On Friday there was an interesting article in the printed edition of the US Financial Times. It was written by Claire Jones in Frankfurt: Below Zero – Policymakers find Negative Rages Cuts Both Ways. 339 more words
Tags » Dollar
The dollar printed a swing low on Friday, indicating a new daily cycle.
While there is a possibility that Thursday was day 10, I believe that it is more likely day 22, which places the dollar in its timing band for a daily cycle low. 241 more words
Nigerians now discuss the precarious state of their nation’s currency like the English would the weather. It is a perfect conversation starter, a lunch time topic of discussion in offices, the center of arguments at vendor stands, the theme of television and radio shows and even a choice melody for musicians, most notably the three blind minstrels who are fast becoming internet sensations for their analysis of current affairs in their highlife inspired compositions. 874 more words
The Nigerian Naira has continued its free-fall against the dollar, crashing to N325 per dollar at the close of business on Thursday, Punch reports.
The fall was due to scarcity of the greenback as desperate importers scramble to meet their obligations. 62 more words