US Dollar Reaches One-Year High As Trump Gains Ground In Vote Count
The dollar reached the strongest level in a year as Donald Trump pulled ahead in the US presidential race, triggering a sharp rise in Treasury yields on speculation his policies….
Tag: US dollar
Rising Corporate Demand For US Dollar Looms Large Over Cedi
The cedi weakened for the third consecutive week against the US dollar, weighed down by increasing corporate demand for foreign exchange to repatriate profits and import inputs. Analysts at the….
Cedi Depreciates 11.21% In Half-Year 2023; Classified Among ‘Worst Spot Returns’ In Africa – Bloomberg
The Ghana cedi ended the first-half of this year with a better performance than the same period last year. According to Bloomberg, the cedi lost about 11.21% to the US….
Yuan Overtakes US Dollar As Most-Used Currency In China’s Cross-Border Transactions
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalise….
IMF Increases Interest Rate On SDR To 2.99%; Ghana To Pay More For Fund-backed Loans
Ghana and other countries seeking loan from the International Monetary Fund (IMF) will pay additional lending rate, as the Bretton Wood institution has increased the yield on its Special Drawing….