Speculative attacks fuel Naira depreciation
The announcement of a currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreak havoc on the naira before the deal gets underway. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, led the Nigerian delegation to…
Tokyo stocks close higher as yen stays weak
Tokyo stocks closed higher Thursday as a cheaper yen helped boost market sentiment, with investors pursuing shares in companies expected to report brisk earnings.
Tokyo stocks open lower as yen strengthens
Tokyo stocks opened lower on Thursday as the yen hit a four-month high after the US treasury secretary hailed a "weak dollar" at the World Economic Forum in Davos.
Tokyo stocks close lower on stronger yen
Tokyo stocks closed lower on Wednesday as Japanese exporters were weighed by a stronger yen, a day after the key index closed at a 26-year high.
Dollar extends yen gains in Asia as Fed, BoJ diverge
The dollar built on gains against the yen Thursday after the Federal Reserve unveiled plans to wind down its crisis-era stimulus and hinted at another interest rate hike before the end of the year.
Tokyo stocks open higher on upbeat data, weak yen
Tokyo stocks opened higher Monday on upbeat Japanese data and a weaker yen, with the North Korea crisis in focus as the US pushes for a UN Security Council vote on tough new sanctions against the nuclear-armed state.
Dollar faces fresh pressure while most Asia markets edge up
The dollar suffered fresh losses on Monday, while Asian markets mostly rose as investors await a Federal Reserve policy meeting and the release of big-name earnings results.
Japan stocks jump on weak yen but Asia markets sink
Tokyo's Nikkei rallied Tuesday as the dollar extended gains against the yen on fresh indications the Federal Reserve will lift interest rates again this year, while technology firms tracked a sector rebound on Wall Street.