Time running out for naira as U.S dollar index hits two-month low
The Nigerian local currency is running out of time, and the U.S. dollar index is hovering around two-month lows as ...
The Nigerian local currency is running out of time, and the U.S. dollar index is hovering around two-month lows as ...
At press time, the U.S. dollar index, which tracks the U.S dollar strength against major currencies dropped by 0.12% to ...
The U.S dollar index is on track for a 0.5% weekly gain following record-buying at the start of the week
The U.S. Dollar Index which tracks the greenback against a basket of major currencies inched up 0.05% to 90.4020.
U.S. Dollar Index traded at 90.427 points hitting its lowest level since April 2018,
Trading activity in the currency market has been feeble overall, due to a holiday in the U.S.
Spot gold, known for tracking bullion prices in bullion, gained 1.8% to settle at $1,928.31.
Anticipation of further stimulus measures to support the U.S. economic recovery has set the greenback into retreat mode.
Investors tilted more towards the dollar as it edged up 0.19% to 93.920 by 4.40 am GMT.
Currency traders are now adding more bets on the U.S dollar especially against the euro.
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