9 Feb 2021
Stock markets posted mixed results, the dollar retreated and oil steadied Tuesday, while bitcoin closed in on $50,000 for the first time as investors reacted to US stimulus and Covid vaccine developments.
28 Jan 2021
The dollar extended gains against most currencies on Thursday as a stock market rout triggered by concerns about excessive valuations boosted safe-harbour demand for the U.S. currency.
30 Dec 2020
The Naira has recently sunk to a four-year low against the US Dollar, as the country’s central bank has weakened the national currency for the third time in 2020. However, there are reports that it could rise again early in the next year.
8 Sep 2020
Sterling sank close to a one-month low against the dollar low on Tuesday as investors fretted over heightened Brexit tensions before crunch trade talks between London and Brussels.
4 Sep 2020
The U.S. dollar consolidated gains on Friday but was set for its biggest weekly rise in nearly four months as an overnight plunge in high-flying U.S. technology stocks fuelled a bout of risk aversion in global markets.
1 Sep 2020
Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows.
31 Aug 2020
What appears like a gradual easing of the naira started at the weekend as the parallel market operators started dumping dollars ahead of the resumption of sale of foreign exchange (FX)
31 Aug 2020
In a situation that appears worse than that of 2016, multinationals and local firms that depend on foreign exchange for operations are reappraising their business continuity plans in Nigeria owing to “unfavourable regulations, currency devaluation and scarcity of the Greenback” for importation and backward integration. With lower incomes and rising unemployment aggravated by the COVID-19…
26 Aug 2020
The dollar and the euro traded cautiously on Wednesday as investors refrained from taking risky bets a day ahead of a key speech by Federal Reserve Chairman Jerome Powell.
13 Aug 2020
Worried by the operational challenges in the COVID-19 era, ground handlers and stakeholders have rallied airlines to the right pricing mechanism and service payment in dollars.
12 Aug 2020
The dollar inched ahead on Wednesday, as a jump in U.S. yields pushed it higher against the Japanese yen, while the kiwi briefly hit a one-month low after the central bank extended its bond-buying programme.
5 Aug 2020
The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan, as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy.