Home » Archives by category » International Banks (Page 2)

Forex: Zambia’s Kwacha To Firm On Dollar Inflows, Kenyan Shilling Steady, Others

Forex: Zambia’s Kwacha To Firm On Dollar Inflows, Kenyan Shilling Steady, Others

The Zambian kwacha is expected to firm next week on increasing hard currency inflows, while the Kenyan shilling is likely to remain steady as the central bank intervenes to smooth out price volatility. Zambia The Zambian kwacha is likely to firm versus the dollar next week due to increasing hard currency supply ahead of an […]

China Sets Yuan Midpoint At Nine-month High As Dollar Weakens

China Sets Yuan Midpoint At Nine-month High As Dollar Weakens

China’s central bank set the yuan midpoint at 6.7307 per dollar on Thursday, the strongest level since October 2016, reflecting the dollar’s broad weakness in global markets. Thursday’s official guidance was 222 pips or 0.33 percent firmer than previous fix at 6.7529 per dollar. The move in the guidance was the biggest one-day strengthening in […]

China To Crack Down On Forex Irregularities

China To Crack Down On Forex Irregularities

China’s forex regulator said on Friday, that the Country will continue to crack down on foreign exchange irregularities in this second half, adding that support will be provided for domestic companies for their legitimate outbound investments. China will also safeguard and increase the value of the country’s forex reserves in the second half of this […]

Pound Skids To Nine-Month Low Against Euro As BoE Keeps Rates Unchanged

Pound Skids To Nine-Month Low Against Euro As BoE Keeps Rates Unchanged

UK’s Pound Sterling skidded almost 1 percent to a nine-month low against the euro on Thursday, after the Bank of England voted 6-2 to keep interest rates at their record lows and lowered its forecasts for growth, inflation and wages. BoE Governor Mark Carney and his top officials reiterated that they might raise borrowing costs […]

Dollar Struggles Ahead Of U.S. Jobs Report

Dollar Struggles Ahead Of U.S. Jobs Report

The US dollar struggled near a 2-1/2-year low against the euro and a seven-week trough versus the yen on Friday in the later in the session for potential relief. The greenback has been on the back foot through the week, weighed by largely uninspiring U.S. economic data which have added to uncertainty about the pace […]

Sterling Steadies Close To 10-month High Against Dollar

Sterling Steadies Close To 10-month High Against Dollar

The Pound Sterling steadied close to its highest levels in 10 months against the dollar on Friday on comments from the finance minister about a transitional leaving deal with the European Union. They soothed market fears that the country is set for a “hard Brexit”. Philip Hammond said on Friday that he wanted to avoid […]

Dollar Gains Ahead Of Federal Reserve Decision

Dollar Gains Ahead Of Federal Reserve Decision

The U.S. dollar ticked higher Wednesday as investors awaited the Federal Reserve’s latest policy decision. The WSJ Dollar Index, which measures the U.S. currency against 16 others, rose 0.1%, to 86.73. The Fed is widely expected to hold policy steady when it concludes its meeting at 2 p.m. EDT. The central bank won’t hold a […]

Foreign Investors Are Cashing In On An Emerging Market With A Booming Currency

Foreign Investors Are Cashing In On An Emerging Market With A Booming Currency

Things are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday. The Malaysian ringgit has been one of the best-performing currencies in the region this year, while domestic stocks have gained around 8 percent. In fact, the country’s brightening prospects received […]

Ghana Central Bank Cuts Interest Rates As Inflation Eases

Ghana Central Bank Cuts Interest Rates As Inflation Eases

Ghana’s central bank cut its benchmark interest rate by 150 basis points to 21.0 percent on Monday, citing a downward trend in consumer inflation and the potential for higher economic growth on increasing oil output. The cut, which economists had expected, reflected lower risks to inflation helped by a slightly stabler local currency, Central Bank […]

Foreign Reserves Hit $30.5bn On Rising Oil Prices

Foreign Reserves Hit $30.5bn On Rising Oil Prices

The nation’s foreign reserves reached $30.5 billion last week as a result of increased global oil prices, the Central Bank of Nigeria’s website reveals. Data from Organization of Petroleum Exporting Countries (OPEC) revealed that basket of 14 crudes stood at $47.48 per barrel last week from $45.21 a barrel it opened in July. Experts said […]

Contact Us
Call +234 813 069 1462