South Africa's rand fell on Friday after U.S. President Donald Trump said he would cut off all federal funding to the country, while the dollar sagged after data showed the U.S. economy created fewer jobs than expected last month.

The president falsely claimed on social media that the South African government was confiscating farmland, echoing previous statements that the country was mistreating white people.

President Trump has shut the door to asylum for migrants worldwide. But he's holding it open for white South Africans because of its controversial new law aimed at countering the lingering impact of apartheid.