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Rand hits fresh low on US jobs data

Jun 01 2012 14:49 Reuters

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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. 

 
rand  |  dollar  |  markets  |  us jobs data
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