Tag: currency markets
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Dollar Faces Historic Losses as Trump Dismisses Market Concerns
Currency markets experienced severe turbulence Tuesday after United States President Donald Trump brushed aside concerns over the dollar's steepest decline in nine months. The...
Dollar Slides to Four Month Low as Gold Surpasses US$5,000
The United States (US) dollar fell to a four month low on Monday while gold prices surged past $5,000 per troy ounce for the...
Beyond the Celebration: The Dollar Preference That Threatens Cedi’s Real Recovery
The Bank of Ghana is preparing to celebrate the cedi's 60th anniversary with fanfare, international conferences, and a campaign to rebuild national pride in...
BoG Plans US$1.15 Billion Forex Injection This Month Despite IMF Cautions
The Bank of Ghana (BoG) has announced it will begin selling up to $1.15 billion through commercial banks starting this month, in what marks...
Ghana’s Cedi Falls Over 1% as Corporate Dollar Demand Outpaces Supply
Ghana's currency extended its slide against major international currencies last week, dropping more than one percent as corporate demand for foreign exchange overwhelmed available...
