3 results for “us dollar”
The US dollar retreated from multi-month highs as concerns about artificial intelligence capital expenditure and credit stress in technology infrastructure pushed Treasury yields lower and softened the Dollar Index toward 101.80.
Latest fundamental analysis projects the naira will remain around N1,290 to N1,370 per US dollar through October, with the CBN's reduced policy rate and seasonal import demand capping both appreciation and sharp depreciation.
The dollar index held near 102.07 and headed for its first weekly decline since mid-September as the 10-year Treasury yield fell about 15 basis points and the euro recovered from a 17-month low.