The yen plumbed a 2-1/2 year low against the dollar on Monday, grabbing the Asian spotlight amid subdued trading for the region’s stock markets, with the focus on Japan’s central bank as it faced unrelenting political pressure to deliver bold stimulus. Prime Minister Shinzo Abe on Sunday said the Bank […]
Tag: US Dollar
Naira Weakens on Dollar Sales Suspension, Extends Week’s Drop
Nigeria’s naira declined, extending this week’s retreat, as the Central Bank of Nigeria’s suspension of foreign-exchange auctions curbed demand for the currency. The currency of Africa’s biggest oil producer slipped 0.3 percent to 156.7 per dollar on the interbank market as of 2:30 p.m. in Lagos, the commercial capital. The […]
Dollar rallies on fear of more budget fights
The dollar climbed to a three-week high against a basket of currencies on Thursday as concerns about more budget wrangling in Washington drove investors to the more liquid U.S. currency. While lawmakers reached a deal to avert the “fiscal cliff” of huge tax hikes and spending cuts, the agreement set […]
