- Scottish Business Activity Falls Further in July, Employment Rises -Royal Bank
- AVA Capital: Investors in Search for Next Catalyst as Momentum Fades
- XRP Holds Position as Bank of Montreal Discloses Interest
- Binance Coin Tops $610 Ahead of BNB Chain Pasteur Hard Fork
- Cardano Price Dips Ahead of Wallet Provider SecondFi Liquidation
- Fitch Maintains U.S. Credit Rating at ‘AA+’ with Stable Outlook
- Oil Prices Rise 4% Week-on-Week on Renewed Supply Risk
- Tinubu Urges Nigerians Abroad to Invest in Nation’s Economy
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 naira experienced a soft rally that pushed the local currency value upward slight….
South African Rand Softens as Energy Crisis Stokes Inflation Concerns The South African rand is…
The Naira rallied, closing the trading week stronger on Friday, appreciating to N1,380.18 against the United States dollar at the official foreign exchange market.
The Nigerian local currency, the naira, rose against the US dollar (USD) at the official window on Thursday as the nation’s foreign reserves continue to move towards $52 billion.
Rand Firmer on Improved Investors’ Appetite for EM Currencies South African rand is trading slightly…
Naira Rises Against US Dollar as Interbank FX Trades Ease The naira appreciated against the…