The dollar rose against major currencies on Monday as growing concern Washington would fail to reach a last-minute deal to avert the “fiscal cliff” drove investors to the safe-haven U.S. currency. U.S. Senate Majority Leader Harry Reid said on Monday, ahead of a midnight deadline, that congressional negotiators still needed […]
Tag: Dollar
Nigeria’s Naira Snaps Three Days of Advances as Crude Declines
By Chris Kay/ Bloomberg The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 160.84 per dollar as of 2:57 p.m. on the interbank market in Lagos, […]
Nigeria naira up 0.75 pct as funds ready for Tbills
The Nigerian naira closed up 0.75 percent against the dollar on the interbank market on Friday, after a surge of dollar inflows from foreign investors positioning to buy treasury bills, dealers said. The unit closed at 160.90 naira at 1300 GMT, after opening at 160.69 naira on Friday, substantially up […]
