New Zealand’s central bank said it still expects to cut interest rates to a fresh record low to revive inflation. “Interest rates are at multi-decade lows,...
Nigeria Steps up Naira-Yuan Swap Deal The lingering Naira-Yuan swap deal is set to be achieved as part of strategies to reduce the huge dollar demand...
Forex Weekly Outlook October 10-14 The US macro data showed remarkable improvement last week, with economic activity in the services sector rising as high as 57.1...
Travelex Sells Dollars at N356 to Travellers Travelex, an international money agent, has commenced sales of dollars directly to travellers on Friday. The company’s office at...
Following German Chancellor Angela Merkel’s claims yesterday that Britain could not remain in the single market unless it accepted free movement, the French President has agreed...
Two minutes of chaos in Asian trading sparked a plunge in the pound to a 31-year low, with traders saying the slump was exacerbated by computer-initiated...
Travelex to Commence Sales of Forex to BDCs Today Travelex, an international money transfer agent, will commence the sales of forex to the 3,000 registered Bureaux...
Dollar Rises on U.S. Rate Speculation The dollar climbed for a seventh day against the yen and held near a two-week high versus its major peers...
Forex Weekly Outlook October 3-7 The US dollar retreated against the Euro-single currency on Friday, after the Deutsche Bank was said to have reached an agreement...
As China’s yuan takes the first steps toward becoming a global reserve currency, Japan offers a lesson on how hard it is to rival the dollar’s...
