Market Recap (15th - 19th January, 2024)
3 months ago MARKET NEWS Lagos 646 views Reference: 293
Location: Lagos
**Weekly Market Recap and Forecast:**
This is the market recap for the week in view:
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**USD Exchange Rates:**
- Opened at N1,270 (buying) and N1,280 (selling).
- Closed the week at N1,350/N1,362.
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**Euro Exchange Rates:**
- Started at N1,360 (buying) and N1,380 (selling).
- Closed at N1,450/N1,468.
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**Pound Exchange Rates:**
- Began at N1,580 (buying) and N1,605 (selling).
- Closed at N1,680/N1,700.
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**Insights:**
- USD showed moderate gains with a closing range indicating stability.
- Euro remained steady, closing with a slight upward momentum.
- Pound demonstrated a gradual uptrend, potentially influenced by economic indicators.
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**Forecast for Next Week:**
- USD: Anticipate a range of N1,320-N1,385 (buying) and N1,355-N1,420 (selling).
- Euro: Expected range of N1,410-N1,455 (buying) and N1,460-N1,500 (selling).
- Pound: Foreseen range of N1,620-N1,685 (buying) and N1,690-N1,800 (selling).
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*Note: Forecasts are subject to market conditions and may vary based on unforeseen events.*
