MARKET WRAP: Rand back below 13.50/$ as US nonfarm payrolls miss target

The rand firmed along with other emerging market (EM) currencies after US employment data showed the country created fewer jobs than analysts expected.

The dollar weakened a little after data on Friday showed the US labour force grew by 559,000 in May versus an expected 650,000. The unemployment rate, however, dropped by a little more than expected to 5.8%. Another keenly watched measure, average hourly wages, rose 0.5% month-on-month…