Dollar rises on firmer U.S. yields; yuan struggles
The dollar edged higher on Tuesday as firmer U.S. Treasury yields encouraged investors to buy the greenback after a recent drop with investors growing more bullish about its short-term outlook, especially against emerging market currencies.
Dollar rally moves to Asia after US data but stocks tumble
The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.
What is Nigeria celebrating at 58?
Today, as always, at this time of the year, Nigerians from every tribe and tongue, join their compatriots scattered all over the world to mark the anniversary of Nigeria’s independence from colonial Britain in 1960. And as it is usual for many Nigerians, it is a day of pomp and celebration from official quarters; one…
Sri Lanka restricts car imports as currency crashes
Sri Lanka announced a raft of restrictions Saturday in a bid to slow down imports of cars and luxury goods as the country faces a foreign exchange shortage. The finance ministry banned the import of vehicles for all state institutions for one year and said public servants will not be allowed to import cars at…
Indian rupee plunges to new low against the dollar
India's rupee hit fresh lows against the dollar Wednesday as emerging market currencies continue to be sold off.
Asia markets rally as China's yuan defies Trump dollar warning
Asian markets advanced Friday, with Shanghai gaining two percent as China's weak yuan currency defied US President Donald Trump's criticism of a strong dollar and Fed rate hikes.
Dollar cure for European stocks summertime blues
Gains by the dollar in the wake of the Federal Reserve chief expressing confidence in the US economy despite global trade war fears helped push European stocks higher on Wednesday.
Dollar drops as Trump tariff decision looms
The euro recovered slightly against the dollar on Friday after a slump triggered by the European Central Bank saying it would hold off hiking interest rates at least for another year, while stock markets diverged ahead of US President Donald Trump's decision on whether to hit China with fresh tariffs.
Dollar picks up ahead of Fed but stocks mostly retreat
The dollar extended gains against its peers in Asian trade Wednesday as investors await a key Federal Reserve decision later in the day, but most equity markets dipped.