The rand was slightly firmer against global currencies on Monday afternoon, coming off a two-month low to the dollar, ahead of risk events this week.
Jobs growth in the world’s largest economy almost stalled in February, with that economic release coming after a series of disappointing reports that signalled the global economy is slowing. China’s top central banker also made comments suggesting the US and his country were close to a deal on currency issues. The White House has accused Beijing of manipulating its currency to support exports.
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