August 9, 2019 / 1:36 PM / a month ago

Nigeria naira weakens on falling oil prices, lower bond yields

LAGOS, Aug 9 (Reuters) - Nigerian naira weakened to 364 per dollar on Friday, from a quote of 363.50 its previous day as falling oil prices worsened liquidity woes on the currency market, traders said.

The dollar shortage was initially caused by a slowdown of foreign inflows after local debt market yields declined.

The naira broke through a resistance level of 363 it has been quoted at since this week as the liquidity pressure worsened, traders said. (Reporting by Chijioke Ohuocha; Editing by Alison Williams)

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