South Africa's rand on firmer footing after weak U.S. data boosts EM

South Africa's rand held its ground against the dollar on Thursday as investors moved back into high-yielding assets following the release of weak U.S. retail data. Central bank governor Lesetja Kganyago however hinted that he expected an eventual flight of capital from local markets as U.S. interest rates were likely to rise with a recovery in the world's biggest economy. The dollar languished near three-month lows after surprisingly soft retail sales prompted some investors to wonder