Dollar weakens as cautious Fed leads to rate-hike rethink
The dollar weakened against other major currencies on Thursday as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that a three-year rate-hiking cycle is nearing an end.
Dollar bulls wary after biggest weekly drop in 2 months
The dollar steadied on Monday after posting its biggest weekly drop in two months last week as investors grew cautious about the near-term outlook for the greenback after dovish comments by U.S. policymakers.
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.