The dollar strengthened towards 100 yen on Monday and shares rose after the G20 accepted Japan’s bold stimulus policies, helping to counter the gloom over the global growth outlook. In a communiqué after a two-day meeting, the G20 said it would be “mindful” of possible side effects from extended periods […]
Tag: Dollar
Nigerian Naira Falls 1st Time in 5 Days on Demand Before Auction
Nigeria’s naira retreated for the first time in five days as as demand for dollars increased before the central bank’s first foreign-exchange auction of the week. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 157.60 per dollar as of 12:36 p.m. in Lagos, the commercial capital, its […]
Naira Advances to Week High as Central Bank Bolsters Reserves
The naira climbed the most in more than a week against the dollar on speculation that the central bank will continue to support the currency by dipping into its rising foreign reserves. The currency of Africa’s biggest oil producer advanced as much as 0.2 percent, before trading 0.1 percent stronger […]
