- 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.
South Africa Rand Slips as Geopolitical Twist Favours US Dollar South African Rand slipped against…
The naira depreciated by N7.52 kobo per US dollar in the foreign exchange (forex) market…
South African rand opens firmer on Tuesday ahead of net and gross reserves updates from the central bank.
The naira rose against the US dollar at the Nigerian foreign exchange market (NFEM) amidst reduced interbank FX turnover
The South African rand is marginally weaker against the US dollar on Monday as markets price
The FX spread, or the exchange rate gap between the naira spot rates in the official and informal segments