Market Rates at 11:30am - Euro Surges Against US Dollar and Japanese Yen, Brent Crude and WTI Crude Drop by over 5 percent...

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Published (Updated) on Thursday, March 23, 2023

In today's commodities and exchange rates report at 11:30 am, the Euro made significant gains against both the US Dollar and Japanese Yen. The Euro was trading at 1.08755 against the US Dollar, marking a rise of 2.54%, and at 142.739 against the Japanese Yen, marking a decline of 0.26%.

On the other hand, both Brent Crude and WTI Crude have experienced a decline of over 5%. The UK OIL Brent Crude (Spot) is trading at 76.17, down by 5.38%, while the US OIL WTI Crude (Spot) is trading at 70.08, down by 5.01%. Additionally, Natural Gas (Spot) has decreased by 3.49% and is currently trading at 2.186.

Furthermore on currency market, the US Dollar weakened against the Nigerian Naira, with the exchange rate currently at 460.9800 (CBN Rate). Meanwhile, the Great Britain Pound gained strength against the US Dollar, trading at 1.2291, marking a rise of 2.03%. The Euro also gained marginally against the Great Britain Pound, trading at 0.88473, up by 0.50%.

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