Currency strategists are forecasting a continued soft outlook for the U.S. dollar at the start of 2026, citing concerns over Federal Reserve independence and the likelihood of further interest rate cuts. The dollar fell nearly 10% against major currencies last year, marking its weakest performance since 2017. Investors weighed the impact of record-high U.S. tariffs, …
The naira depreciated against the dollar on Monday, December 1, 2025, as year-end demand for foreign currency pushed exchange rates upward. At the Nigerian Foreign Exchange Market (NFEM), where the official trading takes place, the naira dropped to N1,448.43 on Monday, against N1,446.74 recorded on Friday, November 28. At the parallel market, bureau-de-change operators in …
The naira recorded a significant drop on Wednesday, November 19, at the official foreign exchange market despite a surge in Nigeria’s foreign reserves in recent times. The Central Bank of Nigeria’s exchange rate data indicated that the naira depreciated to ₦1,454.19 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, against the ₦1,447.43 …
Global currency markets opened the week cautiously, with the U.S. dollar inching higher against the euro, yen, and sterling as investors positioned themselves ahead of a busy week of U.S. economic data. Market response to President Donald Trump’s tariff reversal on over 200 food products was muted, with analysts noting that the move was largely …
Global stock markets were on course to reclaim record highs on Thursday following the end of the longest U.S. government shutdown in history, while Japan’s yen tumbled to historic lows against the euro and hit a nine-month low versus the dollar. Europe’s STOXX 600 opened stronger, with France’s CAC 40 gaining nearly 1%, pushing both …
The U.S. dollar held close to a three-month peak on Monday as investors looked ahead to a slate of economic data this week that could offer fresh insight into the strength of the world’s largest economy and signal whether the Federal Reserve will maintain its hawkish posture. Asia-Pacific trading was subdued due to a holiday …
