© 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
© 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
© Reuters. The Nigerian Naira continued its downward trend against major currencies, hitting a record low on Monday. Despite the Central Bank of Nigeria’s (CBN) efforts to manage the currency value by floating it on June 14 and lifting forex restrictions on commodities, the Naira’s depreciation persisted. According to Aboki FX, the Naira started the
© Reuters. FILE PHOTO: A man counts Nigerian naira notes in a market place in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo ABUJA (Reuters) -Nigeria’s naira hit a record low of 980 per dollar on the official market on Tuesday, Refinitiv data showed, mirroring weakness on the parallel market, as persistent dollar shortages plague
© Reuters On Tuesday, the Kenyan shilling fell to a historic low against the US dollar, with the Central Bank of Kenya (CBK) quoting it at 149.27, an increase from Friday’s close of 149.20. This depreciation has driven up import costs and inflation, according to a CBK statement. The situation has resulted in higher prices
© Reuters. A man rides a bicycle past a sign directing to Ettadamen district, in Tunis, Tunisia June 24, 2022. Picture taken June 24, 2022. REUTERS/Jihed Abidellaoui By Jorgelina do Rosario LONDON (Reuters) – Tunisia reached a preliminary deal with the International Monetary Fund a year ago on a $1.9 billion loan programme, but 12
The amount of wealth in the United States is truly staggering, something the Q2 Fed household net worth underscores. Real estate values rose by $2.5 trillion in Q2 Stock market values rose by $2.6 trillion in Q2 Total non-financial debt rose at 6.3% annualized rate in Q2 Fed govt debt rose at 12.7% annualized rate
© Reuters. An employee counts Pakistani rupee notes at a bank in Peshawar, Pakistan August 22, 2023. REUTERS/Fayaz Aziz KARACHI, Pakistan (Reuters) – Pakistan’s rupee closed at 299.6 against the U.S. dollar on Wednesday in the interbank market, touching a record low for the second day in a row, central bank data showed. On Tuesday,
© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo KARACHI, Pakistan (Reuters) – fell 0.6% in the interbank market to a record low of 299 against the dollar on Tuesday, traders said. The rupee has continue
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, Nasdaq 100 Charts and Analysis FTSE 100 stabilises at support Following six consecutive days of falling prices, the FTSE 100 managed to find support between its March and July lows at 7,216 last week and is little changed on Monday morning as the
