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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 Nigerian naira extends momentum against the US dollar for the fourth day…
South African Rand (ZAR) firmed up on Thursday as markets price in a monetary policy rate …
The naira rose against the US dollar at the official window as interbank FX activities increased sharply, according to data released by the Central Bank of Nigeria (CBN).
South African Rand Firms Up Slightly Ahead of Rate Decision The South African rand (ZAR)…
The naira gained against the US dollar at the Nigerian foreign exchange market (NFEM) amidst growing optimism about the nation’s expanding gross external reserves.
South African Rand Firmer as Risk Sentiment Improves The South African Rand (ZAR) is trading…