Rand Rallies to Lead Emerging Markets Before S&P DecisionBy
Currency set for three-week high after U.S. payrolls numbers
Gains seen capped before potential downgrade later Friday
The South African rand rallied as much as 2.2 percent against the dollar to lead gains by emerging market currencies after weaker-than-forecast U.S. payrolls numbers bolstered the likelihood that the Federal Reserve could delay its next interest-rate increase.
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