USDCHF Heading Towards Parity The renewed interest in the U.S. assets amid growing uncertainty in the Euro-area and fall in global commodity prices, that undermines emerging...
RBA Holds Rates Amid Plunge in Iron Ore Prices The Reserve Bank of Australia left interest rates unchanged on Tuesday following fall in global iron ore...
‘Lagos Controls Over 90% of Nigeria’s Forex Inflows’ The Lagos State Government has said it controls over 90 per cent of foreign exchange inflows into the...
Forex Weekly Outlook October 2-6 The US dollar rebounded last week after Janet Yellen said gradual interest rate hike is appropriate at a time of high...
CBN Intervenes With Fresh $308.5m The Central Bank of Nigeria on Friday injected another $308.5 million into the foreign exchange market. The intervention was to ensure...
AUDUSD on the Move Following Drop in Commodity Prices As explained in the forex weekly outlook, a break below the ascending trend line will reinforce sellers’...
U.S. Economy Grew Slightly Better Than Reported in 2Q The U.S. economy expanded slightly than previously estimated in the second quarter. According to the Commerce Department,...
Rate Hike Indicates Healing Economy, Haldane Says Bank of England’s chief economist, Andy Haldane said an interest-rate increase should be seen as good news for the...
Interest Rate: Dollar Gains After Yellen Boosts Expectations The U.S. dollar climbed higher after Janet Yellen, the Federal Reserve Chair, validated other policy-makers predictions for an...
Naira Gains Marginally, Closes at N366/$ The Naira appreciated slightly on Monday after trading at N369 for two weeks. The local currency gained N3 from N369...