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SBP launches 2nd media drive to promote Islamic banking (Daily Times - 31/12/2014)

The extensive Knowledge, Attitude, Practices (KAP) study of State Bank of Pakistan (SBP) established demand for Islamic banking at all level but at the same time revealed lack of awareness not only among ordinary people but also even among qualified and

Islamic banking: Hope to increase share to 20% by 2020 (The Express Tribune - 31/12/2014)

Islamic banking, with the help of coordinated efforts, will achieve its target of 20% share in the overall banking industry by 2020, said “Committee for Media Campaign” Chairman Irfan Siddiqui. He praised the central bank’s efforts in launching the

Demand for Islamic banking growing (Dawn - 31/12/2014)

There is a demand for Islamic banking but at the same time there is a lack of awareness amongst the masses. State Bank of Pakistan (SBP) Deputy Governor Saeed Ahmad stated this at the launch of the second phase of media campaign aimed at promoting

Dollar supported after Greek vote casts doubt over euro (Business Recorder - 31/12/2014)

The dollar hovered near a 29-month high against the euro on Tuesday after a Greek vote triggered the dissolution of the country's parliament and anxiety about potential trouble ahead for financial markets. The austerity-minded leading coalition in Greece

Canadian Dollar Rises Against U.S. Dollar, Euro (RTT News - 31/12/2014)

The Canadian dollar strengthened against the U.S. dollar and the euro in the Asian session on Wednesday. The Canadian dollar rose to a 9-day high of 1.1586, from yesterday's closing quote of 1.1609. Against the euro, the loonie edged up to 1.4095 from

Dollar index on track for best annual gain in 9 years (Reuters - 31/12/2014)

The dollar was on track to end 2014 with a gain of 12 percent against a basket of major currencies, and anticipated U.S. interest rake hikes may strengthen its appeal in the new year. This year's gain will be the dollar's largest since 2005, when it

Dollar demand weighs on Lankan currency (Reuters - 31/12/2014)

Sri Lankan rupee forward ended slightly firmer on Tuesday as inflows into some banks offset importer dollar demand, though dealers said unusual year-end demand for the greenback from importers still weighed on the currency. Four-day forward, which were

Rouble falls back in volatile trade (Reuters - 31/12/2014)

A recovery in the rouble ran out of steam on Tuesday afternoon as oil prices slid, wiping out early gains driven by modest foreign-currency sales on the final day of trading before the New Year holidays. At 1015 GMT, the rouble was around 0.7 per cent

EUR/USD holds steady near 2-year lows, Greece in focus (Investing.com - 29/12/2014)

The euro held steady against the U.S. dollar on Monday, hovering close to two-year lows as concerns over political instability in Greece persisted and as demand for the greenback remained broadly supported. Trading volumes were expected to remain light

Soaring dollar set to boost US debt auctions’ demand (Bloomberg - 28/12/2014)

When it comes to the ability of the US government to finance itself in the bond market, this year will go down as one of the best on record - and dealers say 2015 will be no different. The smallest budget deficit since 2008, a soaring dollar and yields

Rouble’s decline may spell further trouble, says QNB (Gulf Times - 28/12/2014)

Capital flight from developing economies has accelerated, most spectacularly from Russia. A toxic mix of falling oil prices and international sanctions has unnerved investors and led to a collapse in the Russian rouble and equity markets in mid-December,

FOREX-Dollar edges back vs yen as markets slowly get back into gear (Reuters - 26/12/2014)

The dollar edged up against the yen on Friday on light bargain hunting following two sessions of losses, with markets slowly getting into gear after the Christmas holiday. Market participants expected it would still take a bit of time for business to

Yen gains vs dollar, euro in Christmas-thinned market (Reuters - 26/12/2014)

The Japanese yen rose on Thursday in extremely thin trade because of the Christmas holiday, but the dollar remained not far from the week's highs hit on diverging monetary policy outlooks. Tokyo markets were open for business as usual, giving Japanese

Russia says currency crisis over, but inflation to soar (Gulf Times - 26/12/2014)

Russia said its currency crisis was over yesterday but warned that inflation is set to climb above 10%, adding to the problems facing President Vladimir Putin’s government as it fights its worst economic crisis since 1998. The rouble plunged to all-time

Dollar gives back some gains from US GDP bounce (AFP - 25/12/2014)

The dollar Wednesday gave back some of its gains from the prior day's advance following a strong US economic report. The dollar dipped against the euro, the Japanese yen and other major leading currencies in light trade ahead of Thursday's Christmas

Rupee falls with bonds after US GDP spurs Fed rate bets (Gulf Times - 25/12/2014)

India’s rupee fell the most in a week and bonds dropped after data showing the fastest US economic growth in more than a decade bolstered the case for the Federal Reserve to raise interest rates. The world’s largest economy expanded at a 5% annual rate

US dollar stable against KD at 0.292, euro down to KD 0.356 (KUNA - 25/12/2014)

The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.292 on Wednesday, while the euro dropped to KD 0.356 compared to Tuesday's rates. The Central Bank of Kuwait said in its daily bulletin that the sterling dropped to KD 0.454,

EUR/USD drops to fresh 2-year lows on strong U.S. data (Investing.com - 24/12/2014)

The euro dropped to fresh two-year lows against the U.S. dollar on Tuesday, as data showed that U.S. consumer sentiment deteriorated less-than-expected in December and that the U.S. economy grew at a faster rate than anticipated in the third quarter.

Analysts take on forex market (IRIS - 24/12/2014)

Indian rupee has depreciated on Tuesday against US dollar. Indian currency fell 3 paise or 0.05 percent against dollar to trade at 63.27. Rupee has witnessed a high of 63.25 and a low of 63.31. Its 52-week range was 58.34-63.89. Commenting on the

USD extends gains; but USD/RUB down (FX Street - 24/12/2014)

The US dollar is trading firm on Tuesday as investors welcomed the impressive upward revision to 5.0% from 3.9% of the US GDP in the Q3. Top three winners are dollar crosses. The USD/BRL is rallying 1.45% on the day to 2.6996; the Brazilian Real is

Rouble swap shows China challenging IMF as emergency lender (Gulf Times - 24/12/2014)

China is stepping up its role as the lender of last resort to some of the world’s most financially strapped countries. Chinese officials signalled on the weekend they are willing to expand a $24bn currency swap programme to help Russia weather the worst

USD stable against Kuwaiti dinar at KD 0.292 (KUNA - 24/12/2014)

The USD exchange was stable against the Kuwaiti dinar on Tuesday trading at KD 0.292 while the euro dropped to KD 0.357, compared with Sunday's rates, said the daily bulletin of the Central Bank of Kuwait (CBK). The pound sterling exchange rate dropped

Euro is the leader, but losing steam; USD/RUB extends decline (FX Street - 23/12/2014)

The Euro started the week with advances versus its major competitors, however it's losing steam as the unique currency "was weighted by rumors the ECB will be forced to implement some form of QE in the short term, as local economic conditions continue to

EURUSD, EURCHF - The Effectiveness of Stimulus (Daily FX - 23/12/2014)

EURUSD Through the second half of 2014, EURUSD dropped from 1.4000 to well below 1.2500. While this decline encompasses a number of elements, much of the momentum was a side effect of the European Central Bank’s efforts. Whether you believe their efforts

USD/RUB drops 4% as China extends a helping hand (FX Street - 23/12/2014)

The Russian ruble firmed against the US dollar during the European session, extending gains from the previous session as offered Russia a helping hand in a bid to stabilize the depreciating ruble. Currently, USD/RUB trades now at 56.627 levels, losing

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