The dollar slumped broadly on Thursday, falling to a five-month low against the yen, after U.S. President Donald Trump helped accelerate its recent decline by saying the currency was too strong.
Nigeria's central bank has increased the limit on banks' foreign currency borrowings to 125 percent of shareholders' fund after some lenders breached its regulatory limit due to the recent fall in the naira, according to a circular seen by Reuters.
The Netherlands Authority for the Financial Markets (AFM) issued its annual report for 2016. The watchdog has highlighted the risks associated with some retail investor-focused products. Binary options, forex and CFDs contracts have been designated as “harmful investment products” and measures are expected to be taken by the Dutch government on limiting advertising.
The Australian dollar is sharply higher on Thursday after being lifted by strong employment data out of Australia, as well as from strong trade figures out of China. Following a 3-week slide that took the aussie to a 3-month low of 0.7472 against the US dollar yesterday, the Australian currency received a much needed boost today from a combination of a weaker greenback and positive economic indicators.
Bank of Uganda has halted operations of four forex bureaus owned by businessman Sudhir Ruparelia.
- USDJPY: 109.30
- EURUSD: 1.0618
- S&P 500: 2346.95
- NASDAQ: 5854.16