Rand Poised to Surge If Zuma Loses Secret No-Confidence Ballot The South African rand could surge if President Jacob Zuma is ousted by a motion of...
Investors Jump Back Into the Euro as Going Short Proves ‘Lethal’ Hedge funds. Asset managers. Central banks. These are just some of the players in the...
Fed Officials Keen to Shrink Balance Sheet Despite Low Inflation Two Federal Reserve officials said soft U.S. inflation was a problem as they played down the...
CBN Boosts FX Market With $195m The Central Bank of Nigeria on Monday boosted the Foreign Exchange market by $195m intervention in three segments of the...
Oil Trades Near $49 Before OPEC Talks on Output Cut Compliance Oil traded near $49 a barrel before representatives of OPEC nations meet with their allies...
U.K. Economy Takes a Hit as Consumer Spending Slumps Further U.K. consumers cut back on spending for a third month in July, putting them in their...
Bitcoin continued its rally to a record high, even after miners announced they would be splitting. The cryptocurrency jumped 16 percent from Friday high to an...
Dollar Continues to Fall as Traders Await Job Report The US dollar declined for a third day against the euro single currency as investors await July’s...
Heat Escapes From the Aussie Dollar’s Rally This month’s Reserve Bank of Australia meeting was a lot more keenly watched than might be expected considering the...
Banks Now Offer Naira Quotes on Screens to Attract Dollar Holders Nigerian banks have started showing investors price quotes for the naira on their screens instead...