Naira Closes Higher at N363 to a Dollar Increased foreign exchange liquidity has started filtering through key economic sectors and prop up Naira value against the...
CBN Sustains Forex Intervention with $195m In continuation of its effort to sustain foreign exchange (forex) liquidity in the country, the Central Bank of Nigeria (CBN)...
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...
