Newonline reports that the greenback rose on Thursday as a lack of progress in peace talks between Russia and Ukraine increased demand for safe-haven currencies and as the United States released the most oil from its emergency reserve in an attempt to cushion the impact of the war on energy demand.
In after-hours trading, the dollar index rose 0.492% to 98.31, weighing the greenback against a basket of six global peers.
As a result of Russia’s invasion of Ukraine on Feb. 24, the dollar has attracted safe-haven influxes, and it is on track for a rise of around 1.6% for the month of March, and around 2.8% for the first quarter.
That being said, the ECB is unlikely to make specific commitments on how to combat inflation until the energy crisis and considerable economic effects of the Ukraine war are no longer present. As a result, the euro will also take some time to appreciate on a sustainable basis.
Details of how to check 2024 UTME Results online and via SMS with a phone…
CBN banned Moniepoint, Opay, and Kuda, among some other online microfinance banks from taking new…
FG has deregulated meter prices and also announced new price for all pre-paid meter phases…
MultiChoice has been prohibited from raising DStv and GOtv subscription fees. NewsOnline Nigeria reports…
Google has officially opened the portal for the Startups AI Accelerator Africa Program, apply below.…
President Tinubu is reportedly set to redeploy Adelabu and Matawalle among other underperforming ministers in…