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The Zimbabwe ZiG continued its recent rebound and hit its highest level against the US dollar since January this year. Central bank data shows that the USD/ZWG exchange rate dropped to 25.98, down significantly from the year-to-date high of 27.  Zimbabwe ZiG boosted by the gold price rally Zimbabwe’s gold-backed currency, which was launched in

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The post USD/ZAR forecast: here’s why the South African rand surged this year appeared first on Invezz

The Russian ruble has had a great performance this year, even as crude oil and natural gas plunged. The USD/RUB exchange rate was trading at 77.20, down by 35% from its highest point in November last year. Why the Russian ruble soared The Russian ruble soared after Donald Trump’s election in 2024 as investors remained

The South Korean won staged a strong comeback against the US dollar, soaring to its highest point since November 4. The USD/KRW exchange rate was trading at 1,430, down by 3.65% from its highest point this year. It remains 6.70% up from its lowest point this year. Why the South Korean won jumped The South

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The post AUD/USD forecast as the Australian dollar soars to a 15-month high appeared first on Invezz

The post USD/JPY forecast: Here’s why the Japanese yen is soaring today appeared first on Invezz