Zimbabwean dollar continues to lose ground against USD
The Zimbabwe dollar (ZWL) on Tuesday dropped to 63.7442 to the U.S. dollar from 57.3582, as the country’s central bank introduced the foreign exchange auction system for the second week.
How speculators undermine efforts to sustain naira stability
The introduction of several forex management measures side-by-side with complementary interventions in food production and manufacturing have drastically reduced food importation
Gold shoots to seven-year peak on weaker dollar
Gold struck a seven-year pinnacle above $1,700 an ounce Tuesday as massive Fed stimulus floods markets with dollars, weakening the greenback and sending investors running to the precious metal, analysts said.
Naira to trade at N380 per dollar
The Central Bank of Nigeria (CBN) has directed bureau de change (BDC) operators in the country not sell the United States (US) dollars higher than N380 to end users.
Dollar steady, yuan firms as U.S.-China trade talks spur caution
The dollar found support on Tuesday while investors awaited the outcome from crucial Sino-U.S. trade talks in Washington, with many staying cautious as neither side has shown signs of giving ground at the negotiations.
Dollar perched at 7-week highs vs yen before Fed decision
The dollar held near a seven-week high against the Japanese yen on Wednesday before the outcome of a Federal Reserve meeting where officials are widely expected to cut interest rates by a quarter of a percentage point.
Dollar firm as markets wary over rising MidEast tensions, wait for Fed
The dollar stood tall against other major currencies on Tuesday as geopolitical risks encouraged investors to flock to the relative safe-appeal of the greenback before a U.S. central bank policy meeting this week, where a rate cut is widely expected.
That forex restriction on food import
When he gave the open directive to the Central Bank of Nigeria (CBN) not to “give a cent to anybody to import food into the country,” President Muhammadu Buhari thereby served notice...
US doesn't have a 'tariff problem', it has 'a Fed problem': Trump
President Donald Trump on Friday denied his trade wars were harming the US economy, instead of blaming the Federal Reserve for allowing a strong dollar to make American exports less competitive.