Currency
Dollar and euro quotations this Monday February 2
Reported by AI Image generated by AI
On Monday February 2, reports detail the official dollar quotation at Banco Nación and the blue dollar in Argentina, along with variants like MEP and Cripto, with no limits on currency purchases since April.
According to S&P Global Ratings, Kenya is among African countries facing debt pressures that could weaken local currencies. External debt repayments across the continent are set to exceed USD 90 billion in 2026. This surge may intensify pressure on the Kenyan shilling, currently trading at around Ksh129 per US dollar.
Reported by AI
Nigeria’s economic outlook gains support from rising global oil prices and stronger foreign exchange inflows, which are boosting the naira.
Following recent stability bolstered by bank coordination, Ethiopia's National Bank is maintaining a tight monetary policy amid the birr's gradual depreciation, as reported by Addis Fortune.
Reported by AI
Gold prices have reached a record $5,000 per ounce, equivalent to about Ksh638,000, due to the weakening US dollar. This global trend is increasing demand for the metal and affecting Kenya's financial markets. The Central Bank of Kenya is expanding its gold reserves to diversify foreign holdings.
Japan's Nikkei stock average surged to a record high of 53,814.79 shortly after trading opened on January 13, fueled by reports of a possible snap election. The rally followed Wall Street gains and a weaker yen. Finance officials hinted at potential currency intervention.
Reported by AI
On Tuesday, January 13, Seoul stocks opened higher on gains in auto and shipbuilding shares, hitting an all-time intraday high before trimming advances as semiconductors weakened. The KOSPI index stood at 4,645.86, up 0.46 percent, as of 11:20 a.m. Positive overnight U.S. market performance supported the early rise.
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