(Reuters) - The South African rand weakened slightly against the dollar on Monday despite the greenback losing ground overseas after the release of unexpectedly worse U.S. data.
The rand was at 7.2350 against the dollar at 1515 GMT, having weakened to 7.2475 earlier from 7.21/dollar at Friday's close in New York.
Read more at Reuters Africa
Showing posts with label U.S Data. Show all posts
Showing posts with label U.S Data. Show all posts
Monday, March 26, 2007
Friday, February 2, 2007
Dollar holds ground ahead of payrolls data, G7 eyed
The dollar steadied against major currencies on Friday, with investors reticent to take positions ahead of key U.S. data, while markets were alert for commentary on yen weakness ahead of next week's Group of Seven meeting.
January's U.S. non-farm payrolls report, due at 1330 GMT, will be scanned by investors for evidence to reinforce a solid growth outlook and the Federal Reserve's steady stance on interest rates.
Economists expect the data to show 149,000 jobs added in January after a rise of 167,000 the previous month.
Read more at Reuters South Africa
January's U.S. non-farm payrolls report, due at 1330 GMT, will be scanned by investors for evidence to reinforce a solid growth outlook and the Federal Reserve's steady stance on interest rates.
Economists expect the data to show 149,000 jobs added in January after a rise of 167,000 the previous month.
Read more at Reuters South Africa
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