Tag: US Dollar Spot
NGN/USD: Nigeria Dollar Supply Jumps After Ban on Some Forex Deals Is Lifted
Dollar supply in Nigeria soared after the central bank scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem [...]
NGN/USD: Nigeria Dollar Supply Jumps After Ban on Some Forex Deals Is Lifted
Dollar supply in Nigeria soared after the central bank scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem [...]
Ukraine Central Bank Weekly Net FX Sales Totaled $1.15 Billion
Ukraine supported the hryvnia with $1.15 billion in net sales of foreign exchange in the first week of a more flexible currency policy aimed at helpin [...]
Japan’s Top FX Official Declines to Say If Intervened on Yen (JPY USD)
Japan’s top currency official declined to confirm whether Tokyo stepped into markets Tuesday amid speculation of intervention after sharp moves in the [...]
Asia Can Defend (THB, IDR, PHP) Against Strong US Dollar With Forex Piles
The dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.Policy makers in the region have more [...]
FX Intervention Has Lost Its Taboo in Asia
You know the dollar is brawny when intervention isn’t whispered or inferred, but spoken plainly. That’s now the case in parts of Asia, where, despite [...]
PHP/USD: Philippine Peso Nears Key 57 Level, Raising Risk of FX Defense
An under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains [...]
Kenya Shilling Pays Price Of Year Of Blunders, Treasury Chief Says
The Kenyan shilling’s sharp slide against the dollar follows years of policy missteps at the central bank, according to Treasury Secretary Njuguna Ndu [...]
Bangladesh Allows Banks to Add Premium on Forward FX Deals
Bangladesh allowed dealers to add a premium on non-deliverable forward contracts for the first time, as the central bank stepped up efforts to loosen [...]
China Told Some Brokers to Cut Back Proprietary FX Trading
China told some brokerage firms to reduce proprietary trading in the foreign-exchange market, according to people with knowledge of the matter, markin [...]
Nigeria Asks Banks to Reserve Forex Gains Amid Naira (NGN/USD) Risks
Nigeria’s central bank instructed the nation’s lenders to divert windfall currency revaluation gains into buffers against future losses, following the [...]
China Tries to Support Weak Yuan (CNY USD) With Forex Reserve Ratio Cut
China reduced the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, in a more visible step to p [...]
Diageo Nigeria Says It Can’t Get Dollars Despite Forex Reforms
Diageo Plc’s Nigeria unit said it’s struggling to obtain dollars to pay back foreign-currency loans, despite the government’s liberalization of the fo [...]
Argentina Plans to Weaken Forex Rate for Corn to Boost Exports
Argentina is closing in on a plan to weaken the exchange rate for a fixed volume of corn in a move to bolster exports out of the cash-strapped nation, [...]
