Latest news with #FXmarket
Yahoo
08-07-2025
- Business
- Yahoo
Euro Appreciation Can Be Positive for US Earnings: Lowe
Benedicte Lowe, Europe equity derivates strategist at BNP Paribas Markets 360, discusses tariff uncertainty and what impact it might have on earnings and the FX market. Speaking on Bloomberg Television about the euro currency's appreciation over the past quarter, Lowe says that it "should be positive for US earnings, especially for the tech." She adds "the headwind could come from Europe from a higher currency level." Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
08-07-2025
- Business
- Bloomberg
Euro Appreciation Can Be Positive for US Earnings: Lowe
Benedicte Lowe, Europe equity derivates strategist at BNP Paribas Markets 360, discusses tariff uncertainty and what impact it might have on earnings and the FX market. Speaking on Bloomberg Television about the euro currency's appreciation over the past quarter, Lowe says that it "should be positive for US earnings, especially for the tech." She adds "the headwind could come from Europe from a higher currency level." (Source: Bloomberg)
Zawya
06-05-2025
- Business
- Zawya
Nigeria: Parallel, official markets gap narrows below 5% in 2025
Reduction of the spread between parallel and official market exchange rates, growing external buffers, increased foreign exchange (FX) flows and prospect of increased oil production have been identified by an economy expert and CEO of The CFG Advisory, Mr. Adetilewa Adebajo, as reasons why the Nigerian naira should trade below N1,000 to the US dollar. Adebajo, in a chat with the Nigerian Tribune, observed that with a new transparent FX management in place, driven by a Bloomberg bid and offer platform, the spread between the parallel markets and official markets has reduced from over 50 percent in 2022 to under 5 percent in 2025. He further explained that FX flows have increased, stressing that as of January 2024 to date, FX inflows have consistently outpaced FX outflows. In 2025, average monthly FX turnovers increased to US$8.1 billion compared to US$5.5 billion in 2024. Nigeria's external reserves went up from US$30 billion in March 2024 to US$40 billion by September 2024. External reserves have stabilized at US$38 billion by Q1 2025. The net reserve position has also made an impressive fivefold recovery from a low of US$4 billion in 2023 to US$23.1 billion by year end 2024. Similarly, Adebajo said the new NNPC boss had made drilling re-entry a priority. 'This is a common practice in mature oil fields to optimize production and reduce costs,' he added. According to NUPRC, the rig count has gone up from 18 to 38 in the past year and is expected to hit 50 by year end. The urgency to audit, reconcile and determine the true position of the forward oil sales contracts has become apparent, the expert suggested. According to him, Nigeria's imports in 2024 were US$43 billion, and given the average monthly turnover for the FX market, he said the country can expect the market has capacity to generate between US$97–100 billion annually. His words: 'Deducting imports values from the past five years, shows the current annual market FX turnover will cover imports and leave room for about US$40–50 billion for invisibles and other informal requirements for FX in the market.' Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
