JOHANNESBURG, June 6 (Reuters) - The South African rand
was flat against a firmer dollar on Friday, after the world's
largest economy recorded stronger-than-expected employment data.
At 1413 GMT the rand traded at 17.7775 against the dollar
, little changed from Thursday's closing level, after
gaining in early trade when the South African Reserve Bank
reported an increase in foreign reserves last month.
South Africa's net foreign reserves rose to $64.804 billion
at the end of May from $64.318 billion in April, central data
showed on Friday.
The greenback last traded about 0.5% stronger against
a basket of currencies after a U.S. Labor Department report
showed non-farm payrolls increased 139,000 in May, compared with
estimates for a rise of 130,000, according to economists polled
by Reuters.
Like other risk-sensitive currencies, the rand often
takes cues from global drivers like U.S. policy and economic
data in addition to local factors.
Next week, domestic investors will look to manufacturing
and mining data to gauge the health of
Africa's most industrialised economy.
Attention will also be on the country's long-delayed
budget.
On Wednesday, a key parliamentary committee backed the
national budget's fiscal framework and revenue proposals,
clearing the path for a vote in the lower house of parliament on
June 11.
The Johannesburg Stock Exchange's Top-40 index was
last down bout 0.2%.
South Africa's benchmark 2035 government bond was
weaker, as the yield rose 3 basis points to 10.08%.