Nigeria Ends Currency Auctions, Successfully Decreasing the value of Naira
(Bloomberg)– Nigeria'' s central bank abandoned regular foreign-exchange auctions, an essential part of its currency-management system, efficiently cheapening the naira for the second time in 3 months. Supporting the naira through dollar sales at the …
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Chinese foreign exchange student job-shadows The World
NORTH BEND– Almost 7,000 miles from home, Olivia Lou has her sights set on a profession in journalism. Lou, a forex student and senior at North Bend High School, is initially from Haikou, Hainan, an island off the southern coast of China.
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Monetary policies and falling inflation are behind currency turmoil
Two thousand years later on the foreign-exchange markets are still in turmoil. In January the Swiss National Bank deserted its policy of capping the Swiss franc versus the euro, catching lots of traders and investors by surprise. As the franc increased by 30 …
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