Trump victory is ‘good’ for the naira
Donald Trump victory is good for the naira, and many other countries around the world, the markets have shown. A Trump victory is seeing a plunge in the US dollar, and a record fall in the Mexican Peso, which has lost over 12 percent in the past 24 hours. The US dollar has fallen by three percent to the Japanese yen, while the Mexican Peso is ploughing fresh record lows against the US dollar and the euro, with fears that a Trump presidency will hurt the Mexican economy hard, the Guardian is reporting. (more…)
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