JOHANNESBURG, April 6 (Reuters) - South Africa's rand
weakened against the dollar in early trade on Thursday, as
investors awaited U.S. jobs data and its implications for the
Federal Reserve's monetary policy.
At 0645 GMT, the rand traded at 18.0750 against the
dollar, 0.1% weaker than its previous close.
The dollar index , which measures the currency against
six rivals, was last up 0.1% at 101.98 but still hovered around
a two-month low.
With no major local economic data due until Tuesday, the
rand is set to take its cues from global drivers.
Investors will be closely looking at Friday's U.S. non-farm
payrolls report for March, when many markets globally are
closed.
While a slew of sluggish economic data this week has caused
traders to scale back bets on how much longer U.S. rates would
need to stay in restrictive territory, it has simultaneously
reignited recession fears.
South Africa's benchmark 2030 government bond was
weaker in early deals, the yield up 3 basis points to 9.810%.
(Reporting by Bhargav Acharya
Editing by Alexander Winning)
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