Nigerians Embrace Cryptocurrencies as Naira Hits ₦950/$1 in Freefall
Key Insights Nigeria’s national currency, the naira, has lost more than 70% of its value this year. Inflation in the…
De-Dollarization: 3 reasons why USD is losing its dominance
Key Insights The US dollar was the world’s reserve currency for decades, but its dominance is waning. The sanctions against…
US Dollar Index Hits Two-Month Low Amidst Potential Pause in Interest Rate Hikes
Key Insights US dollar index hits a two-month low as Fed officials discuss holding off on future interest rate hikes…
Fed Minutes Affirm Hawkish Monetary Policy Outlook, Fueling US Dollar’s Rally
Key Insights Fed officials express concerns about inflation, viewing it as biased to the upside and slowing less rapidly than…
Australian Dollar Takes a Hit After RBA’s Pause in Monetary Policy
Key Insights RBA’s decision to pause monetary policy tightening leads to a dip in the Australian Dollar. Mixed signals from…
US Dollar Set to Extend Gains Against Chinese Yuan in Q3 2023
Key Insights US Dollar is expected to continue strengthening against the Chinese Yuan in Q3 2023. Chinese export contractions and…
Tackling Inflation in Nigeria: Economist Warns of Potential Interest Rate Hike
Key Insights Inflation in Nigeria is on the rise, and projected to potentially reach 30% by year-end. Bank of America…