Rand steady against US dollar

Johannesburg – The rand was steady with a weaker bias against the dollar early on Thursday, in line with a stable euro while investors awaited key global and domestic data.

South Africa’s currency was at 10.2760/dollar at 08:43 SA time, from a 10.2630 close in New York on Wednesday.

Investors are bracing for a European Central Bank rates decision later on Thursday and US initial jobless claims and economic growth data.

After that, US jobs numbers on Friday will be next in focus.

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