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South Africa’s rand firmer, stocks set to open higher

Last updated: February 6, 2017 8:38 am

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South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014. REUTERS/Siphiwe Sibeko

JOHANNESBURG (Reuters) – South Africa’s rand firmed early on Monday as the dollar started the week on the backfoot after U.S. data showed wages there remain subdued, reinforcing expectations the Federal Reserve will refrain from raising interest rates next month. [FRX/]

(Reporting by Olivia Kumwenda-Mtambo; Editing by Biju Dwarakanath)

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