The Qatari riyal's peg to the US dollar has been of great benefit to Qatar's economy, the country's central bank governor Sheikh Abdullah bin Saud al-Thani said in an interview published on the central bank's website on Monday. Asked by the local Lusail
China’s foreign exchange reserves fell $28.57 billion in February, slightly less than expected and easing from January’s slump, suggesting the central bank is scaling back its interventions to support the yuan as capital outflows slow. Still, China’s
Egypt's central bank said it would hold an exceptional auction on Sunday for $500 million to cover imports of strategic goods, pumping more foreign exchange into an economy that has been starved of dollars. Egypt, which relies heavily on imports, hasn't
Poland’s zloty may weaken further against the euro and the dollar, and a weak zloty is good for exports and the economy, the newly-appointed member of the central bank’s rate-setting panel Jerzy Kropiwnicki said. “It is not a big worry for me that zloty
The dollar-euro pair traded flat Wednesday while the pound recovered a bit against the greenback ahead of key US data releases that could shape the Federal Reserve's rate plans. The euro was barely changed from Tuesday at $1.0865 while the pound pushed
US stocks slipped with Treasuries, while the dollar strengthened after a jobs report boosted speculation that the Federal Reserve will raise interest rates this year. Crude fell for the first time in three days. The Standard & Poor’s 500 Index fell after
The euro weakened against the dollar Monday pressured by a return of negative inflation in the eurozone, while the safe-haven yen benefited from a disappointing G20 finance meeting. The euro fell to $1.0876 around 2200 GMT from $1.0935 at the same time
China still owns the world’s largest currency reserves, but it has been burning through them at such a pace that some think Beijing might soon have to allow a sharp fall in the yuan or back-pedal on liberalisation and tighten its capital controls.
Russia’s central bank decided to introduce new rules to discourage banks from attracting foreign exchange deposits and firms from taking out forex loans because it wanted to ease pressure on the ruble and curb its volatility, three banking sources said.
The British pound plunging to its lowst level since 2009 may have a limited short-term impact on the UAE. The pound has shed nearly 10 per cent of its value since the start of 2015, and the tumbling currency may reflect on the number of British tourists