Money Market print
Date: August 02, 2012

FX Analysis:

  • The Naira depreciated at the WDAS on Wednesday (01.08.12) closing at $/₦155.86
  • At the Interbank , USD appreciated closing at $/₦161 offer while the parallel market closed at ₦164 offer

MM Analysis:

  • The Interbank market is relative liquid.
  • However, interest rates closed at 15% and 18% for OBB and overnight funds respectively.
  • We expect interest rates to remain at the current levels for the rest of the week.

 

 

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