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Gold Gains As Dollar Slips After Dovish Fed
Gold prices rose on Thursday as the dollar weakened after the U.S. Federal Reserve decided to keep interest rates…
WEEKAHEAD-AFRICA-FX-Kenyan, Nigerian Currencies Seen Range-Bound
Kenya’s and Nigeria’s currencies are expected to trade within existing ranges in the coming week, analysts and…
Dollar Left Defenseless By Dovish Fed, Euro Muscles Higher
The dollar was on the defensive near nine-week lows on Thursday as a decidedly dovish outlook from the U.S. Federal…
Turkey’s Central Banker To Weigh Up Inflation After Lira Slump
Turkey’s new central bank Governor Sahap Kavcioglu is expected to raise inflation forecasts on Thursday after his…
Government Money Seen Powering U.S. Economy In First Quarter
U.S. economic growth likely accelerated in the first quarter, fueled by massive government aid to households and…
HSBC Says Bank Of England To ‘Taper’ In May
HSBC have become the latest UK lender to predict the Bank of England will begin the process of tightening UK…
Biden To Unveil $1.8 Trillion Plan For Children And Families – Here’s What’s…
President Joe Biden on Wednesday will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward…
Dollar Pins Hopes On Fed, Biden For Ending Month-Long Decline
The dollar is set to take its cues from the U.S. Federal Reserve's policy statement and a speech by President Joe…
Decline In FX Demand Fortifies Naira By 0.10% At I&E
The Naira closed stronger against the United States Dollar at the Investors and Exporters (I&E)…
The Great Exit: Central Banks Line Up To Taper Emergency Stimulus
The Bank of Canada set the taper ball rolling last week, becoming the first major central bank to cut…
UPDATE 1-Bank Of Canada Says It Is Expecting Strong Growth In Second Half Of 2021
The Bank of Canada is expecting strong consumption-led growth in the second half of the year as vaccinations…
How Palladium Became A Really, Really Precious Metal
Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to records…
Rising Inflation In India Risks Central Bank’s Monetary Easing
The world’s worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the…
Will The Fed Snap The Dollar’s Recovery?
After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal…
Dogecoin Price Sky Rockets After Elon Musk Calls Himself ‘The Dogefather’
The price of dogecoin has shot up after technology billionaire Elon Musk referred to himself as “The Dogefather”.…
Weak Fiscal Space Putting Pressure On Monetary Policy
A member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), Prof. Mike Obadan, has said the…
Dollar Near Multi-Week Lows Before Fed, Yen Unmoved After BOJ
The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields ahead of…
Top Global Central Banks Close Three-Month Dollar Cash Tap
The central banks of the the euro zone, Britain, Japan and Switzerland said on Friday they would discountinue a…
Bitcoin Price Crash: Half A Trillion Dollars Wiped From Crypto Market As Btc Falls…
The price of bitcoin has plummeted $15,000 from its recent all-time high, falling below $50,000 for the first time…
China’s Booming Economy Is Fueling Alternative Yuan Trades
Optimism over China’s economy is fueling some alternative bets in the foreign-exchange market.
Buy the yuan…
UK Borrows 303 Billion Pounds In 2020/21 Financial Year
Britain’s government borrowed 303.1 billion pounds ($420.1 billion) in the financial year which ended last month,…
Top Forecaster Sees Aussie Rising To 85 U.S. Cents By Next Year
Australian one hundred dollar and fifty dollar banknotes are arranged for a photograph in Sydney, Australia, on…
C$ Posts Biggest Gain In 10 Months As Bank Of Canada Cuts Stimulus
The Canadian dollar surged by the most since June 2020 against its U.S. counterpart on Wednesday and the Toronto…
Used-Car Prices Leap On U.S. Economic Recovery, Supply Crunch
Used car prices in the U.S. are soaring.
The Manheim U.S. Used Vehicle Value Index, a gauge of pricing trends,…
Dollar Ban For Wheat Purchases May Add To Nigeria Food Scarcity
Nigeria’s plans to expand restrictions on dollar access for imports to now also include sugar and wheat could…
Pound-Dollar To Extend Gains To 1.45 By June 2021 Day NAB
The British Pound to Dollar (GBP/USD) is forecast at 1.4500 for June 2021 and 1.50 for December.
Foreign…
Dollar Struggles To Recover After Slump To 7-Week Trough Amid Lower U.S. Yields
The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the…
Sterling Holds Ground As UK Inflation Ticks Higher
"CPI isn't a story that will be driving sterling in the short term", said Jeremy Stretch, a foreign exchange…
NEWS WIRE Investing 9h Ago China’s Yuan Adds Renewed Momentum To Global Reflation…
China’s yuan is overvalued, and that could end up stoking global inflation.
The yuan ranks as the most…
HSBC: Buy The Euro, Sell The Pound As UK Good Vaccine News Priced In Say HSBC
Euro-to Pound (EUR/GBP) losses during the first quarter of 2021 were driven by the UK vaccine programme, but HSBC…