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Nigeria unveils new forex policy, removes controls on naira

June 15, 2016
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Nigeria unveils new forex policy, removes controls on naira The Central Bank of Nigeria, CBN, on Wednesday formally unveiled the much-awaited flexible foreign exchange policy, saying it would launch a forex interbank trading window that will be purely market-driven. The new policy effectively removes controls on the naira, and is expected to increase dollar...

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FOREX-Dollar slides after Fed cuts growth, rate forecast

June 15, 2016
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NEW YORK The dollar fell on Wednesday after the Federal Reserve held interest rates steady, as expected, and lowered its economic growth forecasts for this year and next, suggesting it would be less aggressive in tightening policy after 2016. Against the yen, the dollar dropped to its lowest in more than two years after...

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Top 10 Forex Trading Mistakes

June 14, 2016
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The following guest post is courtesy of Yael Warman, Content Manager at Leverate. If you also have an idea for a guest post on LeapRate – and want your article to be viewed by the hundreds of thousands of viewers who regularly visit our site and receive our daily email newsletter – please contact us...

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Forex – Aussie edges higher, kiwi declines ahead of Fed meeting

June 14, 2016
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Investing.com - Investing.com – The Australian edged higher against its U.S. counterpart on Tuesday, while the New Zealand dollar declined as markets were jittery ahead of the Federal Reserve policy meeting due to begin later in the day. AUD/USD edged up 0.11% to 0.7396. Markets seem to have pushed back expectations on the timing...

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Finally, CBN to release new forex guidelines on Wednesday

June 14, 2016
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The Central Bank of Nigeria (CBN) says it will release new foreign exchange guidelines on Wednesday, June 15, 2016. The apex bank took to its Twitter account to make the revelation on Tuesday night. “CBN set to release new Guidelines on flexibility in the Foreign Exchange Market structure on Wednesday, June 15, 2016,” the...

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Forex: J$125.99 to one US dollar

June 14, 2016
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KINGSTON, Jamaica – The Jamaican dollar on Monday, June 13, ended trading at J$125.99, up by 10 cents, according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$96.74, down from J$98.34, while the British pound sterling ended trading at J$179.59, down from J$181.08.

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