FOREX

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,

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

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

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