The Central Bank of Nigeria (CBN) is reintroducing the Wholesale Dutch Auction System (WDAS) to guide foreign exchange transactions in the country, effective next Monday.

The re-introduction of the Wholesale Dutch Auction System (WDAS) in place of the Retail Dutch Auction System (RDAS) in the foreign exchange market becomes effective from next Monday, the Central Bank of Nigeria (CBN) has said.

The Central Bank of Kenya has no plans to tap the market to raise its foreign exchange reserves to the equivalent of six months import cover, Governor Njuguna Ndung'u told Reuters.

THE Central Bank (CBN), said in a circular to all banks yesterday that it would lift foreign exchange controls for Nigerian buyers of U.S. dollars from Monday, following a decision by Governor

LATEST figures from the Reserve Bank on gold and foreign exchange reserves have caused confusion in the market because they seem to suggest that when it comes to the rand exchange rate, the Bank is talking one game, but playing

The street remains generally bearish on USD with the US' fiscal stance, diversification talks by key reserve holders as well as diminished speculations about Fed rate hike being the key driving forces. Although global economic contraction has shown signs of

As indicated in our previous update, the Ichimoku cloud bottom continued to cap sterling’s upside and price finally broke below the Tenkan-Sen, sugesting the rise from 118.87 has at least formed a temporary top at 162.60 earlier and although price

EUR/GBP's strong break of 0.8581 support indicates that recent choppy recovery from 0.8399 has completed at 0.8670 already. More importantly, the three wave structure suggests that it's merely a correction in the larger fall from 0.9494. Intraday bias is now

Although the greenback continued to move higher from recent low of 1.0784 and although gain to 1.1815 cannot be ruled out, as this move is still viewed as retracement of recent decline from 1.3066 top, upside should be limited to

EUR/CHF's fall from 1.5380 is still in progress and at this point, intraday bias remains on the downside as long as 1.5192 minor resistance holds. Nevertheless, downside is expected to be contained well above 1.5011 support and bring rally resumption.

The equity bear was knocking at the door last week, and it looks as though oil and gold trade desks have unbolted the locks, and are about to open up to have a better look at what is outside. In

The USD/JPY continued its heavy losses yesterday after the currency pair reactive negatively to the inflection point of our 1st tier uptrend and downtrend lines. Volume increased to the downside with the currency pair breaking below important March 19 lows.

The Cable is posting a solid rally Thursday after the BoE kept its 125 billion Pound quantitative easing plan unchanged. Though many analysts were expecting a 25 billion bump up this time around, we warned that these rumors may have

Yen strengthening this week has manifested itself in a dramatic fashion on USD/JPY, a daily chart of which is shown. Needless to say, the 300+ pip plummet in the pair yesterday, not to mention the even more drastic drops in