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CURRENCY TRADERS’
The Nigerian unofficial market rate appreciated by about 1% to close at N1,610 to the dollar on Thursday, while the NAFEX rate fell by 1.18 percent to close at N1,566.43 to the American dollar.
Currency traders' recent moves in the money market will continue to put the U.S dollar under pressure in the short term.
The U.S. Dollar Index, which monitors the greenback's strength against a basket of major currencies dropped 0.14% to trade at 92.263 points.
U.S dollar index used to gauge the greenback's strength against 6 major currencies lost about 0.2% to settle at 92.710.
The dollar has gained traction of late on the bias that the COVID-19 virus seems to be going out of hand.
The U.S. Dollar Index tracks the American dollar against other major currencies.