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- Energy official urges balanced transition for sustainable future
- Central Bank of Oman launches national payment card 'Maal'
- Oman's natural gas output hits 32.9bn cubic metres in first 7 months of 2025
- Saudi inflation edges up to 2.3% in August, rents remain the key driver
- UAE real estate sector celebrates excellence as it continues to reach new heights
- Carrefour ceases operations in Bahrain effective September 14
- Tesla gains as Musk's $1 billion stock purchase reinforces confidence in EV maker
- UAE's du announces final price for secondary public offering, raises Dh3.15 billion
- Realty sector contributes 7.4% to GDP with value added reaching QR13.44bn
- QIB announces new millionaire of Misk account
30/05/2012 23:36 AST
EUR/USD is currently at 1.2465, off from another fresh 2012 lows at 1.2456 and lowest since July 2010, amid a new round in risk-off sentiment sending local share markets to the red again, Nikkei down -0.73%, and gold flirting with fresh weekly lows below $1550. Worse than expected Aussie retail sales figures pressed risk sellers to print new session lows in a downward session that started around 1.2487 highs.
London session ahead shows a soft EUR macro data related agenda, with only EZ M3 money supply at 08:00 GMT along with EU private loans at same time and EU retail PMI 10 minutes later, for then after NY open ECB chairman Draghi due to give a speech at Brussels. Headlines coming from new developings from Spain will probably bring volatility to markets, as well as Italy sovereign bond auctions looking for more than ?6B in 5 and 10 year maturities. Spain 10y yields sit now around the 6.45% and Italy's at 5.90%.
For the immediate term, support to the downside for EUR/USD sits at recent session and 2012 lows 1.2456, followed by June 17/28 2010 highs at 1.2414/1.2398 and June 1st 2010 lows 1.2354. For the upside, closest resistance shows at Friday's lows 1.2490, followed by yesterday's Asian session lows at 1.2508 and Monday's lows 1.2525.
NASDAQ
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
11/09/2025
Remittances from the UAE are on the rise as several South Asian currencies have weakened in recent weeks. The key question: will this trend continue?
For those sending money home, timing is
Gulfnews
08/09/2025
Many Indian expatriates are adopting a "wait and watch" approach to sending money back home, even as the Indian rupee slipped to record lows against the UAE dirham. Some are waiting for the rupee to
Khaleej Times
03/09/2025
The US dollar clawed back some ground in Asian trading on Tuesday.
The dollar index was last up 0.2% at 97.873, having touched its lowest since July 28 on Monday. Gold hit an all-time high.
QNA
02/09/2025
The dollar hit a five-week low on Monday as investors looked ahead to a raft of US labor market data this week that could affect expectations for the Federal Reserve's easing path.
Traders w
Asharq Al Awsat
29/08/2025
Iran's rial currency fell to near-record lows Thursday as concerns grew in Tehran that European nations will start a process to reimpose United Nations sanctions on the Islamic Republic over its nucl
Asharq Al Awsat
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