The Nigerian naira has done relatively well this year, despite the recent sell-off in emerging markets currencies amid the US war against Iran. The USD/NGN exchange rate dropped to 1,358 on April 10, down by 20% from its highest point in 2024. Why the Nigerian naira has soared There are at least three main reasons
The British pound edged lower on Friday but remained on track for its strongest weekly performance in three months, supported by easing geopolitical tensions following a US-Iran ceasefire agreement. Sterling slipped 0.15% to $1.342 during the session. Despite the modest decline, the currency was set to post a weekly gain of 1.7%, marking its biggest
MEXC, the zero-fee digital asset exchange, has appointed Vugar Usi as Chief Executive Officer, coinciding with the platform’s eighth anniversary. The move marks a strategic evolution in MEXC’s brand and global growth strategy, advancing its “Infinite Opportunities” vision and user-centric philosophy. Rapid Growth and Market Position Usi, who served as Chief Operating Officer since December
Intro The financial world is holding its breath for this Friday, 10 April, when the U.S. Consumer Price Index (CPI) report is released. The Federal Reserve’s (Fed) dual mandate—maximum employment and price stability—makes every CPI print a direct input into rate decisions, but this time, it is not just another data point. With the Persian
ETHUSD jumps over 5%, eyes mediumterm downtrend line resistance Reclaims close above the 20 and 50day SMAs Momentum improves but still lacks strong followthrough Ether (ETHUSD) is edging higher, trading above 2,250 for the first time since March 18, and is now eyeing resistance at a mediumterm descending trendline just overhead. A break higher would
European currencies strengthened against the US dollar as markets reacted to reports of a temporary ceasefire agreement between Washington and Tehran. The reduction in geopolitical risk has shifted sentiment, weakening demand for so-called defensive assets and encouraging flows into higher-risk currencies, particularly across developed markets. At the same time, falling oil prices added to the
The British pound edged higher against the US dollar on Thursday, retaining most of the gains recorded in the previous session following a ceasefire agreement between the United States and Iran. However, uncertainty surrounding the durability of the deal limited further upside in sterling. The pound was last trading 0.1% higher at $1.3407, remaining well
Given the clear daily uptrend and the strong daily uptrend, EURJPY currency pair can be expected to rise to the next resistance level 186.00 (which stopped earlier waves (5) and B)). EURJPY broke resistance area Likely to rise to resistance level 186.00 EURJPY currency pair recently broke the resistance area between the resistance level
Unless U.S. President Trump extends his ultimatum to Iran once again, the conflict with Iran is likely to escalate further in the coming hours and days. Iran does not appear willing to comply with the U.S. demand to open the Strait of Hormuz. According to the latest news, the Iranian government has even responded by
AUD/USD has moved higher, breaking above the 0.6970 and 0.7000 levels, while NZD/USD is also advancing and may target further gains beyond 0.5850. Key Points The Australian dollar has strengthened steadily against the US dollar, reclaiming the 0.7000 level. AUD/USD broke above an ascending channel resistance near 0.6960 on the hourly chart. NZD/USD is holding