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Currencies

Euro slips as stocks drop in muted holiday trading

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trading

Thin trading was the biggest feature of global markets on Tuesday, with stocks in emerging nations turning lower and most major currencies lacking direction as many countries remained on holiday. The euro declined, gold rose, and U.S. Treasuries edged downward. Equities were shut across the large European markets, as well as in parts of Asia […]

Naira drops against major foreign currencies at parallel market

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market

…..Worst in two months …..Stables at official FX with $1.15bn NAFEX turnover in one week The Naira, over the weekend, depreciated further at the parallel segment of the foreign exchange market, with closing rate of 366 to the US Dollar, represented the worst in the last two months, as well as recorded significant drop against […]