Dollar Drops to Record Low Versus Euro Amid Slower U.S. Consumer Spending

(Bloomberg) -- The dollar fell to a record low
against the euro and the weakest in 26 years versus the pound on
speculation declining consumer spending will weaken the economy
and dim the allure of U.S. assets.

The U.S. currency dropped a fifth straight week against the
euro and pound amid growing bets that the Federal Reserve will
cut interest rates this year to spur growth. U.S. reports next
week are forecast to show a slowdown in housing starts and
manufacturing, which may fuel more dollar selling.


Read more at Bloomberg Currencies News

Nigerian interbank rates dip despite cash recall

(Reuters) - Nigerian interbank interest rates was unchanged to lower at the short-end of the market this week previously despite a big withdrawal by the state oil firm NNPC, traders said on Friday.

The secured Open Buy Back (OBB) rate was unchanged at 10.5 percent, while call money and overnight placement both dropped to 12 percent from 13.5 percent last week.


Read more at Reuters Africa