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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: Slightly weaker, but likely to move sideways due to the rate being below its recent average and near recent lows, lacking a clear driver.
GBP/NGN Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and within a stable range.
USD/NGN Outlook: Bearish, as the rate is below its recent average and near recent lows, influenced by ongoing tariff concerns.