Category: Forex news

Quick Overview Price Increases and Consumer Backlash: Formal businesses in Zimbabwe are raising prices, driving consumers to the informal sector. Currency Challenges: Businesses are reluctant to accept Zimbabwe’s ZWG currency, exacerbating economic instability. Government Action:

Quick Overview Economic Growth: Strong growth in Asia, notably in China and India, has fueled currency appreciation through increased demand. Trade Balances: Improved trade surpluses, particularly in export-driven economies like South Korea and Taiwan, bolster

Quick Overview Economic Growth Forecast: Singapore revised its GDP growth forecast to 2%-3% due to strong external demand. Market Reactions: Singapore shares rose 1%, and the Singapore dollar appreciated by 0.1% against the US dollar.

Key Look: The USD/CAD decline is driven by expectations that the Fed will implement three rate cuts in 2024 due to cooling inflation and an easing labour market. The USD/CAD pair hit an eight-month high

Quick Look: Japan’s Monetary Policy: The yen rises as Japan’s ruling party calls for the BOJ to normalize monetary policy; the next rate decision is on July 31. U.S. Dollar Performance: The dollar index is

Quick Look: The USD/CHF pair remains stable at 0.8940, reflecting cautious optimism amid upcoming Fed speeches. Fed’s Dr. Adriana Kugler highlights holding current rates until more robust inflation data emerges. Key US economic data and

Quick Look: BoJ’s Interest Rate Outlook: While BoJ keeps rates unchanged, the potential for a 10 basis point hike in the July 31 meeting, with more hikes likely in September and December, should keep us

Quick Look: USD lost 1% last week, halting a four-week winning streak. USD weakened against EUR (1.10%) and GBP (1.28%), slight gain against JPY (0.10%). Upcoming Sentix Investor Confidence and US Consumer Credit Change data