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Uganda's shilling touched about 4,500 to the US dollar on Friday 23 October, its weakest in 33 years, as a top Treasury official opposed spending reserves. The post Uganda Shilling Hits 33-Year Low on 23 Oct appeared first on The Rio Times.
Nigeria's currency closed 2.1% lower on 22 October, and bank dollar trading hit US$1.01 billion on 23 October, central bank data show. The post Nigeria’s Currency Ends 2.1% Lower in a Day appeared first on The Rio Times.
The Indian rupee’s sharp rebound from near a record low is set to lose steam as high oil prices and persistent dollar demand limit the scope for further gains.
The cost of hedging against swings in the pound versus the euro rose to the highest in five months as traders position for next week’s UK Budget.
Sudan's Customs Authority lifted its customs dollar 29.6% on Monday 19 October, so Sudan import duty bills for food, medicine and parts jump in pounds. The post Sudan Import Duty Costs Rise 29.6% appeared first on The Rio Times.
New Zealand inflation likely eased slightly in the third quarter, but the respite is set to be short-lived as a weaker currency and surging oil prices drive an acceleration in the final three months of the year, building the case for rate hikes.
Deutsche Bank AG is betting the Nigerian naira will strengthen against the US dollar as it adds the West African nation to its frontier foreign exchange monitor, a tool it uses to watch currencies in smaller, less liquid markets.
A hotter September CPI print could delay rate cuts and rattle the rand, while a cooler core reading would support a hold at 7.25%. The post South Africa Inflation Test Looms for the Rand and Rates appeared first on The Rio Times.
Indian asset managers are restricting fresh investments into gold products ahead of the key festive season when demand is strong, adding to the nation’s efforts to curb appetite for the precious metal amid a historic slide in the local currency.
The Philippine peso breached the key psychological level of 63 per dollar for the first time, intensifying pressure on the central bank to defend the currency.
Poland’s currency remains at a “strong” level even after weakening in recent months and isn’t a particular point of focus for the central bank, according to policymaker Przemyslaw Litwiniuk.