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USD/CHF forecast: Rising wedge forms ahead of US NFP data

The USD/CHF exchange rate continued its uptrend this week as demand for the US dollar remained. Still, the pair has formed a highly bearish chart pattern, pointing to more downside in the near term.  US dollar is beating Swiss franc as the war continues The USD/CHF exchange rate is doing well as investors move to

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USD/ZAR forecast: Bullish pattern forms as JSE All Share Index slumps

The South African rand has pulled back in the past two months as the ongoing US-Iran war disrupted the country’s economic growth. The USD/ZAR pair soared to 17.06, as the JSE All Share Index and gold prices slumped. South African rand and JSE All Share Index slumps  The USD/ZAR exchange rate has rebounded because of

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US dollar set to fall? Energy shocks and policy risks raise doubts

The US dollar may be poised for a decline as elevated energy prices, domestic policy risks and a rising risk premium chip away at its safe-haven appeal, according to a Reuters poll published on Tuesday. Nearly 70 foreign-exchange strategists surveyed by Reuters between 27 March and 1 April expect the euro to hold steady at

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US dollar jumps sharply as Trump signals extended Iran assault

The US dollar strengthened on Thursday after President Donald Trump warned that American forces would continue striking Iranian targets for the next two to three weeks. The remarks did little to ease investor anxiety over a widening Middle East conflict. Attention now turns to the March jobs report, where analysts expect a modest rise in

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Investing

Explainer: why India’s central bank is clamping down on FX arbitrage

India’s central bank has moved to shore up the rupee with a sweeping set of emergency measures,like capping banks’ currency positions, and banning rupee non-deliverable forwards, as the currency buckles under the weight of surging oil prices and the heaviest outflow of foreign capital from emerging markets in years. Why the RBI acted The rupee

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Dollar rises on safe-haven demand after Trump warns Iran still a risk

The dollar rose on Thursday after US President Donald Trump described Iran as acting “crazy,” tempering expectations for a swift ceasefire that had briefly erased a two-day slide in the currency. The dollar index climbed to a session high of 99.925 before closing 0.3% stronger at 99.86, having earlier touched a three-week low as investors

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Investing

US dollar set to fall? Energy shocks and policy risks raise doubts

The US dollar may be poised for a decline as elevated energy prices, domestic policy risks and a rising risk premium chip away at its safe-haven appeal, according to a Reuters poll published on Tuesday. Nearly 70 foreign-exchange strategists surveyed by Reuters between 27 March and 1 April expect the euro to hold steady at

Read More
Investing

USD/ZAR forecast: Bullish pattern forms as JSE All Share Index slumps

The South African rand has pulled back in the past two months as the ongoing US-Iran war disrupted the country’s economic growth. The USD/ZAR pair soared to 17.06, as the JSE All Share Index and gold prices slumped. South African rand and JSE All Share Index slumps  The USD/ZAR exchange rate has rebounded because of

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