Browsing: Dollar

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.

The dollar index (DXY) hovered near 99.2 as investors assessed the latest developments in the Middle East and mixed signals over a possible US-Iran agreement that could end the war and reopen the Strait of Hormuz.

The US dollar climbed to its highest level in about a month on surging demand for safe havens as concerns over war-driven inflation intensified.

The Kenyan shilling (KES) gained strength against major crosses in the foreign exchange market last week, reflecting the absence of significant pressure on the local currency amidst growing diaspora remittances.

Dollar Strength Could Unwind if Oil Prices Fall Back – Fitch The strengthening of the dollar in the early weeks…