💨 Abstract

The South African rand weakened on Friday, awaiting U.S. non-farm payrolls data that could influence the Federal Reserve's interest rate path. The rand often follows global trends, particularly U.S. economic data, due to a lack of major local factors. The Johannesburg Stock Exchange's blue-chip index also declined, and the benchmark 2030 government bond yield rose.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖