Forex crisis: Exchange rate now N400/ USD1 in parallel market

In what is ending up being progressively clearer, a cocktail of bad choices, incoherent policies intensified by instability in the markets, as well as a fastidious clinging to old-fashioned ideas, the fate of the Naira hangs in the balance as it continues its down slide. This report will show why the Muhammadu Buhari administrations misplaced belief that hope is finest served for supper, at a time when there might be no one at the table because the diagnoses for the Naira and the economy, do not motivate self-confidence and growth.

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Saxo Payments provides corporate access to real-time FX trading and payments

Saxo Payments, the worldwide deals services carrier, is extending its footprint in the global trading sector with the addition of a real-time FX trading platform, easily accessible to members of the Banking Circle.Orders can be put directly in a company’s trade ticket from a mobile or tablet and push alerts and informs mean Corporate Treasury groups can respond to market motions instantly. Trades have optimal precision and low slippage, and, in typical market conditions.

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It's Getting Harder for Currency Traders to Make Money, Market Veteran States

The $5.3-trillion currency market is getting harder for traders to make money in as rate changes that as soon as took months or weeks now take place faster, states Hugh Killen, Westpac Banking Corp.’s head of trading for foreign exchange, fixed income and products.Liquidity is drying up because investors and banks are shying away from taking danger, and that produces sharper, quicker currency turns, said Killen, whose career in monetary markets spans 27 years and positions in Sydney.

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Trading

Europe s typical currency bought $1.0924, climbing up 3.8 percent from a practically eight-month low reached in December.

Trading

Europe s typical currency bought $1.0924, climbing up 3.8 percent from a practically eight-month low reached in December.

Trading

Europe s typical currency bought $1.0924, climbing up 3.8 percent from a practically eight-month low reached in December.