13 August 2018 :Global markets throughout this week are likely to remain dictated by external pressures, with this most likely being encouraged by the intense risks around the Turkish Lira crisis. The threat for the Nigerian Naira will be that investors continue to remain "risk off" during this period, with a strict reduction in trader appetite towards emerging-market assets. This means that emerging market currencies like the Naira will be off the table for investors and we can expect for the Naira to take guidance from the Lira crisis. If the Lira continues to worry global investors the Naira, like other emerging market currencies, will suffer from the risk-off environment.
Source:Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM
Reporting for EasyKobo on Monday ,13 August 2018 in Lagos, Nigeria
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