210m in the foreign exchange market to meet the requests of customers, as the regulator continues its efforts to maintain a stable exchange rate for the naira. 55m each to the Small and Medium-scale Enterprises segment and the invisibles segment to meet needs for tuition and medical payments and Basic Travel Allowance, among others. Confirming the releases, the CBN Acting Director in charge of the Corporate Communications Department, Isaac Okorafor, said the continued intervention forex market breakdown the bank was in line with its commitment to ensure liquidity in the market as well as reduce pressure on the naira. Okorafor said that the CBN was pleased with the current market situation brought about by policies it had put in place to check forex speculators, round trippers and rent-seekers.
According to Okorafor, the bank will not relent in its effort to manage the country’s forex with a view to reducing its import bills and checking any hemorrhage of its foreign reserves. 210m to cater for requests in the various segments of the forex market. 1 in the BDC segment of the market on Wednesday. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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They help you make complex decisions about how to make better trades. Subscribe and discover opportunities that are not otherwise apparent. Free Forex Trading Signals Free Forex Trading Signals – Free currency trading signals, analysis, and market moves from the currency and Fx markets including position recommendations for your daily trading. Ready to quit your day job and become a full-time trader? On Wednesday, EUR attempted a correction in view of positive German data on unemployment and retail sales. In April, the growth in retail sales significantly exceeded forecasts and amounted to 2. In May, the unemployment rate fell from 5.
The strengthening could be short-lived, as the political crisis in Italy continues to worsen. The new government, which should be formed by Carlo Cottarelli, is unlikely to receive the approval of the parliament, which will lead to new elections in September. American investors are now following the development of the US-China trade conflict and the publication of data on US GDP. On Tuesday, Donald Trump said he could impose additional duties of USD 50 billion to pressure China in the new round of negotiations.
PRC’s authorities confirmed the determination to defend their economic positions. US GDP in Q1 is likely to remain at the same level of 2. The consolidation of the price above 1. Technical indicators give ambiguous signals: Bollinger Bands are pointing down, MACD histogram grows in the negative zone, Stochastics is preparing to leave the oversold zone and form a buy signal.