LONDON, May 18 The dollar wallowed near six-month lows against a basket of major currencies on Thursday, struggling to recover from its worst losses in almost a year against the yen and the euro as worries over the Trump presidency weigh.
The Central Bank of Nigeria (CBN) on Wednesday published a list of items, for which importers can source foreign exchange (Forex) from the market.
Japan’s economy grew more than expected in the first three months of the year, expanding by 0.5% quarter-on-quarter and beating forecasts of 0.4%. On an annualized basis, growth was 2.2% – the highest in a year and above expectations of 1.7%. There was also a small upward revision to the prior quarter’s number from an annualized rate of 1.2% to 1.4%.
The financial crisis in Egypt is over, the Gross Domestic Product (GDP) in 2017 has significantly jumped compared to 2016 and the prices will fall in 2018, governor of the Central Bank of Egypt (CBE) Tarek Amer stated on Wednesday during a press conference.
Brazil’s real, stocks and bonds sank as a fresh political crisis ensnared President Michel Temer and threatened to derail a reform agenda that had helped restore confidence in the South American nation.
KUALA LUMPUR: The Malaysian ringgit has been the best-performing currency in Asia ex-Japan so far in the second quarter, gaining c.2.5% against the US$, says Standard Chartered Global Research.
Next trading day's important events
- USDJPY: 111.07
- EURUSD: 1.1119
- S&P 500: 2363.63
- NASDAQ: 6050.25