Sterling Undermined By Dollar Demand, Pound To Euro Rate Tests 1.15
Sterling Undermined by Dollar Demand, Pound to Euro Rate Tests 1.15
Source: exchangerates.org.uk
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share: Rupee ends slightly stronger but posts weekly decline despite dollar weakness
A directional move in the rupee is likely only if the local unit gains beyond 82.50 or weakens below 83, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities.
Source: indiatimes.com
Naira Extends Drop From Record as Black-Market Dollar Rate Soars
(Bloomberg) -- The Nigerian naira extended its slump in black-market trading as the nation’s dollar shortage deepened two months after the central bank moved to a more flexible exchange rate to encourage inflows. Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Ri
Source: yahoo.com
Weak shilling knocks Kenya weapons deal
Kenya required more money to buy less military equipment such as guns and tanks last year due to the weakening of the shilling against the US dollar.
Source: businessdailyafrica.com
Energy-Sensitive Rupee Weakens On Higher Oil Prices And Record Fuel Rate Hikes
The energy-sensitive rupee weakened to near 76 per dollar on Wednesday as oil prices rose on supply concerns, and a record hike in domestic fuel rates has put the focus back on already high inflation.
Source: ndtv.com