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Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
Central Bank Chief's Removal Sets Stage for Currency Liberalization
Nigeria is a large country located in Western Africa. It is a culturally diverse country with many different ethnic and linguistic groups. The official language is English, but there are also many local languages spoken. The country is home to a l...
EUR/NGN Outlook: Bearish, as the rate is below its recent average and near recent lows due to strengthening factors for the naira.
GBP/NGN Outlook: Slightly weaker, but likely to move sideways, as the rate is below its 90-day average and near recent lows with mixed signals impacting direction.
USD/NGN Outlook: Bearish, as the rate is below its recent average and near recent lows due to tariff concerns impacting the US dollar.