Thursday, May 2, 2024
MARKET UPDATE
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Tag "dollar"

US oil ignores dollar strength, hits highest level in 7 months

    US oil ignores dollar strength, hits highest level in 7 months

The inverse correlation between the US dollar and oil seems to have been ignored in recent days. Although the dollar appreciated by more than 2.7% against a basket of currencies

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Brexit commotions heighten Sterling sensitivity

    Brexit commotions heighten Sterling sensitivity

The Sterling was catapulted onto an unpredictable path during trading this month as the intensifying Brexit debate heightened currency sensitivity which consequently left prices vulnerable to sharp swings. Explosive bursts

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Naira strengthens further, trades at N340/$1

    Naira strengthens further, trades at N340/$1

The naira on Wednesday appreciated further against the dollar at the parallel market, trading between N340 and N341 to a dollar at the close of trading, from N345 it exchanged

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Naira slightly recovers, trades at N345/$1

    Naira slightly recovers, trades at N345/$1

The naira appreciated by 4.4 per cent against the dollar at the parallel market on Monday, gaining N16 from its Friday rate. The nation’s currency exchange at N345 to a

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EXTRA: Naira trading at 197, 285 and 363 to $1

  EXTRA: Naira trading at 197, 285 and 363 to $1

The Nigerian national currency is currently trading at 197, 285 and 363 to the dollar at three different markets across the nation.

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Increase in PMS price crashes naira to N345/$1

  Increase in PMS price crashes naira to N345/$1

The Nigerian naira suffered a setback on Thursday, crashing to N345 against the dollar, following the federal government’s decision to

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Sterling bears eye manufacturing data

  Sterling bears eye manufacturing data

The Sterling swiftly retreated across the board during trading this week as the toxic cocktail of tepid domestic data and

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Naira UNCHANGED after signing of budget

  Naira UNCHANGED after signing of budget

The Nigerian naira failed to respond to the euphoria that came with the signing of the 2016 budget by President

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Dollar bulls display courage ahead of NFP

The Dollar Index staged an incredible bounce with prices smashing through 93.50 during trading on Thursday as expectations grew over

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Naira falls sharply as FG says no yuan deal yet

  Naira falls sharply as FG says no yuan deal yet

The naira took a downward swing on Thursday after federal government’s disclosure that there was “no yuan swap” deal signed by Nigeria

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