Tag
DOLLAR
Bank of Canada's (BOC) interest rate hike has strengthened the Canadian dollar against the US greenback.
Following six consecutive weeks of gains, the dollar index was at 104.54, briefly crossing the 105 level on Friday.
Nairametrics took a cursory look at how the surging dollar could impact Nigeria’s economic prospects.
Bitcoin is declining towards levels previously seen in July 2021 as part of a larger retreat in almost all altcoins...
A stronger dollar is expected to force the naira to plunge below N600/$ due to the US Fed’s hawkish stance and the bullish momentum of the dollar index.
The yellow metal is down towards the end of the Asian trading session on Tuesday, after hitting the $2,000 mark during the previous New York session.
Despite the interest rate cut intended to moderate the Russian ruble's bullish momentum, the Russian currency has stabilized around the 80 dollar mark.
The greenback rose on Thursday as a lack of progress in peace talks between Russia and Ukraine increased demand for safe-haven currencies.
The U.S dollar is climbing against the safe-haven yen, reaching a five-year high on strong expectations that the U.S central bank will go hawkish.
Gold has traded an all-time high of $2,078.80, pushing its estimated market capitalization above the $13 trillion dollar mark for the first time ever.
Although the Naira's freefall observed last year appears to have come to an end, a glance at the previous era suggests that we should be concerned.
The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window.