© Reuters. The Nigerian Naira has continued its decline, hitting record lows in both the official and parallel foreign exchange markets. Amidst the ongoing currency crisis, Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso is expected to announce new monetary policies today at a Chartered Institute of Bankers of Nigeria (CIBN) event. The Naira
Share: During the Asian session, the Australian Westpac Leading Index is due, and RBA Governor Bullock is scheduled to speak again. Later in the day, the focus turns to US data ahead of the Thanksgiving holiday, which includes Jobless Claims, Durable Goods Orders, and the University of Michigan Consumer Sentiment survey. Here is
© Reuters. Investing.com – The U.S. dollar fell to a more than two-month low in early European trade Monday, adding to last week’s sharp losses on increased expectations that the Federal Reserve has completed its rate-hiking cycle. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other
© Reuters. A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -The Japanese yen was under pressure on Tuesday, as traders waited for important U.S. inflation data which could either provide some relief for the beleaguered currency or push the
© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade near record lows against the dollar over the coming months, according to a Reuters poll of FX strategists who also said
Share: AUD/USD recovers from 0.6318 to trade around 0.6330s, up 0.22%. US core PCE at 3.7% YoY, below August’s data, with general inflation at 3.4%, in line with forecasts. Australian inflation above 5%, increasing the likelihood of another RBA rate hike in the near term. AUD/USD bounces off daily lows reached at 0.6318
© Reuters. FILE PHOTO: A man counts Nigerian naira notes in a market place in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s naira is on the brink of breaching 1,000 per dollar after falling to an official record low of 999 last week, Refinitiv data showed, tracing
Article by IG Chief Market Analyst Chris Beauchamp FTSE 100, DAX 40, Dow Jones Analysis and Charts FTSE 100 testing 7400 The index managed to rebound on Tuesday, recovering some losses. For a low to be formed, we would need to see additional gains towards 7450, which might then bolster a near-term bullish view and
Japanese Yen, USD/JPY, US Dollar, BoJ, YCC, Federal Reserve, Crude Oil – Talking Points The Japanese Yen might need a change in Bank of Japan policy to support it Treasury yields remain robust after a small pullback as Fed policy moves into view If USD/JPY trades well above 150, volatility could accelerate Recommended by Daniel
The AUDUSD is in the midst of a down-and-up market today. The move to the downside did find support against the lows from yesterday near 0.62953 (and above the low from last week and 0.62858 too). The low price today reached 0.62967. The price rebound has moved up toward the high from the early Asian
