Peru Central Bank Issues Guide on SWIFT Codes for International Transfers

Peru Central Bank Issues Guide on SWIFT Codes for International Transfers

The SWIFT code CRPEPEPLXXX of the Central Reserve Bank of Peru (BCRP) is used for international money transfers. Using the correct code is crucial to avoid delays or failures in remittances. This code identifies the BCRP as the recipient bank in international transactions. Ensure accurate entry of the SWIFT code when initiating a transfer to Peru to guarantee funds reach the intended beneficiary promptly and securely. Double-checking the code with the recipient or BCRP is recommended to prevent errors.

Nigeria Tops African Stock Markets Amid Divergent July Growth

Nigeria Tops African Stock Markets Amid Divergent July Growth

African stock markets showed mixed performance in July. The Nigerian stock market led the gains with a 16.56% increase, while the South African stock market rose by 2.28%, although Rand depreciation may pose challenges. Mauritius and Kenya also recorded growth. Investors should pay attention to the economic differences between countries and make cautious decisions.

Euro Rises As ECB Holds Firm Bulls Eye Key Moving Average

Euro Rises As ECB Holds Firm Bulls Eye Key Moving Average

The ECB held interest rates steady, but slightly hawkish economic projections boosted the Euro. EUR/USD broke above the 100-hour moving average and is now testing the key resistance level of 1.1762. Whether the bulls can hold the 100-hour moving average will determine the short-term trend. Market participants are focused on Lagarde's speech to gauge the ECB's next move.

AUDUSD Tests Key Resistance at 06625 Amid Market Uncertainty

AUDUSD Tests Key Resistance at 06625 Amid Market Uncertainty

AUD/USD is oscillating within the 0.6400-0.6700 range, currently around 0.6636. Bulls are attempting to breach the 0.6700 resistance, but bears are showing strength. 0.6625 is a crucial short-term support level; holding above it could pave the way for further upside, while a break below could trigger a pullback. Investors should pay attention to economic data, monetary policy, and global risk sentiment.