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FX Market
South African rand (ZAR) trades strongly against the US dollar and other Western…
The naira slid by ₦1.30 to ₦1,363.85 at the Nigerian foreign exchange market …
The rand is firmer against crosses, including the dollar (USD), the Euro (EUR) , and the British pound (GBP),
The Nigerian naira firmed to ₦1,362.5543 per US dollar at the official window on Tuesday, as forex supply eclipsed international payment requests.
South African rand weakened against crosses in the forex market on Tuesday as global market dynamics continue to favour the dominant currency, the US dollar.
The naira rose against the US dollar at the Nigerian Foreign Exchange Market (NFEM) amidst a 132% surge in forex market turnover, reflecting increased trading activities at the official window.
The naira gained about 4.7% in the last seven months, supported by the Central Bank of Nigeria….