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Rand strengthens to 1-week high versus dollar

Johannesburg - The rand firmed to a new one-week high against the dollar on Thursday, trading at $11.9300/$ by 15:55 GMT as the greenback softened ahead of widely watched US employment data due on Friday.

"The dollar is softer across the board ahead of holidays, and especially ahead of the nonfarm payrolls that come out tomorrow, so you'll find some position lightening at the moment," said Lee Naisbitt, a currency trader at Rand Merchant Bank, referring to Friday and Monday public holidays.

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Rand - Dollar
18.94
-0.1%
Rand - Pound
23.92
-0.0%
Rand - Euro
20.42
+0.1%
Rand - Aus dollar
12.33
+0.1%
Rand - Yen
0.13
-0.0%
Platinum
908.05
+1.2%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
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