forex
The concept of the US dollar dominance has been in the spotlight in the past few months with experts in both sides sharing their ideas. Some experts believe that the end of the greenback in global trade and as a reserve currency is nearing. Others, on the other hand, opine that the dollar will never be dethroned. The case against the US dollar has grownThe case against the US dollar has grown in the past few years as the government has used it as a weapon. Washington has sanctioned countries like Russia, Iran, Cuba, North Korea, and Venezuela. Most importantly, the recently passed REPO Act all...
Invezz
The new Zimbabwe Gold currency has continued to stabilise against the US dollar and other currencies. According to the central bank, the USD to ZiG exchange rate was trading at 13.50, a few points above its initial price. ZiG has stabilised, helped by the actions by the government to prevent its volatility and its decline. The most important action has been to crackdown on street traders, who were blamed for crashing the other versions of the country’s currency. At the same time, the government has imposed substantial fines for transacting the currency outside of the official exchange rate. It...
Invezz
Today, the People’s Bank of China (PBoC) revealed the country’s latest figures for both new and outstanding loans data for May 2024. Outstanding loan growth hits new record lowOut earlier today were PBoC’s outstanding loan growth figures for May 2024. Outstanding loans increased 9.3% last month, compared with May 2023. However, month-over-month, outstanding loans dropped from a 9.6% rise in April 2024 to 9.3% in May, according to today’s data. The reading of 9.3% is the lowest figure ever recorded for the country’s monthly outstanding loans data. What does the outstanding loans data mean?The P...
Invezz
The USD/TRY exchange rate drifted upwards this week after the Federal Reserve delivered a somewhat hawkish decision. It has also soared after a report showed that Turkey’s inflation continued soaring in May. It was trading at 32.50, a few points below its all-time high of 32.80. Turkish lira crashesThe US inflation data and the Federal Reserve were the biggest catalysts for the USD/TRY pair this week. In a report on Wednesday, the Bureau of Labor Statistics (BLS) said that the headline and core inflation numbers dropped in June. A few hours later, the Federal Reserve delivered what seemed like...
Invezz
The South African rand is back. After soaring to 19 last week, the USD/ZAR pair has plummeted to 18.40 as investors focus on the coalition talks between the Africa National Congress (ANC) and the Democratic Alliance (DA). Coalition talks advanceThe USD/ZAR pair has been in the spotlight recently after the recent South African election in which the ruling ANC failed to win a majority for the first time in the post apartheid era. In the aftermath, the two leading parties, ANC and DA, have been talking about forming a coalition government in which Ramaphosa will be the president. Therefore, inves...
Invezz
The Australian dollar has been losing ground lately to the USD, a trend which was exacerbated after the Fed communicated an even more hawkish interest rate policy stance for the US yesterday. Read more about the Fed’s interest rate decision and what it means The AUD/USD priceAt the time of this article going to press, the Australian dollar was trading at around $0.67 to the US dollar, giving up gains of around 0.25% since the Fed’s announcement. Yet the AUD has strengthened somewhat overall in the past month, rising 0.6% to the dollar overall in the last 30 days. Fortunately, the nation saw ot...
Invezz
El Euro no logró mantener las ganancias iniciales y cayó a $1.73, su nivel más bajo en más de un mes, debido a la incertidumbre política en Francia que afecta el ánimo de los inversores. En respuesta al éxito de la extrema derecha en las elecciones al Parlamento Europeo, el Presidente francés Emmanuel Macron convocó a elecciones legislativas anticipadas. Aunque Macron mantendrá la presidencia y la autoridad en política exterior y defensa, el resultado de las elecciones y el nombramiento de un nuevo Primer Ministro podrían tener un impacto en su capacidad para aprobar legislación. Temores por l...
Invezz - ES
The USD/INR exchange rate dived hard on Monday morning ahead of the official Indian election results scheduled on June 4th. The pair slumped to a low of 83, its lowest level since March 20th. It has dropped by 85 basis points from its highest point this year. India election results and RBI decisionThe Indian rupee will be in the spotlight this week as India concludes its election and as the Reserve Bank of India (RBI) delivers its interest rate decision. Exit polls show that Narendra Modi will likely be declared the country’s president for the third term. There are signs that he will reach the...
Invezz
The EUR/USD exchange rate was flat on Friday after a stronger-than-expected European inflation report. It was trading at 1.08500, higher than this month’s low of 1.0600 as focus shifted to the upcoming US inflation data and the European Central Bank (ECB) decision. ECB decision aheadThe EUR/USD will be in the spotlight next week as the ECB concludes its two-day meeting on Thursday. This will be a crucial meeting since the bank has signaled that it will be the start of the rate cutting cycle. Analysts have scaled back their expectations for the number of rate cuts to expect after the June meeti...
Invezz
Zimbabwe hükümetinin para biriminin uzun vadede istikrarını koruyacağını umması nedeniyle USD/ZiG döviz kuru istikrarlı seyrediyor. Zimbabve Merkez Bankası’nın internet sitesinde yer alan resmi veriler, alış ve satış fiyatlarının ortalamasının Nisan ayındaki başlangıç noktasının yakınında 13,22’ye yükseldiğini gösteriyor. Zimbabve ZiG istikrarlı seyrediyorBu istikrar, hükümetin yatırımcılara, şirketlere ve uluslararası kurumlara para biriminin iyi durumda olacağına dair güvence vermek için harekete geçtiği bir dönemde gerçekleşti. Diğer para birimlerini tahrip eden hiperenflasyondan sorumlu tu...
Invezz - TR
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら