Economy

South African rand soars over 2% after U.S. inflation data

The South African rand leapt over 2% on Tuesday as the dollar slumped after softer-than-expected U.S. consumer inflation data boosted expectations that the Federal...

Dollar dips on growing bets Fed rate hikes are over

The U.S. dollar fell to an almost eight-week low against the euro on Monday on growing confidence that the Federal Reserve is done hiking...

Nigeria’s naira firms on black market, central bank settles FX forwards

Nigeria's naira firmed to 1,000 per dollar on the black market on Monday, online platform abokiFX showed, recovering from a record low of 1,300...

Gold demand down with lower central bank buying in Q3, WGC says

Global gold demand excluding over-the-counter (OTC) trading slipped 6% in the third quarter as central bank buying fell short of last year's record levels...

Dollar rises after blockbuster U.S. data lures in bulls

The dollar rose on Friday and is set for a third monthly gain after solid U.S. growth figures argued for interest rates to remain...

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