Nigeria banks’ quote using investors’ window seen moving towards single naira rate
A move on Wednesday that saw Nigerian banks using the naira exchange rate at the Investors’ and Exporters’ foreign exchange window was
Is it time to buy the U.S. dollar? Asks Hussein Sayed, FXTM chief market strategist
Six months ago it was hard to believe that the Greenback will be plummeting against all of its major peers. Back then the Fed was the
A struggling dollar sees out July, FXTM analyst
July has certainly been a painful trading month for the Greenback, with Friday’s second quarter economic growth figures from the US
U.S. dollar, bond yields climb, with focus on Fed
The U.S. dollar rose from its lowest level in more than a year and U.S. Treasury yields climbed on Monday as investors braced for news
Copper supported by supply disruptions, weak dollar
Copper closed above the psychologically important $6,000 level again on Monday as the dollar hovered near 13-month lows and
Currency traders paying costly for protection against dollar plunge
With the Federal Reserve expected to hold interest rates steady Wednesday, traders in the $5.1-trillion-a-day currency market are
Dollar weakness, China cheer lift Asia stocks, commodities
The dollar huddled near multi-month lows on Wednesday as investors wagered any further tightening in the United States would be slow
NAFEX watch forces MSCI to delay Nigeria’s index reclassification
The Central Bank of Nigeria’s (CBN) introduction of the investors/exporters FX window popularly referred to as NAFEX and the
Gaps in multiple forex rates narrow, naira opens at N364/$ Wednesday
Strong interventions by Central Bank of Nigeria (CBN) geared towards achieving stability amidst convergence in the exchange rate of
World stocks set to end the week at all-time highs
World stocks hit record highs, having gained 11 percent so far this year, and the dollar recovered more ground on Friday as upbeat