International Money Transfers in partnership with InceConnect

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International Money Transfers in partnership with InceConnect

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Published Date: 2021-09-16 | Source: INCE|Community | Author: Currency Assist

International Money Transfers in partnership with InceConnect

Looking to move your money offshore, we have just the solution for you....

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.


Daily Market Commentary


The JSE Top 40 Index traded below the flatline at the 57,929 level on Wednesday. The index was led lower by the miners and banking stocks after commodity prices fell and JP Morgan downgraded the ZAR to sell.

The retail sales data (YOY) for July came out for South Africa at a disappointing -0.8% well below forecast of 9.6%. The retail data shows the devastation caused by the looting and destruction of businesses in early July while impacted by a covid pandemic economy.
Uncertainty around the US Federal Reserve's tapering timeline and a weakening Chinese economy is concerning investors around slowing global growth.




15H00 SAST 15.09.2021

BUYSELL
USD/ZAR14.261714.3704
EUR/ZAR16.8635
16.9553
ZAR/JPY7.6061
7.6728
GBP/ZAR19.7379
19.8443
AUD/ZAR10.4333
10.5225
ZAR/CAD11.2345
11.3519
ZAR/CHF15.4742
15.6897
NZD/ZAR10.1127
10.2046



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



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