© Reuters. The Nigerian Naira has continued its decline, hitting record lows in both the official and parallel foreign exchange markets. Amidst the ongoing currency crisis, Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso is expected to announce new monetary policies today at a Chartered Institute of Bankers of Nigeria (CIBN) event. The Naira
Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro plunges most since early October on US CPI data In response, retail traders boosted upside EUR/USD bets Prices also rejected the key falling trendline from July Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro plunged over 0.8 percent against the US
Share: The Canadian Dollar is slumping against the US Dollar as markets scatter after a US CPI data beat. An uptick in US consumer prices is sending US Treasury yields higher as investors fear further Fed rate hikes. The Canadian Dollar finds little support in the inflation rush into safer assets. The Canadian
Share: The NZD/USD lost nearly 1%, falling below the key level of 0.5900. The USD benefits from a cautious market sentiment. Factory orders decreased in the US in July at a higher pace than expected. The RBA held rates steady, just as expected. The NZD/USD faced selling pressure mainly driven by a stronger