The US dollar closed at ₦460/US$1 in the parallel market
Tether treasury minted a whopping 250 million USDT, as seen on Whale Alert
The US dollar is weaker as traders placed a very dovish spin of the Fed shift to inflation targeting.
Global Stocks ended the week mixed on the present prevailing macros.
The drop is speculated to have been caused by the high number of Americans who claimed unemployment benefits.
Tether accounts for 93% of stablecoin use in the region.
This is the longest losing streak recorded by the safe-haven currency in ten years.
The U.S Fed is expected to strike a dovish stance at its policy scheduled today.
Some currency traders expect sentiments to be risk-averse in this coming week.
The U.S dollar index that tracks the American dollar against a basket of other major currencies was down 0.67% to 99.22 by 12 noon Nigerian time on...