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 […]
Tag: Dollar
Asian shares, dollar, oil dip as U.S. shutdown drags on
Asian shares, oil prices and the dollar came under pressure on Monday as politicians in Washington showed no signs of making progress to resolve the U.S. budget standoff, while safe-haven gold inched higher. Financial bookmakers expected European shares .FTSE .GDAXI .FCHI to follow Asia lower and open down between 0.4 […]
Insight: Pre-electoral feuding threatens Nigeria’s economy
In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss. The bank found tens of billions of naira was traded for dollars in […]
