Tag: Dollar

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Dollar unlikely to lose global dominance soon even as BRICS expand – note

The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of...

Dollar falls to two-week low as economic data softens

The dollar dropped to a two-week low against the euro and a basket of currencies on Wednesday after data showed that U.S. private payrolls...

Dollar drops after jobs data, yen briefly hits 10-month low

The U.S. dollar fell on Tuesday, reversing earlier gains, after data showed that U.S. job openings fell in July, before this week's highly anticipated...

Dollar eases against euro as investors ponder rate paths, China’s stamp duty

The dollar slid from a 12-week peak on Monday after Federal Reserve Chair Jerome Powell left open the possibility of further rate hikes, while...

Dollar rises ahead of Jackson Hole, Turkish lira rallies

The dollar rose on Thursday as investors awaited for U.S. job data ahead of the Federal Reserve's Jackson Hole symposium, while the Turkish lira...

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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...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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