Problematic Dollar causes strong Euro, says Saravelos
George Saravelos, global co-head of FX research at Deutsche Bank, discusses the rise of a strong euro resulting from a questionable dollar in 2018 and what it could mean for the European Central Bank.
Aberdeen's Athey Says U.S. Dollar Is Oversold
James Athey, the senior investment manager at Aberdeen Asset Management, discusses his top calls for a volatile market.
Naira gains in parallel market
Nigeria's foreign exchange market has continued on a path of rates convergence as the naira is currently trading at around three-hundred and sixty-five to the dollar.
Nigeria central bank floods forex market with dollars
Nigeria's Central Bank continues to flood the foreign exchange market with dollars. Yesterday the apex bank sold 483 million dollars to improve dollar liquidity.
Naira weakens despite CBNs moves
Despite the moves by the Central Bank of Nigeria to improve dollar liquidity, the naira weakened against the dollar at the parallel market on Wednesday to about 398 naira to the dollar.
CBN to sell dollars to fuel importers, airlines
The Central Bank of Nigeria plans to offer dollar forwards to be delivered within two months, in a bid to offset the backlog of matured forex obligations to fuel importers, manufacturers and airlines.
CBN to sell dollars to consumers at N360
The Central Bank of Nigeria says it will sell dollars to private individuals at 360 naira per dollar, as the naira continues to appreciate on the parallel market.
Naira extends gains on parallel market
Nigeria's currency, the naira continues to strengthen in the parallel market trading at 445 to the dollar as the central bank continues its intervention in the official foreign exchange market.