Nigeria

2024-12-28 17:01

IndustryAustralian Dollar depreciates, downside seems limi
The Australian Dollar retreats from its 20-month high of 0.6908. Australia’s Monthly Consumer Price Index increased 2.7% YoY in August, falling short of expected 2.8% rise and previous 3.5% rise. PBOC's Gongsheng announced to reduce the RRR by 50 basis points and the seven-day repo rate from 1.7% to 1.5%.
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Australian Dollar depreciates, downside seems limi
Nigeria | 2024-12-28 17:01
The Australian Dollar retreats from its 20-month high of 0.6908. Australia’s Monthly Consumer Price Index increased 2.7% YoY in August, falling short of expected 2.8% rise and previous 3.5% rise. PBOC's Gongsheng announced to reduce the RRR by 50 basis points and the seven-day repo rate from 1.7% to 1.5%.
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