Central Bank

USD/NGN remains compressed inside a multi-year symmetrical triangle as traders watch whether naira strength can force a deeper downside move. Stronger foreign exchange inflows have improved dollar supply, but oil revenue risks and import demand remain key pressure points.

Hungary’s path to the euro is politically appealing but economically demanding, with strict convergence rules and deep institutional tests. Experts say the country would need sustained reforms, stronger EU trust and fiscal discipline before membership becomes realistic.

The Federal Reserve is widely expected to leave benchmark rates unchanged at today’s policy meeting, the first under Chairman Kevin Warsh. Markets are watching for any shift in language that could signal a more hawkish stance on inflation and future cuts.

Brazil’s central bank unveils sweeping new crypto regulations, requiring licenses, reporting of international transactions, and capital levels up to $7 million for firms.