By Ryan Vlastelica The euro hit an 11-month high against the dollar on Monday as fading prospects of an interest rate cut in Europe bolstered demand, while world share markets ticked lower following recent gains. The common currency was up 0.2 percent at $1.3365, having hit a high of $1.3404 […]
Tag: Euro
Forex: CBN supplied $7.05bn in Q2
The Central Bank of Nigeria supplied a total of $7.05bn in foreign exchange in the second quarter of 2012, compared to $6.82bn offered in the first quarter, representing a decline of 3.37 per cent. The CBN, in a publication on Thursday, titled, “Developments in the external sector of the Nigerian […]
Whatever euro’s fate, Europe’s reputation savaged
Whether the euro lives or dies, the chaotic way Europe has tackled the crisis could undermine the region’s geopolitical clout for years to come and leave it at a distinct disadvantage in a rapidly changing world. With an apparently never-ending series of last-minute summits and telephone calls, Europe’s leaders and […]
