Hawkish US Fed Tempers Naira's Bullish Outlook
The recent 25-basis-point rate increase and hawkish forward guidance issued by the U.S. Federal Reserve have exerted upward pressure on the US dollar, thereby limiting near-term bullish sentiment in the Nigerian Naira. The post Hawkish US F
The U.S. Federal Reserve raised interest rates by 25 basis points and issued hawkish forward guidance, strengthening the dollar. The move has put upward pressure on the greenback and capped near-term bullish sentiment on the Nigerian Naira.
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