Fed kept rates unchanged this week and the non-farm payrolls is way lower than expectations at 114 thousand, down from 179 thousand in June.
The US economy is clearly slowing looking at the employment trends and manufacturing PMI's are also dropping. Fed will most likely cut in September. A dark horse to watch is the BoJ rate hike as it is putting the carry trade under pressure which is negative for risk assets such as the rand as well as equities