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Forex
As the Nigerian naira plunges, is it the next Zimbabwe dollar?
June 21, 2023 02:44 PM AEST| By InvezzThe Nigerian naira has been in a sharp decline, sparking wild comparisons with the devalued Zimbabwean dollar. Data by TradingView shows that the USD/NGN exchange rate has surged to 690, the highest level on record. It started the year at around 420....
USD/MXN: Peso waits for Mexico central bank decision
June 21, 2023 02:09 PM AEST| By InvezzThe Mexican economy is firing on all cylinders as the country benefits from its proximity to the United States. As a result, the USD/MXN exchange rate has dropped this year and is hovering at the lowest level since April 2016. It has plunged by over...
3 reasons why the US dollar’s supremacy will continue
June 21, 2023 12:17 AM AEST| By InvezzRecently, a hot topic in financial markets sparked traders’ imagination. That is the demise of the US dollar and the inevitable collapse of the world’s reserve currency status. Even the famed investor, Stanley Druckenmiller is betting hea...
DXY index: US dollar outlook darkens as the VIX plunges
June 19, 2023 05:30 PM AEST| By InvezzThe US dollar index (DXY) continued its downward trend after the Fed decided to pause its rate hikes. The index slipped to a low of $102.30 on Monday, lower than last week’s high of over $103. It has dropped by over 10% from the highest level t...
Kiwi & Aussie dollars recover lost ground, stand firm against USD
June 26, 2021 01:06 AM AEST| By ManikaSummary The Kiwi and Aussie dollars firm after solid gains on Thursday Commodities on firmer ground with demand for crude rising. Last week, the currencies were weak. Currency movements were modest on Friday as there was no reason for a m.....
Why was Kiwi dollar not enthused by the better-than-expected GDP numbers?
June 17, 2021 07:12 PM AEST| By ManikaSummary Kiwi dollar struggles to regain lost ground on GDP numbers Aussie and Kiwi had lost their gains on Wednesday after change in the Fed’s’s dovish stand Overall, the good economic news in both countries did not have much impac.....
New Zealand dollar up after RBNZ signalled rate hikes next year
May 31, 2021 07:00 PM AEST| By SonalNZD/USD kept see-sawing around $0.7257 on Monday, putting it on the course for a monthly gain of over 1.3% after the RBNZ signalled rate hikes as early as the middle of 2022, making it one of just a few central banks to do so. RBNZ had left its OCR...
NZD and AUD Hold On To Gains As Commodity Prices Move Up
May 11, 2021 07:08 PM AEST| By ManikaSummary Commodity currencies gain against the US Dollar. The USD is volatile, waiting for announcements from the Fed. NZD and AUD likely to gain more as bullish trend to continue in commodity prices. The commodity currencies, NZD and AUD .....
Australian, Kiwi Dollar Firm Ahead of Series of Global Events
May 03, 2021 06:47 PM AEST| By ManikaThe Australian dollar remained firm on Monday despite all indications from the Federal Bank of Australia (FBA) that it was going to keep the interest rates unchanged. The NZ dollar also remained strong. The AUD remained strong at $0.7713, holding on...
AUD & NZ Kiwi Weak On Biden’s Plan To Tax The Weathiest
April 26, 2021 03:29 PM AEST| By ManikaSummary Australian and New Zealand dollars weaken after Joe Biden’s tax news. Investors started moving to safter assets like the US dollars and treasuries. This week, the currency investors will watch out for inflation numbers in Austral.....
What’s Making Australian Dollar Weak And NZD Firm?
April 13, 2021 04:13 PM AEST| By ManikaSource: Atstock Productions, Shutterstock Australia’s slow vaccine roll-out had an impact on the investor sentiment and the Australian dollar opened lower on Monday. However, the NZ dollar remained unchanged. The Australian dollar was down by...
INR puts worst show in 20 months on fears of liquidity glut
April 08, 2021 01:23 AM AEST| By Team Kalkine MediaSource: saisnaps, Shutterstock The Indian Rupee (INR) has put up its worst intra-day show in 20 months on concerns of liquidity glut induced by the Reserve Bank of India’s (RBI) proposed bond buying plans. At the interbank foreign exchange ma...
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Why Are the Australian and NZ Bond Prices Rallying and Currencies Edging Lower?
March 27, 2021 03:10 AM AEDT| By ManikaSource: Andrii Yalanskyi, Shutterstock Summary Australian and NZ bonds rally, but bond yields go down. After holding up for several months, the NZ & the Australian dollars weaken. Low interest rates are being cited as the reason for these...
Dented Risk Appetite Pushes Greenback to Four-Month High
March 24, 2021 11:15 PM AEDT| By DaminiSource: Deacons docs, Shutterstock Summary The US Dollar traded near its four-month high level on Wednesday as global markets’ concerns waned investors’ risk appetite. The potential US tax hikes, shutdowns in Europe and the intensi...
NZ & Australian Dollar Weak Against the USD
March 23, 2021 07:03 PM AEDT| By Manikashowed weakness against the USD, Australian and New Zealand Dollar remained firm Fall in Turkish Lira and softening of crude (oil) prices and iron ore are having an impact on the currency market. Australian dollar and NZ dollar which were...
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How Treasury Yields Fluctuations Swayed the Currency Market
March 10, 2021 07:56 PM AEDT| By DaminiSource: Thanwa photo, Shutterstock Summary The US Treasury yields retreated on Tuesday, driving strong gains in the riskier currencies like the Australian dollar, the New Zealand dollar, and the Canadian dollar. The Treasury yields stabilised...
USD gains against different currencies, but Aussie & Kiwi dollars stay firm
March 06, 2021 12:10 AM AEDT| By Manikafor the FED Chairman’s speech to see the direction bond markets take. The dollar rose yet again against some currencies ahead of the speech by the Fed chief Jerome Powell in mid-March. The speech is likely to signal the direction that the...
Fed’s Dovish Stance Shoots Up Greenback to Three-Month High
March 05, 2021 08:01 PM AEDT| By Daminir currencies like New Zealand and Australian dollars slumped along with equities. Giving an end to growing speculations that the US Federal Reserve will pull back policy support earlier than expected, Fed Chair Jerome Powell recently reiterated...
How Bond Yields are Driving the Forex Market
March 03, 2021 08:20 PM AEDT| By Daminie Australian dollar. The bond market has begun to recover from the recent market sell-off, inducing a fall in the US Treasury yields. Last week, the sudden rise in the US bond yields soothed the enthusiasm of stock participants around the world,...
Three currency pairs gaining ground, what are chartists looking at in 2021?
January 04, 2021 12:09 PM AEDT| By Kunal SawhneyCurrencies have been a volatile so far over lower interest rate environment and economic meltdown on account of the COVID-19 outbreak. However, since the beginning of the March 2020 quarter many currency pairs have provided investors with superior re...
