Johannesburg - South Africa's rand weakened against the dollar in thin trade early on Friday as investors positioned for a US jobs report that is likely to provide clues about the Federal Reserve's monetary policy intentions.
At 07h05 GMT, the rand traded at 15.0550 versus the dollar, 0.6 percent weaker from Thursday's New York close.
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“Trade remains jittery and liquidity thin, so it is not going to take much to send the market running again,” Rand Merchant Bank analyst John Cairns said in a note.
“The monthly (payrolls) release no longer has the importance that it had a year back but still remains the single most important global economic indicator for the markets.”
A strong number could encourage the Fed to raise rates sooner, lending some support to the dollar.
On the stock market, the Top-40 index was down 0.67 percent, while the broader all-share fell 0.44 percent.
In fixed income, the yield for the benchmark government bond due in 2026 was up 1 basis point at 9.195 percent.
REUTERS