Rand gains as focus shifts to US jobs data

The rand was on track to break its three-day losing streak on Thursday while the markets await US jobless claims data amid concern about the effects of Covid-19 on the global economy. 

While it gained for the first time this week, the rand has been the worst-performing among its emerging-markets peers over the past month as the escalating pandemic casts a shadow over global markets and fuels fear of a deep global recession.