Market Summary from Currency Assist

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Market Summary from Currency Assist

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Published Date: 2021-10-13 | Source: INCE|Community | Author: Currency Assist

Market Summary from Currency Assist

On Tuesday, the JSE TOP 40 index was trading just below the flatline at the 59,350 level, on concerns that rising inflation, fuelled by a global energy crisis, may not be temporary, putting downward pressure on global GDP.

New signals of turmoil at property giant China Evergrande also have harmed the market mood.

Locally, the country's largest metalworkers union has entered its second week of a pay strike in the engineering sector, which could have disastrous consequences for South Africa's economy if it continues. In terms of facts, mining activity slowed again in August, exceeding market expectations. Meanwhile, manufacturing output increased moderately in August, above market expectations compared to the July data when we had riots and looting.

The ZAR was trading slightly stronger at the R14.98 against the US Dollar.

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15H00 SAST 12.10.2021

BUYSELL
USD/ZAR14.9348 15.0425
EUR/ZAR17.2899
17.3833
ZAR/JPY7.5140
7.5747
GBP/ZAR20.3798
20.4718
AUD/ZAR10.9678
10.0550
ZAR/CAD11.9605
12.0893
ZAR/CHF16.0619
16.2934
NZD/ZAR10.3595
10.4508



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




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