The ECB is still slowly grinding its way towards the exit, with the emphasis on 'slowly'. That's the overarching takeaway from this month's European Central Bank information dump and commentary. The main market beneficiary was European equities. Germany's DAX in particular saw a rebound in risk …
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The AUD/NZD is holding at the high end following Friday's rally and is trading around 1.0765 in Monday markets. The Aussie lifted against the Kiwi on Friday on a boost in risk appetite spurred on by a clean beat for US NFP figures that saw risk-based assets climb to end a week riddled with swings in …
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The USD/JPY pair advanced during the last trading day of the week, backed by a dovish BOJ at the beginning of the day. Local authorities said that they don't plan any change to their monetary policy until inflation reaches the 2.0% goal, still well below it. The pair peaked at 107.04, but a weaker dollar, …
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Okorafor also noted that the CBN policy restricting access to FOREX from Nigeria's foreign exchange market to importers of some 41 items had made a huge impact on the status of Nigeria's reserves and boosted the supply of local substitutes for imported goods, created jobs at home and enhanced the …
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