South African Rand Holds Firm as Unemployment Rises to 33.6%
South Africa’s rand held firm near a five-month high on Tuesday at 16.18 to the dollar, bolstered by weak U.S. job market data. Meanwhile, domestic economic pressures mounted as official unemployment rose to 33.6% in the second quarter, manufacturing output fell, and new regulations sparked intense debate over school autonomy. Rand Resilience Amid Soft U.S. … Read more