Bitcoin price is trading above $90,000 early on Thursday across cryptocurrency exchanges over swinging trading patterns post U.S election victory.  The largest cryptocurrency has since the U.S election gained 30% as retail investors continue to take position on Donald Trump pledge to boost regulation.

The money market rates heated up further due to deficit balance in the financial system. The short-term benchmark rates continue to surge in the week after successive primary auction sales caused huge outflow in recent past week.

The naira exchange rate improved in the foreign exchange (FX) market midweek due to improve US dollar liquidity.   According to spot data from the FMDQ platform, the naira appreciated by 2.63%, closing at ₦1,645.40 per US dollar at the official market.

The U.S. consumer price index (CPI) which measures inflation rate, increased to 2.6% in October, according to data released today.  The consumer price index increased by 0.2% month over month and 2.6% from the year-earlier period, as expected.