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- ADX names Mena start-up Thndr as remote retail trading member
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31/08/2013 06:05 AST
The yen gained against the majority of its 16 most-traded peers as investors bet the financial turmoil that has weighed on emerging-market assets in August has longer to run, fueling demand for Japan's currency as a haven.
The yen strengthened versus all but one of its major counterparts this week amid the threat of U.S.-led military action against Syria. The euro fell to a one-month low versus the dollar. Norway's krone weakened for third day against the U.S currency after retail sales fell last month and unemployment climbed in August. India's rupee recorded its biggest monthly loss in 20 years on concern a deepening economic slowdown will deter investors.
"Given the situation in Syria, a lot of people are on the sideline," Vassili Serebriakov, a foreign-exchange strategist at BNP Paribas SA in New York, said in a telephone interview. "But there's an interest in turning more bullish on dollar-yen. We're seeing rebuilding in dollar-yen positions."
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Bloomberg
| 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 |
31/07/2025
The Indian rupee has dropped to 23.86 from 23.80 against the dirham as currency markets opened following US President's Trump's threat of 25% tariffs on Indian exports to his country.
This w
Gulfnews
28/07/2025
UAE expats sending monthly remittances should not just be looking at how their currencies are faring against the dirham - keep an eye on whether there are any deals available on remittances fees.
Gulfnews
25/07/2025
The dollar traded sideways against the euro on Thursday after the European Central Bank held rates steady, and was wedged between prospects for higher Japanese rates that supported the yen and worrie
Asharq Al Awsat
23/07/2025
If you've ever wondered why gold prices in Dubai seem to shift even when global rates stay steady, the answer often lies in currency movements-not just the US dollar, but the Indian rupee too.
Gulfnews
21/07/2025
There is no market like the foreign exchange (FX) market. With over USD 7.5 trillion in daily turnover, FX is by far the largest and most liquid financial asset class in the world.
Unlike eq
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