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Forex
Nigerian naira (USD/NGN) could jump to 680 – Bank of America
July 04, 2023 04:03 AM AEST| By InvezzThe Nigerian naira has stabilized modestly in the past few days as investors price in further interest rate hikes later this year. The USD/NGN price was trading at 760 on Monday, lower than its record high of 817. Still, the Nigerian naira has plunge...
USD/CHF: Swiss franc braces for headwinds as inflation slips
July 04, 2023 12:52 AM AEST| By InvezzThe USD/CHF price tilted upwards on Monday as investors reacted to the encouraging Swiss consumer price index (CPI) data. The pair rose to a high of 0.900, higher than last Friday’s low of 0.8935. Encouraging Swiss inflation data Switzerl...
USD/IDR: Indonesia rupiah slips as inflation points to a rate cut
July 03, 2023 09:25 PM AEST| By InvezzThe USD/IDR exchange rate drifted upwards on Monday after the encouraging Indonesia consumer inflation data. The pair rose to a high of 15,027, the highest level since April 3rd of this year. It has jumped by more than 2.80% from the lowest level in...
USD/KRW retreats after South Korea trade surplus and weak PMI
July 03, 2023 05:11 PM AEST| By InvezzThe USD/KRW price drifted downwards on Monday even after a series of weak economic numbers from South Korea. The USD to South Korean exchange rate dropped to a low of 1,306 on Monday, much lower than the June high of 1,324.14. South Korea economic tr...
Bloomberg: India’s HDFC Bank is now the world’s fourth-largest bank
July 03, 2023 03:29 PM AEST| By InvezzIndia’s banking landscape has undergone a tectonic shift with the iconic Housing Development Finance Corporation (HDFC) Ltd, having executed a reverse merger with HDFC Bank, as of 1st July 2023. The deal was agreed upon in April 2022 with HDFC...
Psychological factors dampening crude oil rally poised for bullish turnaround
July 01, 2023 05:22 AM AEST| By InvezzOwing to recessionary fears, lower energy consumption, weaker economic growth and higher shale production, crude oil prices have remained subdued most of this year. For 2023 so far, both WTI and Brent are approximately 12.4% below where they started....
Headline inflation surprises to the downside while core PCE stays sticky
July 01, 2023 12:20 AM AEST| By InvezzThe latest inflation data suggests that the Federal Reserve’s aggressive rate hikes may have been doing the trick, having considerably lowered a leading inflation metric this month. PCE and core PCE fell to the the lowest recorded levels this y...
Plummeting global copper inventories foreshadow meteoric gains and increased acquisitions
June 30, 2023 09:07 PM AEST| By InvezzIn recent years, there has been tremendous focus on industrial critical metals. With the technological advancements in battery technology and the global policy push for green electrification, renewable energy and EV adoption, these metals are now con...
USD/SEK forms ascending triangle amid hawkish Fed, Riksbank
June 29, 2023 10:47 PM AEST| By InvezzThe USD/SEK exchange rate moved sideways after the hawkish sentiment by the Federal Reserve and the Riksbank. The pair was trading at 10.80, which was much higher than this month’s low of 10.56. In all, the exchange rate remains a few points be...
USD/JPY forecast as odds of Japan currency intervention rise
June 29, 2023 07:33 PM AEST| By InvezzThe Japanese yen continued slipping even after signs of tightening by the Bank of Japan (BoJ) emerged. The USD/JPY exchange rate jumped to a high of 144.46, the highest level since November last year. It has soared by more than 13% this year even as...
USD/VND: Vietnam dong outlook after strong FDI and retail sales
June 29, 2023 07:32 PM AEST| By InvezzThe Vietnamese dong jumped to the highest level since June 9th as investors reacted to the strong economic data. The USD/VND pair retreated to a low of 23,366, which was lower than this month’s high of 23,547. It has dropped by almost 2% this y...
USD/MXN forecast: Mexican peso relentless bull run gains steam
June 29, 2023 12:37 AM AEST| By InvezzThe Mexican peso continued soaring against the US dollar as the country’s economic recovery gained steam. The USD/MXN price retreated to a low of 17.06, the lowest level since May 2016. It has plunged by more than 33% from its highest point sin...
OMFIF Global Public Investor 2023 surveys central bank reserve managers
June 28, 2023 02:12 AM AEST| By InvezzThe Official Monetary and Financial Institutions Forum (OMFIF) is an independent forum for central banking, economic policy and public investment and released its flagship Global Public Investor report earlier today. This is the 10th edition of...
Argentina peso moves to the abyss as USD/ARS, GBP/ARS surges
June 27, 2023 02:37 PM AEST| By InvezzThe Argentine peso has moved into the abyss as concerns about the country continues. The USD/ARS exchange rate is sitting at the record high of near 260, meaning it has jumped by over 43% in 2023 and by over 850% in the past five years. The GBP/ARS h...
USD/CNY analysis: Chinese yuan could slip by another 1.65%
June 27, 2023 02:07 PM AEST| By InvezzThe USD/CNY exchange rate is hovering near the highest level since July last year as concerns about China’s recovery continue. It jumped to a high of 7.24, 7.75% above the lowest level in 2023. Chinese yuan retreat continues Most emerging...
USD/RUB: Ruble on edge after Russia aborted rebellion
June 26, 2023 03:22 AM AEST| By InvezzThe USD/RUB will be in the spotlight when the markets opens on Monday as investors reflect on the happenings in Russia. The pair ended last week at 83.64, which was near its highest level since April last year. Ruble has been one of the worst-perform...
USD/BRL: Here’s why the Brazilian real just hit its 52-week high
June 22, 2023 05:16 PM AEST| By InvezzThe USD/BRL exchange rate continued falling after the latest Brazilian central bank decision. It has dropped in the past seven straight weeks and is now sitting at the lowest level since June 6th of 2022. In all, the Brazilian real has jumped by more...
USD/CHF forecast: signal ahead of the SNB interest rate decision
June 22, 2023 03:50 PM AEST| By InvezzThe Swiss franc has done well this year, helped by the strong actions by the Swiss National Bank (SNB). The USD/CHF pair has consistently remained below the parity level of 1 and is now hovering near its lowest level since May 2021. It has dropped by...
USD/TRY: Will the Turkish central bank rate hike save the lira?
June 22, 2023 03:40 PM AEST| By InvezzThe USD/TRY exchange rate moved sideways as investors waited for a pivot by the Turkish central bank. The pair was trading at 23.54, where it has been stuck at since last month’s election that saw Erdogan re-elected. In all, the Turkish lira ha...
NZD/USD forecast as New Zealand exports, imports rises
June 22, 2023 02:11 PM AEST| By InvezzThe NZD/USD pair drifted upwards after the relatively strong New Zealand trade numbers. It rose to a high of 0.6218, a few points abovc this week’s low of 0.6135. In all, kiwi has jumped by more than 3.67% from the lowest level in June. New Zea...
