currency
These Currencies Got Crushed In 2016
A few countries have fared well, but others have seen the value of their currencies fall dramatically. Egypt took the...
Some of Africa’s Currencies Struggled In 2016
From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a chronic...
Most Foreign Awards Are Bribes To Drain Africans Economy
So every country manipulates their currencies either by easing and tightening interest rates or using stimulus to boast...
Asian Flash Surge Takes Euro To $1.07
A short-lived surge in the euro dominated this year's last day of trade in major foreign exchange markets on Friday,...
Dollar Slips To Two-Week Low Vs Yen As Treasury Yields Fall
The dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in U. S. bond yields as...
Dollar Inches Higher In Holiday-Thinned Trade
The dollar inched higher against the yen and a handful of other major currencies on Tuesday in trade curtailed by...
India Overtakes Britain As the World’s Sixth-Largest Economy
India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as...
Dollar Hits New 14-Year High, Dow Sets Sights On 20,000
The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary...
Bank of England Holds Interest Rates
The Bank of England has voted unanimously to keep the UK's main interest rate at a record low of 0.25%. It said that...
UK Trade Deficit Narrows In October
Exports increased by £2bn, lifted by machinery and transport orders, while imports decreased by £1.8bn, the Office...
Treasury Securities Continue To Slide
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines....
Ghana’s Coupon Rate On Eurobond Too High
A chartered economic policy analyst, Dr Williams Abayaawien Atulik, has expressed concern about the coupon rate on the...
Italian Bank Stocks Slump After Defeated Renzi Resigns
The euro swung wildly against the dollar and bank stocks in Italy slumped as the country appeared headed for a period...
Dollar Auctioning Could Hurt Cedi – Economist
An economist, Dr. Lord Mensah, has said the auctioning by the central bank of part of the US$1.8 billion cocoa...
Dollar Auction May Least Control Cedi Depreciation – Economist
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial...
Dollar Auction May Least Control Cedi Depreciation
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial...
Zimbabwe Note Move Stoke Currency Fears
Zimbabwe has launched its own money for the first time since the country’s dollar was abandoned seven years ago amid...
Election, Seasonal Demand Mount Pressure On Cedi
The cedi could be in for its toughest test this time in the year, as seasonal demand for the US dollar by importers,...
The Cedi’s Rising Fortunes
Ghana's national currency, the cedi is on the brink of completing a record-breaking year, and even the currency...