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FX Market
The South African rand is marginally weaker against the US dollar on Monday as markets price
Naira bulls at the Brroastreet have maintained a positive outlook on the exchange rate amidst geopolitical dislocation that has pushed oil prices above $110 on Monday.
The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a drive toward safer assets.
The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.
Naira Strengthens by N8.46 Against the US Dollar The Naira exchange rate improved versus the…
Naira Climbs as International Payments Ease as Imports Slow The naira strengthened across both exchange…
The British pound (GBPUSD) fell to 1.33 against the US dollar, the lowest since December 2025, as the UK economy