The dollar and euro rose to five-year highs against the yen on Friday, driven by upbeat U.S. data before the Federal Reserve’s meeting next week and dwindling excess cash in the euro zone banking system. The yen also slumped to a three-decade low against the Swiss franc, with some attributing […]
Uncategorized
Currency in circulation hits N1.571tr, up 9.78%
The Central Bank of Nigeria (CBN), on Thursday reported a 9.78 per cent growth in currency revolving around the nation’s economy, as currency-in-circulation stood at N1.571 trillion at the end of November, 2013. According to the CBN data published on its website, the figure represented an increase of N140.07 billion […]
Dollar scales 5-yr peak against yen as markets brace for Fed meeting
The U.S. dollar clambered to a 5-year peak against the yen in Asia on Friday, after upbeat U.S. retail sales data stoked expectations the U.S. Federal Reserve could start scaling back its massive bond buying stimulus as early as next week. The Fed will hold its last policy meeting of […]
