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Gold climbs to over two-week high on safe-haven demand; Trump’s policies in focus
02 Jan 2025 22:28 GMT
… ,” Fawad Razaqzada, market analyst at Forex.com said, adding that a … his proposed tariffs and protectionist policies expected to be inflationary and …
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Naira defies CBN’s forex reforms, tumbled 41% in 2024
02 Jan 2025 01:38 GMT
The official exchange rate between the naira and the United States dollar ended in 2024 at N1,535/$, an analysis of data from the Central Bank of Nigeria has shown.
This was a 40.9 per cent depreciation over the year when compared to the official rate …
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Warri refinery revival will reduce pressure on forex - Delta senator
01 Jan 2025 17:22 GMT
The lawmaker representing Delta Central Senatorial District in the National Assembly, Ede Dafinone, has applauded President Bola Tinubu for the resuscitation and commencement of operations by the Warri Refinery and Petrochemical Company.
Dafinone, in a New …
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China tightens crypto trade oversight with new forex rules
01 Jan 2025 11:09 GMT
… must monitor and report risky forex trading activities. This includes cross … to circumvent the country’s forex rules through crypto under the … country could move fast on policies if it wanted to. He …
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How high fares, forex, others threatened aviation sector in 2024
01 Jan 2025 07:54 GMT
… ’s monetary authorities as a policy thrust of the Bola Tinubu … , Capt. Ado Sanusi said, “The forex issue has affected those that …
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Forex woes, labour strife and political decisions
01 Jan 2025 04:24 GMT
… challenges, tragedy, and critical policy changes as several events captured … the Government resumed the EximBank forex window for essential imports. … market due to limited official forex access.
Separately, Imbert announced …
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Cenbank introduces forex intervention strategy, eyes greater exchange rate flexibility
31 Dec 2024 16:57 GMT
The Bangladesh Bank has outlined a foreign exchange intervention strategy to support the new exchange rate regime of a crawling peg with a band as a step towards a more flexible exchange rate.
According to a new guideline issued today (31 December), the …
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How was 2024 for the forex industry and how do you foresee 2025?
31 Dec 2024 11:54 GMT
… be more turbulent for the forex market where major currency … , the foreign exchange market forex is likely to remain as … because of various other aspects. Policy decisions by central banks, … demonstrate a strong demand for forex services, making 2024 one …
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CBN, ministry chart way forward for increased exports to boost forex inflows
31 Dec 2024 00:47 GMT
The of Industry, Trade and Investment is teaming up with the Central Bank of Nigeria (CBN) to promote clement exporting environment to suit local manufacturing needs.
The Ministry is also working on other regulatory measures with other relevant …
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USD / CAD - Forex Summary
30 Dec 2024 18:22 GMT
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A comprehensive overview of the Forex market for Monday, December 30 … volatility for the
2 Monetary Policies:
- The U.S. … a significant shift in BoE policy or better-than-expected economic … CAD and AUD.
Summary
The forex market today is characterized by …