Naira Trades at Lowest Level Amid Falling U.S. Dollar Index
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#f4e83713 ver:1.4
The Nigerian Naira is trading at its lowest level against the US dollar, surpassing N1,400, despite the falling US dollar index. This depreciation is due to the Naira's inability to capitalize on the situation, as Federal Reserve Chair Jerome Powell ruled out an interest rate increase. Investors are now awaiting the April non-farm payrolls report to see if the Fed will change its stance on interest rates, which could impact the US dollar index. #Naira #USdollar #FederalReserve #interestrates...
#newstr #Naira #UsDollarIndex #ForeignExchangeMarket #FederalReserve #InterestRates
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