Forex Dormant, Traders Cautious

In 2021, there are clear trends for a new investor profile emerging. Millennial investors are a novel cohort that needed to encounter a series of personal finance headwinds, from stagnating wages to an overheated housing market. Meanwhile, India’s oil demand is predicted to return to regular by the end of 2021, having reduced its crude oil import as a end result of covid-19 crisis within the country. Despite the ban on crypto transactions in Nigeria, it appears Nigerians are still very much in the enterprise of trading in cryptos and particularly bitcoin. According to data tracked by Nairametrics from FMDQ, forex turnover decreased from $160.12 million recorded on Wednesday, thirtieth June 2021 to $61 million on Thursday, 1st July 2021. The opening indicative fee remained fixed to shut at N411.21 to a greenback on Thursday, 1st July 2021 the same as recorded on yesterday.

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