MARKET WRAP: Rand weakens the most in a month
JSE pares gains after better-than-expected private sector employment data from the US adds support to Fed’s ongoing inflation crusade
05 January 2023 – 19:40
The rand weakened the most in more than a month on Thursday as strong jobs data from the US signalled the Federal Reserve would probably stick to raising interest rates. The JSE closed firmer but off the day’s high.
Employment in the US private sector grew more than expected in December, with data showing those payrolls rose by 235,000, well above the market estimate of 153,000, and 127,000 reported in November…
Source: businesslive.co.za
