Tag: Dollar

Dollar slides to 17-month low vs yen as stocks, oil fall

Tue Apr 5, 2016/Reuters By Nigel Stephenson The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded. The Japanese currency, often sought in times […]

Banks channel forex to investors exiting equities, bond markets

April 4, 2016/The Nation By Collins Nweze Foreign investors repatriating profits and others exiting the Nigeria equities and bond markets last week triggered a rise in foreign exchange (forex) disbursement by leading banks. Many of the investors, after liquidating their investments, secured forex to repatriate their funds through Stanbic IBTC […]

South Africa’s MTN expects Nigeria to devalue naira this year

Thu Mar 3, 2016/Reuters South Africa’s MTN Group expects Nigeria to devalue the naira by up to 22 percent at some point this year, chief financial officer Brett Goschen said on Thursday. Africa’s biggest wireless operator is in talks with Nigerian authorities to reduce a $3.9 billion fine imposed last […]