A day after the rupee hit an all-time low and breached the 77 per dollar mark, the Reserve Bank of India (RBI) on Tuesday intervened heavily across foreign exchange markets — spot, futures, and off-shore — which stopped the rupee from going past the 77.50 per dollar level, currency […]
dollar
Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
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NEW YORK, April 28 (Reuters) – The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled down on its dovish policy, sending the yen to its weakest level since 2002, while the euro hit a five-year low on growth concerns for the region. The […]
Russian rouble weakens past 80 vs dollar, stocks fall sharply
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A picture illustration shows Russian rouble banknotes of various denominations on a table in Warsaw, Poland, January 22, 2016. REUTERS/Kacper Pempel/File Photo Register now for FREE unlimited access to Reuters.com Register April 14 (Reuters) – The Russian rouble weakened on Thursday, driven by expectations that Russia may relax its temporary […]
Dollar eyes 2.8% quarterly gain as safe-haven flows support
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NEW YORK, March 31 (Reuters) – The dollar rose on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as the United States announced the largest release ever from its emergency oil reserve to try to blunt the energy […]
FOREX-Euro rises to month-high versus dollar, yen recovers
The dollar fell to its lowest in almost two weeks on Wednesday and the euro gained, with currency traders optimistic about peace talks in Ukraine, even amid warnings about the damage to Europe’s economy. Equity markets were up in the Asian session, continuing a pick-up in sentiment on Wall Street […]
Biden orders government to study digital dollar, other cryptocurrency risks
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WASHINGTON, March 9 (Reuters) – U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said. Bitcoin surged on the news as the administration’s holistic […]
Nigerian companies may have to pay dollar debts in naira due to forex shortage
In an emailed statement yesterday, Nigeria’s Federal Inland Revenue Service (FIRS) informed companies in the country about a one-month window that would enable them settle all their outstanding dollar tax debts in naira, amid the forex shortage. Business Insider Africa understands that the concession would end by March 31st, meaning […]