Page 42 - Frx News Today

Kenya's shilling weakened on Wednesday, undermined by increased demand for dollars from oil retailers and manufacturers, and listed companies preparing to pay dividends to their foreign shareholders, traders said.

Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, creating a risk their business will become concentrated in smaller financial institutions.

Ghana's economy grew 3.1% year-on-year in 2022, compared with a growth rate of 5.1% the previous year, the country's statistics agency said on Wednesday.

The South African rand recovered some losses it incurred earlier on Wednesday after local inflation data showed a rise in prices for the second consecutive month.

The dollar slipped on Tuesday after a sharp rise overnight as strong U.S. economic data reinforced expectations that the Federal Reserve will hike interest rates in May, while China's economic recovery gathered pace in the first quarter.

Asia's shares pared losses on Tuesday as China's economy recorded a stronger-than-expected recovery from punishing pandemic lockdowns last year that led to a major slowdown.

Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.

A look at the day ahead in Asian markets from Jamie McGeever.

The Indian rupee declined against the dollar on Tuesday, tracking losses in most Asian peers following a fresh set of robust macroeconomic data from the United States.

A look at the day ahead in markets from Kevin Buckland.