GBP/USD ended the American session barely unchanged at 1.5465 after trading a broad range on Wednesday, pulling back into the 1.5530 area during the European morning where the pair encountered heavy selling interest at Monday's lows, then breaking below
The euro nursed heavy losses in Asia on Thursday, having plumbed its lowest level in 11 months, as signs the European debt crisis could run and run sent investors fleeing risk assets for US Treasuries. The Asian focus will be on the HSBC flash China PMI
The exchange rate of the US dollar against the Kuwaiti Dinar was unchanged Thursday at KD 0.278, said the daily bulletin of the Central Bank of Kuwait (CBK), which showed the rate of the euro now at KD 0.361. The CBK bulletin said the Japanese yen was
ICD Middle East (ICD) commenced operations in Dubai, United Arab Emirates (UAE), the world's first money market fund (MMF) portal licensed to arrange credit and deals in investments in the Middle East by the Dubai Financial Service Authority (DFSA). This
The rupee continued to sink against the dollar, trading at 54.29 at 10.25 am. On Wednesday, the domestic unit closed at a new low of 53.71 after briefly breaching 54. Market players say it is high time the RBI intervened in the market to protect the
The euro crept higher on Thursday, but still hovered near an 11-month low hit the previous day as signs the European debt crisis is far from over prompted investors to sell risky assets and bolstered demand for the dollar. The euro rose 0.1 percent to
The euro wallowed at two-month lows in Asia on Tuesday, while commodity currencies also nursed heavy losses as investors braced for a possible mass downgrade of euro zone sovereign credit ratings as soon as this week. Market tension flared after rating
Traders showed their displeasure with European officials Monday by sending the euro to its lowest level in two months. The common currency plunged below $1.32 for the first time since Oct. 4, cratering at $1.3163 before rebounding slightly to end
AUD/NZD continued to stretch higher on Tuesday, ending NY at 1.3230 from an earlier low of 1.3172. In Asia, the pair is trading a tight 1.3200/1.3240 range. The cross managed to trade "a sustained break above the 1.3200 level, seeing a retest of the
The dollar firmed in Asian trading Wednesday after the Federal Reserve dismissed the possibility of fresh monetary easing, which would have weakened the dollar with the aim of injecting liquidity into the financial system to pump up the economy.