Asian markets mostly fell, although Chinese stocks were higher, as traders wait to see how Tehran could respond. One option on the table would be to potentially create economic havoc by seeking to close the strategic Strait of Hormuz, which carries one-fifth of global oil output. Iran is the world’s ninth-biggest oil-producing country, with an […]
Data from the official trading platform of the FMDQ Exchange, revealed that the Naira currently gained N42.15. This represents a 2.5 per cent gain when compared to the previous trading date when it exchanged at N1,681.65 to a dollar. Read Also : Dollar supply drops as Naira depreciates on Thursday Also, the total daily turnover […]
The dollar surged and Bitcoin hit a record high as traders bet on a victory for Donald Trump, with the former president securing key swing states necessary to take the White House. This boosted expectations for fresh tax cuts, tariffs, and rising inflation.
FMDQ data showed that the foreign exchange transactions turnover declined to $87.51 million on Thursday from $139.48 million recorded the previous day. This represents a $57.97 million decrease in FX transactions turnover on a single day. The development led to the depreciation of Naira to N1544.02 per dollar on Thursday for N1539.65 exchanged on Wednesday. […]