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FX Market
The South African rand traded relatively stable against the US dollar, euro, and British pound as investors continue to assess developments surrounding the reopening of the Strait of Hormuz while digesting softer US inflation data.
The Nigerian naira extended its momentum against the US dollar in the official foreign exchange market, driven by robust FX liquidity and easing demand for international payments.
The Nigerian naira strengthened against Western currencies, including the US dollar, at the foreign exchange market on Wednesday despite an increase in international payments.
The US dollar index (DXY) continued its upward trajectory, reaching 101.3 on Tuesday…
The South African Rand (ZAR) trades sideways against Western currencies- the US dollar, Euro and Sterling on Tuesday ahead of key economic data and a bond auction.
The Naira appreciated against the US dollar by about 0.10% to N1369 in the Nigerian foreign exchange market (NFEM) amidst growing external reserves.
US dollar inflows into Nigeria’s foreign exchange market declined by more than 26% to $689 million
The South African rand weakened against the US dollar and other crosses on Monday amid doubts
The FMDQ market showed strong performance for the week ending June 19, 2026, with total turnover