Ghanaian Cedi Declines By 64% This Year.
The Ghanaian cedi has fallen by a staggering 64.45% against the US dollar. The USD/GHS exchange rate was 9.9495. Despite…
Category: Currency
Dollar Declines, Prior To Important U.S. Inflation Statistics.
Market anticipation that the Federal Reserve will ease up on interest rate, increases when inflation peaks have caused recent dollar gains to…
British Pound Declined When Compared To US Dollar.
The last time sterling hit $1.141 was during Margaret Thatcher’s administration in 1985, when it fell as much as 1%.…
Currency In Circulation Decreases To N3.24 trillion
Currency in circulation refers to the amount of cash–in the form of paper notes or coin within a country; that…
Naira Falls To N705/$ At Black Market.
On Tuesday, August 30, 2022, the Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again. This is…
Dollar Scarcity: Manufacturer’s Panic.
Fear of a dollar shortage has driven manufacturers to front-load their inventory requirements. Therefore, creating the illusion of economic growth…
Sterling Maintains Stable Value Against Dollar.
Sterling was steady against the dollar holding above a 2-1/2 year low touched a day earlier after data added to…
Sterling Struggles As Inflation Outlook Sours Mood.
The British pound weakened against the dollar after policy minutes from the Federal Reserve boosted the U.S. Currency and traders…
Dutch Detain Suspected Developer Of Crypto Mixer Tornado Cash
Dutch authorities said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado…
Sterling Falls Vs Dollar As Focus Turns To UK Data.
The British pound fell against a broadly stronger dollar at the start of a week where traders and the Bank…
Sterling slumps 0.5% vs euro ahead of UK GDP data.
Sterling fell against the euro a day ahead of gross domestic product (GDP) figures which are to show further signs…
Binance Says It Is Winning Crypto Clients Thanks To Inflation.
Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation; and a historically strong…
Asian Currency Bears Retreat As Inflation View Improves.
Bearish bets on emerging Asian currencies eased on hopes that monetary tightening will cool red-hot inflation; with short bets on…
Nervous Calm As Dollar Prepares For Inflation Test.
Major currencies held steady, with traders cautious about placing large bets ahead of U.S. inflation data, which markets will scrutinise…
If Recession Concerns Subside, The Canadian Dollar May Increase.
Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as the…
Dollar Dips As Investors Parse Fed Hints On Rate Hikes.
The U.S. dollar edged lower but held on to most of the previous day’s gains, after leaping on Federal Reserve…
Why So Many Nigerians Lose Money In Currency Trading.
The international foreign exchange market is the biggest financial market in the world, with a daily trading volume estimated to…
Exchange Rate Falls Further To N718/$1 At Black Market.
Naira has depreciated to a record low at the black market after the local currency closed trading at N718/$1. This…
Nigerians Run To Crypto Amid Falling Naira, Bitcoin P2P Trading Surge By 258% In 7 Days.
Many Nigerians are hedging against collapsing local currency by amassing dollar-denominated digital assets, in particular stablecoins and bitcoins. Thereby causing…
Central African Republic’s Digital Coin Finds Few Buyers.
The sale of Central African Republic’s first digital coin got off to a slow start; with just over 5% of…
Cryptoverse: Venture Capitalists Bet Big On Crypto.
It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring…
Zimbabwe State Workers Plan Strike To Demand Pay In Dollars, Due to Fall In Local Currency
Government employees in Zimbabwe will strike for two days,next week to press for their salaries to be paid in dollars.…
Ghanaian cedi has lost 22% against the US dollar since the start of 2022
The Ghanaian cedi came under pressure after racking up a whopping loss of 22.44% against the US dollar. This comes…
Euro Rises Despite French Election As Dollar Retreats
Euro rose on Monday despite French President Emmanuel Macron losing an absolute majority in the country’s parliamentary election. As the…