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Adeosun

A day after she allegedly said Nigeria has exhausted her borrowing space, Minister of Finance, Mrs. Kemi Adeosun, recanted yesterday, saying that the country will continue to borrow.

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Dollar and Canadian Dollar remain the strongest major currencies for the week, but both are losing momentum. Markets are rather unmoved by the highly anticipated FOMC minutes released overnight.

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GBP/USD – 1.2981

Recent wave: Wave V of larger degree wave (III) has ended at 1.1986 and major correction has commenced from there for gain to 1.3000 and 1.3140-50

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