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Central Bank of Nigeria moves dollar peg to NGN168

FXStreet (London) - In the Central Bank of Nigeria Governor's Briefing of the Monetary Policy Communique it was announced that the official Niara USD/NGN pegged rate would be moved to NGN168.

It was also announced that the bench mark rate would be raised from 12 percent to 13 percent and that the Nigerian naira (NGN) midpoint band would be widened from 3 percent to 5 percent.

USD/CAD keeps falling, 1.1250 eyed

The greenback extends its bearish momentum vs. the Canadian dollar on Tuesday, with USD/CAD now easing to session lows in the 1.1260 region...
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Silver stuck near 50-DMA, Gold recovers to USD 1200

The Silver prices are stuck near the 50-DMA level located at USD 16.697, while Gold prices have recovered the post US GDP losses to trade near the USD 1200 mark.
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