The U.S. dollar clambered to a 5-year peak against the yen in Asia on Friday, after upbeat U.S. retail sales data stoked expectations the U.S. Federal Reserve could start scaling back its massive bond buying stimulus as early as next week. The Fed will hold its last policy meeting of […]
Tag: US Dollar
Nigeria naira falls as dollar liquidity thins out
Nigeria’s naira eased against the U.S. dollar on the interbank market on Wednesday as importers started to lock-in their hard currency needs at favourable rates. The local currency closed at 160.35 to the dollar compared with Tuesday’s close of 159.8 naira. Traders said some importers took advantage of the increased […]
Nigerian naira weakens to fresh 20-month low
Nigeria’s naira weakened to a fresh 20-month low against the U.S. dollar on the interbank market on Friday, as direct central bank forex sales to lenders failed to meet demand, traders said. The naira closed at 164.1 to the dollar, compared with a 163.6 close on the previous day. The […]
