The Naira remained stable against the dollar to close at N463/$1 on Tuesday.
U.S dollar index used to gauge the U.S dollar strength against other global currencies, was up by over 0.5% trading at 94.135.
The Naira depreciated against the dollar to close at N463/$1 on Monday.
The U.S. Dollar Index that tracks the greenback against a basket of major currencies was up 0.16%.
At the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N462/$1 on Friday.
Despite the intervention measures by the CBN, why does the disparity between the official and black-market rates remain high?
Investors selling out other G7 currencies and increasing their buying pressure on the U.S dollar.
At the black market, the Naira depreciated against the dollar to close at N465/$1 on Wednesday.
The dollar has gained traction of late on the bias that the COVID-19 virus seems to be going out of hand.
The U.S dollar dropped amid worries about the second wave of COVID-19 caseloads in the emerged markets.