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US dollar sinks as growth concerns weigh; safe-havens yen, Swiss franc advance

7 Mar 2025

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The safe-haven yen and Swiss franc climbed in volatile trading on Thursday, while the dollar slumped against most currencies, as jittery investors turned increasingly risk-averse amid an extended sell-off on Wall Street triggered by an escalating trade war initiated by the United States. Investors are worrying about the potential …

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Morocco approves green hydrogen projects worth $32.5 billion

6 Mar 2025

By Ahmed Eljechtimi RABAT (Reuters) – A Moroccan government committee on Thursday approved green hydrogen projects aiming to produce ammonia, steel and industrial fuel worth a total of 319 billion dirhams ($32.5 billion). The Moroccan committee picked the United States’ Ortus, Spain’s Acciona and Germany’s Nordex to produce green ammonia, the prime minister’s office said …

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South African rand jumps as Trump tariff drive weighs on US dollar

6 Mar 2025

JOHANNESBURG (Reuters) -South Africa’s rand hit its highest in nearly three months against the dollar on Thursday, which is struggling as President Donald Trump’s tariff policies fuel fears of a prolonged global trade war that could hit economic growth and fuel inflation. The rand was at 18.1525 against the U.S. dollar by 1540 GMT, about …

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Nigeria’s power generation rises 30% as grid overhaul progresses

6 Mar 2025

By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s electricity output has surged by 30% this week to a peak near 6,000 megawatts after the completion of part of an ongoing overhaul of the country’s generation infrastructure. Despite having the infrastructure to generate 13,000 MW of electricity, only a third of that has typically reached consumers through …

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Kenya shilling stable on muted importer demand and inflows

6 Mar 2025

NAIROBI (Reuters) – Kenya’s shilling held steady on Thursday, with dollar inflows and importer demand staying low, traders said. At 0742 GMT, commercial banks quoted the shilling at 129.00/40 per dollar, the same as Wednesday’s closing rate. (Reporting by George Obulutsa; Editing by Bate Felix)

Euro hits four-month peak; US dollar languishes on tariff-driven fears

5 Mar 2025

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro ascended to four-month highs on Wednesday against the U.S. dollar, as Europe’s growth prospects improved after Germany’s proposed 500 billion euro ($531 billion) infrastructure fund, potentially offsetting global trade tensions. The greenback, on the other hand, fell against most currencies, weighed down by an uncertain growth outlook …

Euro hits four-month peak; US dollar languishes on tariff-driven fears Read More »

Oil settles down more than 2% after US crude stocks build, OPEC+ hike, US tariffs

5 Mar 2025

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled down for the fourth consecutive session on Wednesday after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.S. tariffs on Canada, China and Mexico. Brent futures settled down $1.74, or 2.45% …

Oil settles down more than 2% after US crude stocks build, OPEC+ hike, US tariffs Read More »

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