Freedom Broker forecasts tenge strengthening to 463 per dollar by summer 2024
This digest was compiled by AI from multiple sources — links to the originals are below.
Freedom Broker analysts predict the tenge will strengthen to 463.6 per dollar soon. The currency last reached this level nearly two years ago. The forecast comes as the dollar weakens against the tenge for the fourth consecutive session.
Currency Forecast
Freedom Broker anticipates the tenge will soon approach 463.6 per dollar, a level last seen nearly two years ago. The prediction is based on the recent trend of the dollar weakening against the tenge. Analysts highlight that this marks the fourth consecutive session of the dollar's decline relative to the tenge.
Market Trends
The tenge's potential strengthening comes amid ongoing fluctuations in global currency markets. Freedom Broker's analysis suggests that the USD/KZT pair may soon test its support level. This trend is observed as the dollar continues to lose ground against various global currencies.
Fraud Against Freedom Finance
Fraudsters deceived Freedom Finance bank for 150 million tenge, according to a report by RATEL KZ. The incident involves a scam that targeted the financial institution, highlighting security vulnerabilities.
What's Next
The tenge's performance will be closely monitored in upcoming trading sessions. It remains uncertain whether the currency will sustain its upward trajectory.
2 sources
Freedom Broker forecasts tenge strengthening to 463 per dollar by summer 2024
