International Money Transfers in partnership with InceConnect

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International Money Transfers in partnership with InceConnect

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Published Date: 2021-11-30 | Source: INCE|Community | Author: Currency Assist

International Money Transfers in partnership with InceConnect

InceConnect has partnered with Currency Assist to bring our readers a highly reputable international money transfer solution.

We are leveraging this partnership to provide our readers with further value in the way of a high-level summary of the happenings in the market from the day prior, and the currency rates just after midday. With the goal of positioning, you to make informed decisions in and around your FOREX activity.
Market Summary: Uncertainty Persists Around New Varient

The JSE Top 40 Index rose more than 1% to 63, 247 on Monday, recovering from a 3% plunge on Friday, after hospitality shares fell sharply on the news a host of countries would ban travel from southern Africa. At the same time, there was some relief as President Cyril Ramaphosa said that South Africa will keep its lockdown restrictions unchanged at level 1.

The government is instead proposing a much more vigorous vaccination campaign to increase uptake, while mandatory vaccines may also be an option if the situation worsens. Furthermore, the World Health Organisation (WHO) stated the Omicron's symptoms appear mild, while Moderna has said they expect to have a tweaked version of their vaccine available in 2022.
The South African rand was trading around 16.15 against USD, but not far from an over one-year low of 16.4 hit on November 26th, as uncertainty persists around the impact of the new omicron variant first detected in South Africa on the global economic recovery and monetary tightening plans by central banks.


Untitled Document
Market Moves at the end of last week:
SA Markets Last Price Weekly Move YTD Move
JSE ALL-Share  68615  -2.50%  15.50%
Resource 10  64074 -1.12%  11.29%
Industrial 25  92909 -1.75%  19.27%
Financial 15  12995  -6.87%  7.75%
SA Listed Property  313  -4.31%  14.65%
Global Markets Last Price Weekly Move YTD Move
Dow Jones  34899 -1.97%  14.03%
S&P 500  4595 -2.20% 22.33%
NASDAQ  16026  -0.20% 24.34%
EURO STOXX 500  4090  -6.13%  15.11%
FTSE 100  7044 -2.49%   9.03%
Nikkei 225  28752 -3.34% 4.76%
SHANGAI   3564 0.10%  2.62%
Commodities  Last Price        Weekly Move        YTD Move
Gold  1791    -3.01%   -5.47%
Brent Oil  72.91   -7.09%   40.75%
Currencies   Last Price        Weekly Move        YTD Move
GBP/USD  1.33  -0.81%  2.71%
USD/ZAR  16.27  3.56%  10.73%
GBP/ZAR  21.71  2.79%  8.07%
EUR/ZAR  18.46  3.94%  2.84%
BITCOIN(USD)  54311  -7.09%  87.71%


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



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