Money Market

CBN sustains liquidity in forex market; disburses $280 million to SMEs, BDCs, invisibles

Culled—Proshare April 18, 2017/CBN The Central Bank of Nigeria (CBN) on Tuesday, April 18, 2017, underscored its determination to sustain liquidity in the foreign exchange market with the injection of $280 million into various sectors of the market and the commencement of its weekly $20,000 sale to licensed Bureaux de […]

Forex Market Analysis: USD and JPY Falls to Five (5) Month Low

Culled—Proshare April 18, 2017/Meristem Source: www.merifx.com Fundamental Indication On Monday, the 17th of April 2017, the dollar fell to a five-month low against the yen as pressures rose over the US-North Korea stand-off. This kept the safe-haven Japanese currency in demand as the dollar declined to 108.136 yen, its lowest […]

Forex Market Analysis: EUR/USD Approaches The 1.0507-1.0494 Support Area

Culled—Proshare April 13, 2017/Meristem Fundamental Indication  USD: The dollar has been reacting to the mixed sentiments by market participants as a result of the Political discussions and economic news releases. This includes, but not limited to: The meeting held last week between President Donald Trump and President Xi Jinping. President […]