Naira Weakens to 7-Week Low as U.S. Inflation Data Influences Market
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#f4e83713 ver:1.57

The Nigerian Naira continues to weaken against the US Dollar, reaching a 7-week low. Lack of interventions by the Central Bank of Nigeria and increased demand for foreign currency are contributing factors. The depreciation of the Naira affects purchasing power, inflation, and the overall economy. Measures are being implemented to stabilize the exchange rate. The US inflation data will influence the market and may lead to interest rate cuts. The US economy is still fragile, and caution is advised. #Naira #Forex #Inflation #Economy...

#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #ForexTurnover #PeterObi #EconomicAndFinancialCrimesCommission #UsDollar #MajorCurrencies #UsInflation 

 https://here.news/story/f4e83713?ver=1.57