Forex

USD/CNY rate spikes ahead of crucial China economic data dump

August 14, 2023 02:30 PM AEST| By Invezz

The USD/CNY exchange rate rally continued on Monday as investors waited for the next data dump from China. The pair jumped to a high of 7.2537, the highest level since June 30th. This price is near its highest level since November last year, meaning...

USD/RUB forecast as the Russian ruble crash gains steam

August 14, 2023 01:15 PM AEST| By Invezz

The pain keeps continuing for the Russian ruble. The USD/RUB exchange rate surged to a high of 99.54, as I had predicted here. It now sits at the lowest level in over 16 months, making it one of the worst-performing currencies this year. Russia’...

NZD/USD forecast ahead of the RBNZ meeting, FOMC minutes

August 14, 2023 01:15 AM AEST| By Invezz

The NZD/USD has dropped in the past four straight days as investors focus on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision and FOMC minutes. It dropped to a low of 0.5980, the lowest level since November 2022. RBNZ rate hike...

GBP/USD forecast: signal for week of 13th – 18th August

August 14, 2023 12:43 AM AEST| By Invezz

The GBP/USD exchange rate moved sideways on Friday after the UK published encouraging economic numbers. The pair was trading at 1.2693 on Friday, a few points above last week’s low of 1.2690. UK inflation data ahead The GBP/USD pair had several...

As US disinflationary process continues, what will the Fed do next?

August 11, 2023 08:24 PM AEST| By Invezz

This week’s main economic report for financial markets was the US inflation data. Released yesterday, it showed that the disinflationary process continues in the United States. Economists predicted that the yearly inflation would rise to 3.3%,...

Is the USD/MXN a buy after the Bank of Mexico rate decision?

August 11, 2023 04:39 PM AEST| By Invezz

The Mexican peso lost its momentum after the Bank of Mexico’s interest rate decision. The USD/MXN exchange rate was trading at 17.11 on Friday, higher than the year-to-date low of 16.61. Mexico central bank decision The USD/MXN pair reacted mil...

USD/NOK forms a bearish flag as Norwegian inflation slips

August 11, 2023 01:05 PM AEST| By Invezz

The USD/NOK price drifted upwards this week as the price of crude oil rose and after the latest US and Norwegian inflation data. It rose to a high of 10.31, the highest level since July 12th. The pair has jumped by more than 3.85% from the lowest lev...

USD/CHF recovery faces headwinds ahead of US inflation data

August 08, 2023 02:38 AM AEST| By Invezz

The USD/CHF exchange rate drifted sideways on Monday as investors reflected on last Friday’s non-farm payrolls (NFP) data. The pair was trading at 0.8753 on Monday, a few points above last month’s low of 0.8554. US inflation data ahead Th...

USD/PKR: Pakistani rupee is at risk as political tensions rise

August 07, 2023 03:21 PM AEST| By Invezz

The Pakistani rupee moved sideways on Monday morning as the country’s political crisis continued. The USD/PKR exchange rate was trading at 285.30 on Monday, a few points below its all-time high of 296. Pakistan political crisis Pakistan has bee...

USD/JPY forecast: Signals for the week of 06 – 11th August

August 07, 2023 04:18 AM AEST| By Invezz

The USD/JPY exchange rate drifted downwards on Friday as investors reacted to the latest US non-farm payrolls (NFP) data. The pair retreated to a low of 142 ahead as traders focused on the upcoming US consumer inflation data. US inflation and Japan h...

USD/CAD forecast: Signal ahead of Canada, US NFP data

August 04, 2023 09:30 PM AEST| By Invezz

The USD/CAD exchange rate continued recovering ahead of the upcoming Canada and US non-farm payrolls (NFP) data. The pair rose to 1.3372, the highest level since July 7th. It has risen by over 2% from its lowest level in July. US and Canada jobs data...

US Dollar Index (DXY) forecast ahead of the July NFP report

August 04, 2023 06:49 PM AEST| By Invezz

Today is the first Friday of the month, meaning that the July Non-Farm Payrolls (NFP) report is due. The report shows the change in the number of workers in the US economy and is viewed as an indicator that moves financial markets the most. As such,...

USD/SGD rate rallies as Singapore retail sales falls again

August 04, 2023 05:40 PM AEST| By Invezz

The USD/SGD exchange rate continued rising on Friday after additional data showed that Singapore’s economy was slowing. The pair rose to a high of 1.3426, which was much higher than this week’s low of 1.3164. Singapore retails slipped Aft...

USD/INR forecast: Indian rupee sell-off faces one final hurdle

August 04, 2023 03:21 PM AEST| By Invezz

The USD/INR exchange rate is sitting at an important resistance level. The pair was trading at 82.74 on Friday, a few points below the crucial resistance level at 83, where it has failed to move above in the past few months. US dollar index strength...

USD/PHP: Peso retreat s as Philippine’s inflation dips again

August 04, 2023 12:00 PM AEST| By Invezz

The USD/PHP exchange rate drifted upwards after the latest Philippine consumer price index (CPI) data. The pair has risen in the past three straight days and is hovering at the highest level since June 23rd. It has soared by more than 2.5% from its l...

USD/BRL analysis as Brazil central bank slashes interest rates

August 03, 2023 11:00 AM AEST| By Invezz

The USD/BRL exchange rate drifted upwards after the surprise interest rate decision by the Brazilian central bank. It rose to a high of 4.82, the highest point since July 21st as the bank diverged from the Federal Reserve. Brazil central bank cuts ra...

USD/RUB: Here’s the path of least resistance for the Russian ruble

August 03, 2023 03:20 AM AEST| By Invezz

The USD/RUB exchange rate rally continued as the US dollar index comeback gained steam. The pair surged to a high of 94.36, the highest level since March 25th last year. It has surged by more than 86% from the lowest level in 2022. Russian economy im...