* Dollar supported by expectations of Fed’s eventual exit from QE * Euro off low after euro zone PMI shows broad improvement * Yen broadly softer after improved global risk sentiment * Aussie falls after RBA says it is still high The dollar held firm near four-week highs against […]
Tag: FOREX
Sanusi Projects Mixed Outlook for Nigeria’s Forex Reserves
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, Tuesday restated that volatility of global oil prices and weak output performance in domestic economy are factors that may jeopardise Nigeria’s foreign exchanges reserves accretion. Nigeria’s forex reserves, which slipped marginally to $48.723 billion on Monday, […]
Nigerian Naira Heads for 2-Week High on Oil Industry Supply Bets
The naira gained for a third day and headed for its strongest in more than two weeks on speculation that Nigerian oil producers will sell dollars to meet month-end expenses before a currency auction today. The currency of Africa’s second-biggest economy rose less than 0.1 percent to 158.15 per dollar […]
