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EEC 79.95
SPIMACO 44.7 498,396
EMAAR 10 21,096,974
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RIBL 19.7 735,901
ALKHODARI 73.09 5,371,776

Forex News

South Korea’s won surges to pre-crisis level

SEOUL: South Korea's won surged Wednesday to its highest level since before the global financial crisis, sparking concern the stronger currency might undermine the export-reliant economy. The won ended at 1,041.40 to the dollar, up 10.80 won from the

Euro falls as IMF pushes ECB to act on deflation

NEW YORK: The euro fell against the dollar on Tuesday as the International Monetary Fund again urged the European Central Bank to take action to head off deflation. IMF chief economist Olivier Blanchard said action was needed "soon", noting that the ECB

Dollar claws back some losses against yen in Asia

TOKYO: The dollar on Wednesday edged up against the yen after tumbling in New York trade after the head of the Bank of Japan poured cold water on hopes it will add to its stimulus programme in the near future. In Tokyo midday trade, the greenback bought

Yen at 10-day high versus dollar as BOJ offers little on more easing

(Reuters) - The yen rose on Tuesday, as some investors trimmed bets against it after the Bank of Japan held off from additional easing and Governor Haruhiko Kuroda offered little indication that more stimulus was likely in the short term. The dollar fell

China raises 2014 short term foreign debt quota to $43.39 billion

(Reuters) - China has set a quota for the total amount of short-term foreign debt banks and companies can borrow in 2014 at $43.39 billion, the nation's foreign exchange regulator said on Tuesday, implying a rise of 16 percent from last year. The State

Australia, NZ dollars hold near highs vs USD and euro

SYDNEY/WELLINGTON: The Australian and New Zealand dollars held near recent highs versus their US counterpart and the euro on Monday as upbeat local data and talk about stimulus measures in Europe encouraged investors to buy riskier assets. The Aussie

Egypt foreign reserves up at $17.414bn in March

CAIRO: Egypt's foreign reserves rose to $17.414 billion in March from $17.307 billion in February, the central bank said on Monday. Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but were lifted last year when Gulf Arab

Top Yuan Forecasters See Rebound in Asia’s Worst Currency

The yuan is poised to recover from declines that have made it Asia’s worst-performing currency as China seeks to prevent an exodus of capital that would threaten economic growth, according to the most accurate forecasters. Nomura Holdings Inc., which had

Draghi’s $1.4 Trillion Question Lingers as ECB Mulls QE

When Mario Draghi flies to the U.S. this week, he’ll leave a 1 trillion-euro ($1.4 trillion) question mark hanging over Europe. While the European Central Bank president and other ECB policy makers can use the International Monetary Fund meetings in

Dollar Declines Against European Majors

The U.S. dollar drifted lower against European major counterparts in European deals on Monday. The greenback declined to a 4-day low of 0.8897 against the franc, compared to Friday's closing quote of 0.8914. The greenback reached as low as 1.3727

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