Tag: Dollar

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Dollar steady before Powell testimony; Aussie slips

The U.S. dollar held steady on Tuesday ahead of testimony before Congress by Federal Reserve Chair Jerome Powell, while the Aussie slid after the Reserve Bank...

Dollar firms after U.S. labor data points to further Fed tightening

The dollar strengthened on Thursday after unemployment claims pointed to a strong U.S. jobs market that along with other data showing growing labor costs...

South African rand gains as China data boosts risk-taking

The South African rand gained in early trade on Wednesday after China's manufacturing activity expanded at its fastest pace since April 2012, fuelling risk-on...

Dollar slides, yuan gains on China PMI; inflation data lifts euro

The dollar eased and China's yuan gained on Wednesday after China's manufacturing activity expanded at its fastest pace since April 2012, while the euro...

Dollar slips but remains near seven-week high after U.S. data

The dollar slipped from a seven-week high on Monday, as investors took stock of last week's strong U.S. economic data and the outlook for...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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