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Rand hits fresh low on US jobs data

Johannesburg - The rand fell 2.2% to a fresh three-year low against the dollar on Friday after below-consensus US jobs data pointed to a slowdown in the world’s largest economy.

The rand briefly touched R8.71 to the dollar, its weakest since May 2009, before coming back slightly to R8.6670 by 12:36 GMT.

Analysts say the currency may fall as far as R8.80 in the short term. 

 
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Rand - Dollar
19.04
-0.3%
Rand - Pound
23.66
-0.2%
Rand - Euro
20.21
-0.3%
Rand - Aus dollar
12.19
+0.3%
Rand - Yen
0.12
-0.0%
Platinum
970.80
-0.5%
Palladium
1,021.50
-0.2%
Gold
2,385.62
+0.1%
Silver
28.16
-2.5%
Brent Crude
90.10
-0.4%
Top 40
66,902
-2.2%
All Share
73,000
-2.1%
Resource 10
61,638
-3.6%
Industrial 25
98,321
-1.9%
Financial 15
15,650
-1.1%
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