Understanding currency fluctuations
One notable instance of the chaos sparked by unfavourable currency fluctuations is the ‘Asian Financial Crisis’ that commenced in the summer of 1997 due to the devaluation of the Thai baht...
Tag : dollar
Amid its stock market bull run, Japan issues warning against ‘excessive yen moves’
Despite the yen picking itself up after the BoJ's hawkish statement on inflation, the US dollar remained in a holding pattern...
Egypt’s inflation rises to 35.7% as country awaits dollar inflows
Egypt's inflation rate fell from September 2023's record 38.0% before February 2024...
Nigeria’s currency weakness: Tracing the reasons behind a weak Naira
The Nigerian currency called the Naira has been under intense pressure since the floatation of the exchange rate...
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...
The rise of ‘anarcho-capitalist’ Javier Milei
Javier Milei, the economist, first got people's attention by showing up on a late-night TV show...
Nigerian Naira strengthens to N806.73 against Dollar at official market
The naira closed at N1,165 to the USD, the same exchange rate, marking a day of stability...
Naira’s value falls further as parallel market exchange rates widen
In 2023, the naira experienced its worst-ever performance on the illicit market, reaching 1,000 to the dollar...
Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
How central banks used gold since the 1990s
Central banks sold gold on the net in the 1990s and the first part of the 2000s...