The dollar edged higher on Monday, boosted by robust U. S. wage growth data strengthening the case for more Federal Reserve interest rate increases, while Britain's pound fell on Prime Minister...
Egypt pound has strengthened slightly at banks as demand for dollars slightly goes down. A dollar was being exchanged for around 18 pounds down from around 19 a week ago at most banks. This also saw...
2016 has been a roller coaster of a year, and currency markets are no exception. A few countries have fared well, but others have seen the value of their currencies fall dramatically. Here’s a list...
From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a chronic currency shortage, various African countries saw the value of their currencies...
So every country manipulates their currencies either by easing and tightening interest rates or using stimulus to boast the market. Regulators have fined some of the financial institutions...
A short-lived surge in the euro dominated this year's last day of trade in major foreign exchange markets on Friday, with dealers citing a handful of orders as driving the dollar to its lowest since...
The dollar inched higher against the yen and a handful of other major currencies on Tuesday in trade curtailed by holidays in financial centres in Europe and Asia. Going into the final week of 2017,...
Iran authorized some banks on Saturday to deal in foreign exchange trading at a free-market rate, the central bank said, as authorities try to unify exchange rates. Iran operates two exchange rates,...
The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary policy and the euro weakened following deadly attacks in Germany and Turkey. On Wall...
China has lost its crown as the United States' biggest overseas creditor. That title now belongs to Japan. Beijing has been dumping U. S. government debt to prop up its currency. China uses the...
Bayport Financial Services has announced good performances on the local bourse after the company listed on the Ghana Alternative Market (GAX) early this year. The listing of the debt instrument was...
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines. The week ending December 1 saw the rate of return on 91-day bill softening by...
Whiles Licensed Forex Bureau operators are struggling to keep up with their businesses , the businesses of illegal forex market players popularly known as “black marketers” are gaining root in...
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess...
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess...
Treasury units of commercial banks have attributed the current marginal depreciation of the cedi to an increase demand by retailers ahead of the festive season. According to them, the need for...
Exporters, who defy the current procedure of channelling proceeds via the electronic Ministries Department and Agency (e-MDA) platform, will risk being blocked from making any transactions for at...
The Bank of Ghana (BOG) has announced regulations to govern the conduct of competitive multiple-price foreign exchange (FX) auction to allocate foreign exchange against the Ghana Cedi. The central...
Ghana's national currency, the cedi is on the brink of completing a record-breaking year, and even the currency analysts that have spent most of the year predicting an end to its new found stability,...
Currency dealers were accused of exchanging naira at a rate lower than 400 naira to $1. Nigerian intelligence agents have raided offices of black market currency dealers accused of exchanging the...
