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The South African rand weakened to 17.9225 per dollar on Tuesday ahead of the SARB’s expected interest rate cut to 7.25%. Inflation remains below the target range, and recent economic …
South African Rand Weakens Amid Anticipation of Interest Rate Cut Read More
The Kenyan shilling remained stable on Thursday due to low dollar demand from importers, holding at 129.25/129.45, the same as the previous day’s close. The Kenyan shilling maintained a stable …
Kenya Shilling Stability Amid Low Dollar Demand Read More
The South African rand weakened after the SARB kept interest rates steady at 7.50%. The rand was trading at 18.22 to the dollar, influenced by the U.S. Federal Reserve’s recent …
South African Rand Weakens as Central Bank Holds Interest Rate Steady Read More
The Kenyan shilling has remained stable against the US dollar due to low dollar demand from importers, with commercial banks quoting the exchange rate at 129.25/129.45, unchanged from the previous …
Kenyan Shilling Stabilizes Amid Low Dollar Demand Read More
The Kenyan shilling remained stable on Wednesday at 129.20/45, with traders expecting appreciation due to anticipated inflows from the Diaspora. The Kenyan shilling maintained its stability on Wednesday as it …
Kenyan Shilling Stability and Anticipated Diaspora Inflows Read More
On March 19, gold prices in the UAE remained stable, with 1 gram priced at 358.53 AED and a tola at 4,181.86 AED. Geopolitical tensions and U.S. economic policies are …
Gold Prices in the United Arab Emirates on March 19: Stability Amidst Market Uncertainties Read More
The Brazilian central bank will auction up to $4 billion through dollar auctions with repurchase agreements on Wednesday and Thursday, each day allowing for a maximum of $2 billion. This …
Brazilian Central Bank Announces $4 Billion Dollar Auctions with Repurchase Agreement Read More
The Indian Rupee has achieved a five-day winning streak against the US Dollar, closing at 86.57. This trend is supported by a decline in the Dollar index and a significant …
Indian Rupee Strengthens Against Dollar Amid Market Dynamics Read More
The South African rand appreciated by 0.4% to 18.0175 against the dollar, bolstered by gold prices hitting a record high of $3,018.66. Analysts anticipate that this increase may incentivize local …
South African Rand Strengthens as Gold Prices Achieve Historic High Read More
Kenya has requested a new lending programme from the IMF, abandoning the current one amid rising debt-servicing costs. The total ECF/EFF facility expiring next month is worth $3.6 billion. The …
Kenya Seeks New IMF Programme Amid Economic Challenges and Rising Debt Read More