Gold futures prices rising to points not touched since September 2011
The U.S. Dollar Index dropped by 0.02% to trade at 95.090 at the time of this report.
Analyst survey expects the dollar to weaken by about 2% to 94.1 by the second quarter of next year.
IMF's data showed that global reserves dipped to $11.731 trillion from $11.824 trillion in Q4 2019.
The trade imbalance between the two countries heavily gives China an advantage.
The local currency strengthened by N0.83 against the dollar, when compared to the N386.33 to a dollar that is exchanged on Friday, May 29, 2020.
The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further devaluation in the Naira.
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