Asian markets fall, dollar rises as US rate fears return
Asian markets mostly fell with Wall Street while the dollar extended gains Wednesday as US interest rate worries resurfaced, while investors were also given a spook by North Korea's threat to pull out of a historic summit over US demands.
Dollar holds gains as Fed looms, Asia markets mostly drop
The dollar on Wednesday maintained most of its recent gains ahead of a key Federal Reserve policy announcement, while Asian equity markets struggled as investors returned from public holidays across the region.
Let’s stop reducing the girl-child to a dollar amount
There is no surprise that investing in girls and youth population will have a catalytic and multiplier effect. However, only a tiny fraction of international aid dollars is spent-and spent effectively-on needs specific to adolescent girls and youth population. In order to ensure money from various stakeholders are directed toward the development of the girl-child…
Dollar rises in Asia with Treasury yields, Japan exporters rally
The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan speculation of a sharp rise in interest rates, while most of Asia's major markets edged up after recent losses.
How U.S. swindles Nigerians in visa application fees
Though the Federal Government pegged the exchange rate at N305.25 to a dollar, the American Consulate in Nigeria exchanged N400 to a dollar in visa application fees for one fiscal year, until yesterday.
Diaspora dollar bond: Matters arising
On June 7, 2017, the Debt Management Office (DMO) issued a five-year US$300 million Diaspora Bond at a coupon rate of 5.625 percent. The bond was “targeted principally at Nigerian retail investors abroad, to provide them with the opportunity to contribute to national development…(thereby) opening a new source of financing for the Federal Government of…
Dollar up ahead of Fed minutes
The dollar continued its discreet recovery on Wednesday, lifted by expectations that the American central bank is shifting towards tightening monetary policy quickly, dealers said.
Dollar on back foot despite Fed signal on rate hikes
The dollar stumbled Thursday despite mounting expectations that the Federal Reserve will speed up interest rate hikes this year, dealers said.
Stock markets downbeat as dollar firms
Stock markets kicked off the week in lacklustre fashion on Monday as the dollar recovered some ground after slumping last week to three-year lows against the euro.
Dollar hits three-year euro low as ECB warns of forex volatility
The dollar sank to a three-year euro low Thursday after a top member of Donald Trump's cabinet talked down the currency, while European Central Bank chief Mario Draghi warned that exchange rate volatility was as "source of uncertainty."