Nigeria’s naira closed broadly flat against the U.S dollar on the interbank market on Monday as two multinational oil companies sold about $107 million to some lenders. The unit ended flat at 161.48 naira to the greenback on the interbank, after weakening to 162 naira during intra-day trade. It closed […]
Tag: US Dollar
Naira Heads for 3-Week Low Before Central Bank Sale: Lagos Mover
Nigeria’s naira headed for its weakest level against the dollar since July 23 as demand increased before the central bank’s second foreign-exchange auction of the week. The currency of the continent’s biggest crude producer retreated 0.2 percent to 160.85 per dollar as of 1:02 p.m. in Lagos, the commercial capital, […]
Dollar dips vs euro before Bernanke testimony; yen weakens
The U.S. dollar fell against the euro on Tuesday after comments from Federal Reserve officials dented expectations the U.S. central bank may taper its bond purchases anytime soon. But the dollar rose against the yen, a day before the Bank of Japan concludes a two-day policy meeting. Traders widely expect […]
