Dollar Scarcity: Demand Overwhelms Travelex Dollar scarcity has been linked to the inability of Travelex, the sole dollar distributor appointed by the Central Bank of Nigeria...
Naira Inches to N280 Per US Dollar The Nigerian currency, the Naira is inching towards the N280 to the dollar opening rate at the Financial Markets...
Naira to Continue Gain on Dollar Supply to BDCs The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of...
Forex Weekly Outlook October 17-21 The US dollar gained against most of its counterparts last week, despite the consumer confidence index (87.9) falling to a year...
Deutsche Bank Sees Yuan Falling 17% as Capital Outflows Quicken The yuan will weaken 17 percent over the next two years as government efforts to cool...
Fed Minutes Suggest Yellen Made the Difference in ‘Close Call’ Divided in their views over the labor market, most Federal Reserve officials last month ultimately listened...
Prosecutor Says Open to Review of Gordhan Charges The rand strengthened the most in more than two weeks after the head of South Africa’s National Prosecuting...
China Weakens Yuan for Sixth Straight Day China’s central bank guided the yuan lower Wednesday for the sixth trading session in a row, its longest losing...
Pound Rises as May Eases Brexit Angst The pound rallied after Prime Minister Theresa May accepted that Parliament should be allowed to vote on her Brexit...
Australia Sells A$7.6 Billion of 30-Year Bonds in Record Deal Australia’s government sold its biggest-ever bond, raising A$7.6 billion ($5.8 billion) in its first ever offering...