The Nigerian naira is firing on all cylinders, mirroring the performance of the Kenyan shilling. The USD/NGN exchange rate plunged to a low of 1,497, its lowest level since March and 7% below the highest level this year. It has plunged by over 11.3% from its 2025 highs. Why the Nigerian naira currency is soaring […]
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The USD/JPY exchange rate pulled back this week as focus shifted to the upcoming Federal Reserve and Bank of Japan (BoJ) interest rate decision. It fell to a low of 146.25, down by almost 3% from its highest level in July. Federal Reserve interest rate decision The USD/JPY exchange rate pulled back sharply as traders […]
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The USD/ZAR exchange rate wavered after the Federal Reserve slashed interest rates for the first time this year. It was trading at 17.4280 up from the year-to-date low of 17.28. It remains down by nearly 13% from the YTD high. Federal Reserve interest rate decision The USD/ZAR exchange rate rose slightly after the Federal Reserve […]
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US markets fell hard on Friday after President Donald Trump threatened to impose a “massive increase of tariffs on Chinese products,” reigniting investor concerns about a renewed US-China trade conflict. The comments triggered a broad market selloff, erasing early gains and sending major stock indexes sharply lower. Stocks reverse gains as trade tensions resurface The […]
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US stock markets fell sharply on Friday after President Donald Trump threatened a “massive increase of tariffs on Chinese products,” accusing China of “becoming very hostile” with its restrictions on rare earth metals. The metals are critical for both the tech and defense industries, and the remarks immediately triggered a broad market sell-off, erasing early […]
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US stocks surged on Monday, reversing Friday’s steep sell-off, after President Donald Trump reassured markets that trade relations with China “will all be fine.” The Dow Jones Industrial Average rose 500 points, or 1.1%, while the S&P 500 climbed 1.3% and the Nasdaq Composite advanced 1.6%. Technology companies led the gains. AMD and Nvidia both […]
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Tesla stock rose on Wednesday, rebounding from a 2% decline in the prior session, as attention remained fixed on Chief Executive Elon Musk’s potential $1 trillion compensation package and fresh optimism from Wall Street analysts. The S&P 500 rose 0.2%, the Nasdaq Composite added 0.3%, and the Dow Jones Industrial Average gained 102 points, or […]
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US markets closed higher on Friday as investors weighed fresh inflation data, weakening consumer sentiment, and mixed corporate developments. Tesla shares edged up on optimism over its artificial intelligence and robotics expansion, while Toyota issued a recall for its Supra vehicles. Meanwhile, President Donald Trump signaled progress toward a potential Gaza deal, adding a geopolitical […]
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OpenAI has become the world’s most valuable startup after closing a secondary share sale that allowed its employees to sell about $6.6 billion worth of stock, according to a Bloomberg exclusive. The deal valued the company at $500 billion, overtaking Elon Musk’s SpaceX and establishing OpenAI as the top privately held startup by market value. […]
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Cryptocurrencies remained elevated on Tuesday as Bitcoin climbed past $117,000. While altcoins stall ahead of potential breakouts, Pump.fun’s native token led the rebound with an over 13% increase in the last 24 hours. Amplified accumulation by large-scale investors fueled the PUMP rally. According to Lookonchain, four whales bought 2.74 billion PUMP coins, worth around $14 […]
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