Inflation coming in Hot

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Inflation coming in Hot

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Published Date: 2021-10-14 | Source: INCE|Community | Author: Roxanne Segers

Inflation coming in Hot

Market Summary: Dollar edged down ahead of CPI data release

The JSE Top 40 index was trading over 0.5% lower at the 59,182 level on Wednesday; Mining and Financial counters were the big losers amid ongoing concerns over inflation, slowing growth, and weaker commodity prices, as well as fears about the potential debt crisis at developer China Evergrande Group spreading.

On the local front, NUMSA strike is continuing following a deadlock in wage negotiations, with businesses across the country reporting huge losses in revenue.
SA Retail sales came in at -1.3% versus a forecast of 2.6% rise.
The ZAR was trading slightly firmer at 14.86 against the US Dollar, despite fears of a slowdown in global growth and the US Fed announcing a tapering of stimulus next month.

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15H00 SAST 13.10.2021

BUYSELL
USD/ZAR14.811614.9226
EUR/ZAR17.1222
17.2254
ZAR/JPY7.6119
7.6728
GBP/ZAR20.1866
20.2930
AUD/ZAR10.8699
10.9639
ZAR/CAD11.8655
12.0002
ZAR/CHF15.8984
16.1315
NZD/ZAR10.2517
10.3480



DISCLAIMER: The rates quoted are shown for indicative purposes only.





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