Naira Closes Lower Despite Intervention, N365/$ The Nigerian Naira closed lower against the United States dollar on the parallel market on Monday, despite the Central Bank...
Forex Weekly Outlook July 31- August 4 The US economic data showed the economy is healthy and expanded 2.6 percent in the second quarter. However, the...
CBN Sells $462m to Boost Forex Market In an effort to further boost business activities, the Central Bank of Nigeria on Friday sold another $462,336,426.74 to...
Fed Says Balance-Sheet Unwind to Start ‘Relatively Soon’ Federal Reserve officials said they would begin running off their $4.5 trillion balance sheet “relatively soon” and left...
Euro’s Rally Is Looking Extreme When You Examine the Technicals While it may not be apparent at first glance, the euro is beginning to show signs...
Dollar Drops, Asia Shares Jump While Europe Swings The dollar sank and Treasuries climbed after the Federal Reserve signaled that inflation remains persistently below its target...
ECB’s Mersch Says Stimulus Still Needed to Bolster Reflation The European Central Bank can be more “assured” about meeting its inflation goal, but it’s still too...
Pound Holds Two-Day Gain Before BOE’s Haldane Speech, GDP Data The pound held a two-day gain versus the dollar as investors waited to see if Bank...
Naira Gains on Dollar at Parallel Market The Naira on Monday regained strength against the dollar at the parallel market. The Nigerian currency gained one point...
Pound Rises 2nd Day Even as IMF Downgrades U.K. Growth Forecast The pound advanced for a second day versus the dollar as investors looked past the...
