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Naira may face tough week due to new US interest rate policy

 

It is a new week, and currency traders will be hoping for better performance for Naira against foreign currencies, especially the dollar, IgbereTV reports

On Friday, June 17, the last trading day, the value of the Naira was unchanged against the United States Dollar in the various segments of the foreign exchange (forex) markets

In the Investors and Exporters (I&E) window, the local currency was exchanged for the US Dollar at N420.50/$1, the same value it was transacted the previous day.

While at the Peer-to-Peer (P2P) window, the Naira showed no movement against the United States Dollar as it retained the rate of N617/$1

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