Africa
Naira and Ugandan shilling face pressure as other African currencies steady
Import demand is weighing on Nigeria and Uganda, while dollar supply and corporate sales are cushioning Kenya, Ghana and Zambia.
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Africa
Import demand is weighing on Nigeria and Uganda, while dollar supply and corporate sales are cushioning Kenya, Ghana and Zambia.
Middle East
The currency weakened beyond 2.68 million rials per dollar as sanctions, the naval blockade and inflation above 70% drove demand for hard currency and gold despite a state-bank intervention.
India
Elevated oil prices, multi-year highs in global yields and growing expectations of an RBI rate increase left Indian markets exposed during a holiday-shortened week, despite continuing central-bank support.
Global
Fatma Betül Sayan Kaya asked to leave all party posts after the opposition alleged that she and her husband turned a 163 million-lira investment into about 2.17 billion lira before a market selloff.
Latin America
The peso weakened even as inflation slowed, highlighting a widening gap between Mexico's domestic price signals and the global forces shaping demand for the dollar.