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  1. The South African rand (ZARUSD) is appreciating against its major crosses, including the US dollar, the Euro, and the sterling, in early trading hours on Monday, First National Bank (FNB) said in a brief. 

    dmarketforces.com/south-africa

    #SouthAfrica #Rand #ZARUSD #FXmarket

  2. The South African Rand strengthened against its major currencies as easing Middle East tensions triggered low-dollar demand in the forex market.

    dmarketforces.com/south-africa

    #SouthAfrica #Rand #FXmarket

  3. The Central Bank of Nigeria (CBN)’s foreign-exchange market intervention dollar injections declined by 83%, putting significant pressure on the local currency

    dmarketforces.com/cbn-fx-inter

    #FXmarket #CBN

  4. The naira dropped sharply against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday as FX payments surged above liquidity.

    dmarketforces.com/exchange-rat

    #Naira #FXmarket

  5. The Naira closed the trading session in the positive territory at the Nigerian Foreign Exchange Market (#NFEM), appreciating by 11bps or ₦1.44 against the U.S. dollar.

    dmarketforces.com/exchange-rat

    #Naira #FXmarket

  6. The dollar index (DXY) moved back below 100 after reaching 100.5 early in the session, as traders assessed the latest developments in the Middle East

    dmarketforces.com/dollar-index

    #DollarIndex #FXmarket

  7. The naira halted two days of depreciation on Wednesday, gaining 0.58% to ₦1,378.70/$ at the official window as foreign payment pressures eased from N1386 per dollar.

    dmarketforces.com/naira-surges

    #Naira #FXmarket

  8. The naira showed significant resilience and appreciation in the foreign exchange market, rising by 0.24% to ₦1,380.58 per dollar at the Nigerian foreign exchange market (#NFEM).

    dmarketforces.com/naira-rallie

    #Naira #FXMarket

  9. The naira pulled back sharply against the US dollar at the Nigerian foreign exchange market (#NFEM) as foreign reserves recorded its fifth outflow for international payments on Monday.

    dmarketforces.com/naira-drops-

    #Naira #FXmarket

  10. The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a drive toward safer assets.

    dmarketforces.com/european-cur

    #Europe #Euro #FXmarket

  11. The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a drive toward safer assets.

    dmarketforces.com/european-cur

    #Europe #Euro #FXmarket

  12. The Central Bank of Nigeria (#CBN) mopped up $200 million in naira equivalent at the foreign exchange market as part of an effort to stabilise the local currency

    dmarketforces.com/cbn-mops-up-

    #Naira #FXmarket

  13. The exchange rate gap in Nigeria’s foreign exchange market has collapsed sharply as the spot rate has maintained a downward trend for 14 consecutive trading sessions

    dmarketforces.com/exchange-rat

    #exchangerate #FXmarket

  14. The Central Bank of Nigeria (CBN) increased its intervention in the forex market during the week by injecting an $300 million to reduce the naira’s all-week negative fluctuations.

    dmarketforces.com/cbn-injects-

    #CBN #FXmarket

  15. The U.S. dollar fell against its major counterparts in the global forex market on Friday’s close, while Washington remains unfazed over the weak dollar index.

    dmarketforces.com/u-s-dollar-i

    #USDollar #FXMarket

  16. The naira weakened against the US dollar at the official window on Thursday, depreciating by ₦7.77 to close at ₦1,366.05/US$ compared with ₦1,358.28/US$ previously reported by the Central Bank.

    dmarketforces.com/naira-weaken

    #Naira #FXmarket #Exchangerate

  17. The naira sustained its rally against the US dollar on Wednesday in the official market as supply levels sufficiently covered international payment requisitions at the Central Bank FX window.

    dmarketforces.com/naira-gains-

    #Naira #FXmarket #exchangerate

  18. The naira gained N17.45 on each foreign payment at the official window as a result of sufficient FX inflows available at the supply side amidst broader pressures on the US dollar

    dmarketforces.com/naira-gains-

    #Naira #FXmarket #exchangemarket

  19. The Nigerian local currency, the naira, appreciated against the US dollar at the official window on Tuesday, closing at N1372 following a significant rally.

    dmarketforces.com/naira-climbs

    #Naira #FXmarket

  20. The naira continued to gain ground across both exchange channels on Wednesday, edging up 0.05% to ₦1,400.48/$ at the office window after a sharp rally.

    dmarketforces.com/naira-gains-

    #Naira #FXMarket

  21. The British pound or the sterling climbed against the US dollar at the forex market, traded at $1.3525, its highest level in over two weeks.

    dmarketforces.com/british-poun

    #BritishPound #UK #fxmarket

  22. The naira depreciated slightly at the official window, maintaining subtle fluctuation since the beginning of the week. 

    dmarketforces.com/naira-drops-

    #Naira #FXMarket

  23. The naira appreciated against the US dollar as the Central Bank of Nigeria (CBN) continued to intervene in the official currency market to stabilise the rate.

    dmarketforces.com/naira-apprec

    #Naira #FXmarket

  24. The Naira opened positive at the Nigerian Foreign Exchange Market (NFEM), recording significant day on day appreciation against the US dollar amid improved supply levels.

    dmarketforces.com/naira-apprec

    #Naira #FXMarket

  25. Despite the Fed's hawkish statements and the economic data coming in above expectations, we see that the dollar index is accumulating in the 102.8 to 103.8 band. On the other hand, the expectation that the Fed will cut rates in March has dropped to 40%. In the face of hawkish statements from the European Central Bank, 102.55 - 102.67, the area between the Bollinger mid-band and Fib 0.382 point, can be followed as a support zone for the index. #DollarIndex #FXMarket #USDIndex #DollarOutlook