Oddbean

South African rand firms on improved sentiment, focus on US data ========== The South African rand firmed in early trade on Wednesday, trading at 18.41 against the dollar, about 0.45% stronger than its previous close. Risk sentiment improved and EM currencies all show some gains. The U.S. jobless claims number on Thursday will be in focus for confirmation of the weakening U.S. labor market. South Africa's net foreign reserves rose to $59.165 billion at the end of July. South Africa's benchmark 2030 government bond was also firmer in early deals, with the yield down 2.5 basis points to 9.35%. #SouthAfricanRand #UsData #RiskSentiment https://www.cnbcafrica.com/2024/south-african-rand-firms-on-improved-sentiment-focus-on-us-data/