Browsing: Dollar

Yuan Strengthens 6.7808 Against Dollar The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 46 pips…

The Nigerian naira appreciated to N1,343 against the US dollar on Tuesday, as the currency continued to gain momentum in the foreign exchange market.

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 firmed to ₦1,362.5543 per US dollar at the official window on Tuesday, as forex supply eclipsed international payment requests. 

The dollar index (DXY) fell more than 0.5% to around 100.7 on Tuesday after softer-than-expected US

The naira fell by N10 per US dollar in the Nigerian foreign exchange market (NFEM) on a week-on-week basis due to a liquidity shortfall.

The US dollar index (DXY) continued its upward trajectory, reaching 101.3 on Tuesday…

The US dollar climbed to its highest level in a year on Thursday after the Federal Reserve

The dollar comes under pressure on Wednesday amid a surge in U.S. inflation, buoyed by a global energy crisis. The US dollar index, which tracks the Greenback’s value against six major currencies, is down 0.1% to 99.8 on Wednesday as US inflation data surged to a three-year high.