&P Global Ratings to keep SA’s sovereign credit ratings at their current levels.The US Labour Department said on Friday that nonfarm payrolls rose by a seasonally adjusted 38‚000 in May‚ the weakest performance since September 2010.
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