Dollar

The dollar extended gains against most currencies on Thursday as a stock market rout triggered by concerns about excessive valuations boosted safe-harbour demand for the U.S. currency.The euro nursed losses after a European…

South Sudan said it had reversed its plans to introduce a new currency as the pound continues to depreciate against the U.S. dollar and other major currencies due to the economic crisis. SEE ALSO: Kenyan Economist Roots for Adoption of…

The Naira on Monday gained N5 to close at N435 to the dollar at the parallel market in Lagos. SEE ALSO: Nigerians React as Naira Marley Flouts Social Distancing Rules, holds Concert in Abuja The Pound Sterling and the Euro closed at N575…

The dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data that will shed light on the strength of economic recovery from the coronavirus outbreak. SEE ALSO: Southern Kaduna: Show political will to tackle…

The Naira on Thursday gained one point to appreciates against the dollar at the parallel market in Lagos.The News Agency of Nigeria, (NAN) reports that the Naira exchanged at N439 to a dollar at the parallel market in Lagos,…

Barely 24 hours the Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the parallel market in Lagos. SEE ALSO: COVID-19: Kafanchan Residents Restock Homes as Transport Fares Rise…

The dollar inched ahead on Wednesday, as a jump in U.S. yields pushed it higher against the Japanese yen, while the kiwi briefly hit a one-month low after the central bank extended its bond-buying programme. SEE ALSO: 2020: China…

The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan. SEE ALSO: U.S. Stocks Sell off, 10-Year Government Yields Hit New Record Low This is as the latest coronavirus relief package stalled in Congress and U.S. yields…

The Naira on Monday gained marginally to the dollar at the Investors and Exporters (I &E) window closing at N389.25 to a dollar as against N389.50 posted on Friday. SEE ALSO: Obasanjo absent as Buhari names railway stations after…

Oil prices edged higher on Monday, helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China. SEE ALSO: UN Chief, Antonio Guterres…

The dollar crept off milestone lows against other majors, on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tensions kept currency markets cautious. SEE ALSO: ECOWAS Endorses Okonjo-Iweala for WTO DG,seeks Africa…

The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. SEE ALSO: Naira Marley Update: 10 People Aboard Controversial Flight Identified The Pound Sterling and the Euro…

The dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. SEE ALSO: Rally in Raw Materials Signals Economic Rebound…

Nigeria faces another major setback amidst the Covid-19 pandemic as the Naira plummets further to 450 naira per dollar in the parallel market on Friday, April 24, 2020.Popular foreign exchange rate reporting website, Aboki…

The Naira on Thursday gained marginally to the dollar at the parallel market in Lagos, exchanging at N358.5 to the dollar.The Pound Sterling and the Euro closed at N462 and N407, respectively.At the Bureau De Change (BDC) segment,…

The Naira on Monday traded at N359.3 to the dollar at the parallel market in Lagos.The Pound Sterling and the Euro closed at N463 and N407 respectively.At the Bureau De Change (BDC) segment, the naira exchanged at N360 to the…

The Naira mysteriously appreciated on Google Search yesterday, making one dollar equal to 184 Naira. This came as a shock to many Nigerians as the gain was too rapid to be true. Naira has been between 360 and 365 to a dollar for over three…

The dollar held at a near three-week high on Tuesday as investors sought the relative safety of the U.S. currency after the International Monetary Fund cut its forecasts for the world economy in 2019 and 2020.The dollar has…

The dollar held at a near three-week high on Tuesday as investors sought the relative safety of the U.S. currency after the International Monetary Fund cut its forecasts for the world economy in 2019 and 2020.The dollar has been…

The euro and the Japanese yen gained in thin trading on Monday as concerns about a partial U.S. government shutdown weighed on investor sentiment and the dollar.Although Chinese plans to cut tariffs on a range of goods helped to lift…

The dollar struggled to recover in Asian trade on Friday, hobbled by fresh speculation that a widely expected rate hike later this month could be the last before Federal Reserve hits the pause button on its tightening cycle.Investors…

The dollar was a tad firmer on Friday as markets nervously awaited the outcome of talks between the leaders of the world’s two biggest economies this weekend.The outcome of the meeting could determine whether trade tensions between U.S.…

The dollar weakened against other major currencies on Thursday as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that a three-year rate-hiking cycle is nearing an…

The dollar edged lower for a second consecutive day on Thursday as greater risk appetite board encouraged investors to sell the greenback after a recent rally.Indicators of risk in the currency markets such as the euro against the Swiss…

The naira on Wednesday gained 50 kobo to exchange at N361 to the dollar at the parallel market in Lagos.Buhari Accuses Kwankwaso of Diverting Kano Funds for his Presidential CampaignThe News Agency of Nigeria(NAN) reports that the…

The dollar rose on Thursday pulling further away from 2-1/2 week lows hit on Wednesday as the market breathed a sigh of relief after the U.S. midterm elections.Investors also turned their attention towards the Federal Reserve policy…

The dollar stuck to tight ranges against its major rivals on Tuesday as investors favoured caution ahead of U.S. mid-term elections later in the day.The U.S. congressional election is widely expected to boost the Democratic Party which…