Dollar down despite Trump’s endorsement of strong greenback
Marcus Ashworth, a Bloomberg Gadfly columnist, discusses the dollar's decline and currencies on "Bloomberg Markets: European Close."
Apple expects to pay $38 Billion tax on repatriated cash
Apple said it will bring hundreds of billions of overseas dollars back to the U.S., pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centres in the coming years.
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.