Rand holds steady ahead of US jobs report

The South African rand traded flat in early deals as investors awaited crucial United States employment data. The upcoming report will provide key clues regarding the Federal Reserve's future interest rate path.

Insights:
South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration

The South Africa rand held steady in early morning trade on Friday ahead of a pivotal United States jobs report. The currency traded at 15.9975 against the dollar, showing little change from its previous close.

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