South Africa's rand edges higher on weak U.S. data

South Africa's rand was a touch firmer against the dollar on Friday, propped up, as it has been for most of the week, by soft U.S. economic data that makes a June rate hike by the Federal Reserve less likely. "The dollar/rand trajectory remains higher but recent weak US economic data has kept rallies in the pair contained," Tradition Analytics said in a market note. The rand, however, remains vulnerable to yawning deficits on the budget and current account, as well as South Africa