South Africa’s rand firmed towards the greenback on Thursday, as US weekly jobless claims knowledge pointed to a cooling off within the labour market, easing worries about harsher Federal Reserve fee hikes subsequent yr.
At 1559 GMT, the risk-sensitive rand traded at 16.8875 towards the greenback, 1.2% stronger than its earlier shut.
The greenback index, which measures the buck towards six rivals, was down 0.364% at 103.97.
On the inventory market, the Prime-40 and the broader all-share indexes ended nearly 1% decrease.
South African authorities’s benchmark 2030 bond costs weakened in afternoon offers, with the yield up 1.5 foundation factors to 10.255%.