Browsing: USD
US Dollar Falls Ahead of Consumer Price Data The US dollar fell against its major trading partners early Wednesday, except…
US Dollar Falls Ahead of Fed Chair Jerome Powell’s Speech The US dollar fell against its major trading partners on…
The Nigerian naira reclaimed small of value it has lost in the currency market on Monday. The Nigerian naira closed the trading session on the positive on Monday, appreciated by 0.66% to #1476.12 per unit of US dollar at the autonomous FX market.
Nigeria’s foreign exchange crisis has gotten so bad that even the monetary authority’s currency injections have not been able to reverse the value of the naira. It was a fight to survival in the foreign exchange market where sustained demand for imports forced the Nigerian naira to descend for a kiss with the dragon, which caused the local currency to bleed.
The Nigerian local currency, the naira, registered a marginal gain against the US dollar in the forex market on Friday as FX scarcity pressures eased
The naira exchange rates diverged due to imbalance in the volume of foreign currency demanded and supplied in the forex markets. On one side, the naira recorded gain against the US dollar. At the other end, exchange rate worsened.
The Nigerian naira recorded market-wide gains resulting in a large drop in FX gap to N12 at the beginning of the week
The US dollar rose against its major trading partners early Wednesday ahead of the release of weekly Redbook same store sales ….
Naira Suffers over US Dollar Scarcity, GBP Crosses N2000 The Nigerian naira suffered further setbacks from regaining its strength as…
Global market prices of crude oil slid on Wednesday over sluggish growth in China …