FOREX-Yen drops to 5-yr low, European currencies shine

30/12/2013 08:20 AST

The yen dropped to five-year lows against the dollar on Monday, extending losses to more than 17 percent for the year on a mix of improving sentiment on the global economy, rising investor risk appetite and expectations of more central bank stimulus.

Unlike the past few years when financial markets lurched from debt crisis in Europe to U.S. political deadlock, investors are generally upbeat on the global economic outlook next year.

The euro and its European peers held near two-year highs against the dollar, supported by comments from the European Central Bank chief that there is no urgent need to cut rates.

For more on this Click Here


Reuters

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683

Exchange Rate against US Dollar

US Dollar 1.00
Saudi Riyal 3.75
Derham Emirati 3.67
Qatari Riyal 3.65
Kuwaiti Dinar 0.30
Bahraini Dinar 0.38
Omani Riyal 0.39
Euro 0.81
British Pound 0.71
Japanese Yen 104.70

Recent News

Oman can defend its currency peg, central bank governor says

05/04/2018

Oman has the means to maintain its currency peg and has no plans to change it even though the decline in oil prices has hurt its finances, central bank Governor Tahir Al Amri said.

Oman’s g

Gulf News

China’s yuan to post biggest quarterly rise against dollar in a decade

02/04/2018

China’s yuan firmed against the dollar on Friday and is set to post its biggest quarterly gain in a decade, as the country attracts capital inflows and US trade frictions bolstered expectations of a

Gulf News

US dollar share of global currency reserves hits 4-year low — IMF

01/04/2018

The US dollar’s share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other currencies’ shares of reserves grew, data rel

Gulf News

US dollar weighed down by trade and interest rate policies

29/03/2018

The US Dollar Index, a measure of the value of the US dollar against a basket of currencies, teetered and dropped to quarterly lows in March, which also happen to be the lowest the index has been sin

The National

Turkish lira weakens beyond 4 against dollar as economy worries weigh

29/03/2018

Turkey’s lira weakened beyond the psychologically important level of 4.0 to the US dollar yesterday, bringing it close to a record low, as concerns about double-digit inflation, and politics, continu

Gulf Times

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap