The Naira closed the trading session in the positive territory at the Nigerian Foreign Exchange Market (#NFEM), appreciating by 11bps or ₦1.44 against the U.S. dollar.
https://dmarketforces.com/exchange-rate-today-naira-strengthens-to-n1342-per-dollar/
#Naira #FXmarket
Exchange Rate Today -Naira Strengthens To N1342 Per Dollar
The Naira closed the trading session in the positive territory at the Nigerian Foreign Exchange Market (NFEM), appreciating by 11bps or ₦1.44 again
The dollar index (DXY) moved back below 100 after reaching 100.5 early in the session, as traders assessed the latest developments in the Middle East
https://dmarketforces.com/dollar-index-retreats-as-market-price-in-lower-rate-cut-chance/
#DollarIndex #FXmarket
Dollar Index Retreats As Market Price In Lower Rate Cut Chance
The dollar index (DXY) moved back below 100 after reaching 100.5 early in the session, as traders assessed the latest developments in the Middle
The naira halted two days of depreciation on Wednesday, gaining 0.58% to ₦1,378.70/$ at the official window as foreign payment pressures eased from N1386 per dollar.
https://dmarketforces.com/naira-surges-on-forex-market-supply-boost/
#Naira #FXmarket
Naira Surges On Forex Market Supply Boost
The naira halted two days of depreciation on Wednesday, gaining 0.58% to ₦1,378.70/$ at the official window as foreign payment pressures eased
The naira showed significant resilience and appreciation in the foreign exchange market, rising by 0.24% to ₦1,380.58 per dollar at the Nigerian foreign exchange market (#NFEM).
https://dmarketforces.com/naira-rallies-market-wide-on-robust-fx-liquidity/
#Naira #FXMarket
Naira Rallies Market-Wide On Robust FX Liquidity
The naira showed significant resilience and appreciation in the foreign exchange market, rising by 0.24% to ₦1,380.58 per dollar at the Nigerian foreign
The naira pulled back sharply against the US dollar at the Nigerian foreign exchange market (#NFEM) as foreign reserves recorded its fifth outflow for international payments on Monday.
https://dmarketforces.com/naira-drops-sharply-amidst-successive-fx-reserves-outflow/
#Naira #FXmarket
Naira Drops Sharply Amidst Successive FX Reserves Outflow
The naira pulled back sharply against the US dollar at the Nigerian foreign exchange market (NFEM) as foreign reserves recorded its fifth outflow
The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a drive toward safer assets.
https://dmarketforces.com/european-currency-loses-steeze-as-middle-east-burns/
#Europe #Euro #FXmarket
European Currency Loses Steeze As Middle East Burns
The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a
The Central Bank of Nigeria (#CBN) mopped up $200 million in naira equivalent at the foreign exchange market as part of an effort to stabilise the local currency
https://dmarketforces.com/cbn-mops-up-naira-with-200-million/
#Naira #FXmarket
CBN Mops Up Naira With $200 Million
The Central Bank of Nigeria (CBN) mopped up $200 million in naira equivalent at the foreign exchange market as part of an effort to stabilise the local currency.
The exchange rate gap in Nigeria’s foreign exchange market has collapsed sharply as the spot rate has maintained a downward trend for 14 consecutive trading sessions
https://dmarketforces.com/exchange-rate-gap-collapsed-as-naira-maintains-downtrend/
#exchangerate #FXmarket
Exchange Rate Gap Collapsed As Naira Maintains Downtrend
The exchange rate gap in Nigeria’s foreign exchange market has collapsed sharply as the spot rate has maintained a downward trend for 14 consecutive trading sessions.
The Central Bank of Nigeria (CBN) increased its intervention in the forex market during the week by injecting an $300 million to reduce the naira’s all-week negative fluctuations.
https://dmarketforces.com/cbn-injects-300-million-into-forex-market/
#CBN #FXmarket
CBN Injects $300 Million Into Forex Market
The Central Bank of Nigeria (CBN) increased its intervention in the forex market during the week by injecting an $300 million to reduce the naira’s
South Korea's FX market is set for a major transformation with 24-hour trading from July, aiming to boost foreign investor access and accelerate the won's internationalization, according to Yoo Kyung-woon, Chairman of the FX Market Council.
#YonhapInfomax #FXMarket #WooriBank #24HourTrading #WonInternationalization #ForeignInvestorDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=106709
[Interview]Yoo Kyung-woon, FX Market Council Chair – '24-Hour Trading to Expand Capital Market Opportunities'
South Korea's FX market is set for a major transformation with 24-hour trading from July, aiming to boost foreign investor access and accelerate the won's internationalization, according to Yoo Kyung-woon, Chairman of the FX Market Council.
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