You have probably traveled abroad and had to change your notes into the local currency to make purchases and to pay for other luxuries. In the process of exchanging the currency, you must have realized that the exchange was done at a certain rate. Simply, this exchange is what amounts to foreign exchange or forex for short. The forex market is the largest and most liquid, based on the amount of money changing hands in a day. Given that the exchange rates fluctuate frequently, there is an opportunity for you to earn a handsome profit if you decide to take the risk. Here at Invezz, we give you the opportunity to tap into that opportunity. There is a range of currency pairs, which suit the trading preferences of all traders. Our dedicated support team is on standby around the clock to make sure your trading experience goes on without a hitch. Be sure to look around for more information.
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U.S. dollar flat after Powell plays down further rate cuts; Eyes on Hong Kong
The U.S dollar was flat in Europe on Friday ahead of more economic data later in the day. The USD is on course for a modest loss of around 0.2% this week, drifting as the world awaits the elusive U.S>-China trade deal. China’s threat to crack down on unrest in Hong Kong is also keeping markets on edge. President Xi Jiping urged the city’s chief executive Car…
The U.S-China trade deal uncertainty lifts yen, as the Australian dollar hits a 1-month low
As the U.S and China cast doubt over their trade deal agreement, the safe-haven currencies like the yen and Swiss franc were appreciating, and the yuan hits lower. Additionally, Chinese retail sales, investment, and industrial output data were weaker than expected. The data sent the Australian dollar one-month low, even after the unemployment data had already knocked it do…
U.S dollar inched up following Powell comments; Focus shift to Asian data
The U.S dollar slowly moved up on Thursday after Jerome Powell’s remarks. The Australian dollar dropped following the release of unexpected unemployment data. The U.S Dollar Index inched up 0.1% to 98.280 by 04:30 GMT. Powell, who is making a statement to the Congress, said while the economy was on track now, the current economic expansion still faces risks. “We see the cu…
U.S Dollar hovers at 1-month high as kiwi sores
Investors set their eyes on trade developments awaiting a statement from Jerome Powell later in the day. The U.S-China trade has affected the global financial markets and increased the risk of recession for some economies as global trade declines. Market watchers turn their attention to a statement from Fed Chair Jerome Powell before a congressional committee later today….
New Zealand dollar scores its biggest gain this year after the central bank surprised investors.
The New Zealand dollar records an outstanding performance in the murky currency markets. Reserve Bank of New Zealand said easing policy again was not urgent, causing the dollar to rise more than 1% and short-dated bond yields and swap rates to surge higher. Intensifying unrest in Hong Kong raises the dollar’s safe-haven appeal. On Wednesday, the New Zealand dollar recorded…