News
BTC, ETH, XRP Rally Slows, Bo E Flags US Stablecoin Risks
11+ hour, 51+ min ago (405+ words) Bitcoin (BTC), Ethereum (ETH), and XRP momentum slowed in the early trading hours on Monday, amid the latest Bank of England (Bo E) warning and amid the US targeting stablecoin regulation. BTC is hovering around $81k, ETH trades at $2, 329, and XRP price…...
Money Market Rates Steady On N6. 2trn Liquidity Surplus
4+ day, 17+ hour ago (276+ words) Excess liquidity in the financial system, totalling N6. 2 trillion, kept short-term money market rates steady as banks continue to place funds with the Central Bank. The robust financial liquidity condition was sustained amidst the Treasury bills auction, where the Central Bank…...
XAUTUSD - Tether Gold Slides As Buying Sentiment Fades
2+ week, 9+ hour ago (266+ words) Tether Gold (XAUTUSD) slipped 0. 77% to $4, 668. 61, underperforming a slightly negative broader crypto market. The move appears primarily driven by modest outflows in a risk-averse environment, with no clear coin-specific catalyst visible in the provided data. The token underperformed both a flat…...
U. S. Dollar Index Slips On Iran Peace Proposal
2+ week, 13+ hour ago (350+ words) The dollar index slipped below 98. 5 on Monday after briefly rising to 99. 3 earlier in the session as demand slowed sharply. The markets reacted to reports that Iran had submitted a new proposal to the US aimed at reopening the Strait of…...
British Pound Hovers Around $1. 35 Ahead Of UK Data
2+ week, 14+ hour ago (265+ words) The British pound stabilised above $1. 35, recovering from a two-week low, as investors prepare for a week filled with significant economic data and global interest rate decisions while also monitoring US-Iran peace talks. Last week, the dollar declined against all G10 currencies…...
Rand Dips, South African 10-Y Bond Yield Climbs To 8. 35%
2+ week, 5+ day ago (315+ words) The South African Rand eased against the dollar as renewed US-Iran tensions boosted safe-haven demand for US Treasuries amid escalating war in the Middle East, First National Bank (FNB) said in a note. Rising oil prices continue to damage the…...
Oil Market Sees Weekly Surge In Prices Over Supply Risks
3+ week, 1+ day ago (345+ words) Oil market ended the week mixed, with a surge in Brent price on concerns over potential supply disruptions linked to a possible US blockade of the Strait of Hormuz, while easing geopolitical tensions and revived hopes for talks with Iran…...
South African Rand Climbs Amid Soft Manufacturing Output
1+ mon, 1+ day ago (471+ words) The South African rand strengthened, trading at R16. 39 per dollar, R19. 18 per euro, and R22. 00 per pound, according to a report released by First National Bank (FNB). The local currency is outperforming most emerging-market peers amid fragile optimism over the US-Iran ceasefire. However,…...
South African Rand Holds Well Against US Dollar, Euro, GBP
1+ mon, 2+ day ago (241+ words) The South African Rand is holding up well against major crosses, including the US dollar, Euro and British Pound (GBP), following yesterday's rally, First National Bank (FNB) said in its daily market insight on Thursday." However, the bank indicates that…...
US Dollar Nears 1-Year High On Middle East War Advantage
1+ mon, 1+ week ago (398+ words) Boosted by rising demand, the US dollar rallied against its trading pairs to its highest positions in about a year, supported by geopolitical tensions and shifting rate expectations. The risk-off mood is evident in the foreign exchange market, where the…...