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Ripple Embraced by UAE-Based Banks and Cryptocurrency Exchanges
(News BTC - 29/01/2018)

Ripple has made a big impact on the cryptocurrency industry. Its native XRP asset is in high demand on a global basis. BitOasis, Dubai’s top cryptocurrency exchange, will enable XRP trading later this week. This news comes on the heels of the UAE’s RAK

Dollar in focus ahead of Trump address
(Gulf News - 29/01/2018)

The dollar index, which hit its lowest level in three years on Friday, will be closely watched this week as market participants look for any possible reference to the greenback in US President Donald Trump’s first State of the Union address. Last week

Dollar helps propel oil to three-year high as supplies tighten
(Gulf News - 28/01/2018)

Oil just got an extra tailwind from a weakening dollar as this month is shaping up to be the best January for black gold in 12 years. That’s because when the greenback is losing value, investors tend to flock to commodities as a store of value, and this

Sterling builds on rally after GDP stronger-than-expected
(Reuters - 26/01/2018)

The pound rose on Friday after Britain’s economy unexpectedly picked up speed in the last three months of 2017, adding to the view that the hit from the Brexit vote was not as bad as expected. Gross domestic product grew by 0.5 percent in the three

Cryptocurrencies Drop After Japanese Exchange Halts Withdrawals
(Bloomberg - 26/01/2018)

Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals, spooking investors in a country that’s still wary of digital-token exchanges four years after the collapse of Mt. Gox. Coincheck Inc., based in Tokyo, said in

Dollar hits 3-year euro low as ECB warns of volatility
(Gulf Times - 26/01/2018)

The dollar sank to a three-year euro low yesterday after a top member of Donald Trump’s cabinet talked down the currency, while European Central Bank chief Mario Draghi warned that exchange rate volatility was a “source of uncertainty.” The dollar fell

Weak dollar remarks raise policy questions: Draghi
(The Gulf Today - 26/01/2018)

European Central Bank chief Mario Draghi warned on Thursday that the surge in the euro was a source of uncertainty and said the bank might have to review strategy if US comments on a weak dollar lead to a change in monetary conditions. Investors were

Dollar slides on US Mnuchin remarks, booming Europe
(Gulf News - 25/01/2018)

The US dollar hit fresh lows on Wednesday after US. Treasury Secretary Steven Mnuchin said he welcomed its weakness and figures showed that the Eurozone economy started the year at its strongest pace in over a decade. Fear of protectionism from the

Egypt gets biggest FDI deal since pound float, minister says
(Gulf News - 24/01/2018)

Egypt secured its biggest non-oil foreign direct investment deal since it floated the pound, Investment Minister Sahar Nasr said, as Dubai-based Al Ghurair Group agreed to put $333 million into a new sugar factory and farm. Canal Sugar Co., a subsidiary

The US dollar's slide and what lies ahead
(Times of Oman - 21/01/2018)

The US dollar took a harsh beating in 2017, on the way to its nearly 10 per cent fall, its worst annual performance since 2003. The currency is still reeling this year. The dollar index, which measures the greenback against a basket of major currencies,

Volatile bitcoin briefly drops below $10,000
(Gulf News - 18/01/2018)

The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 (Dh36,700) before rebounding back above $11,000 in the US afternoon. With the drop below $10,000, bitcoin had lost about half its value

Bitcoin slides 18% on crackdown fears; crypto rivals also plunge
(Reuters - 16/01/2018)

Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown. Bitcoin’s slide triggered a massive

Euro hits three-year high as Europe leads global optimism
(Reuters - 15/01/2018)

The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter policy from central banks, while the chance of a pro-European coalition in Germany also boosted confidence in the continent. With the world in general

Yuan Advances to Strongest Level in Two Years, More Gains Seen
(Bloomberg - 15/01/2018)

China’s yuan climbed to its strongest since December 2015 on Monday, and analysts predict further upside given weakness in the dollar. The onshore yuan rose as much as 0.81 percent to 6.4138 per dollar, after the People’s Bank of China raised the daily

Bitcoin may be good but it is not most lucrative
(The National - 14/01/2018)

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it is not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting. Dozens of crypto units see the light of day every week, as baffled

Sterling edges down as UK cabinet set for reshuffle
(Arab News - 09/01/2018)

Sterling edged down against the dollar on Monday as investors eyed a reshuffle of Britain’s cabinet, though most said that bar any major surprises, the changes would be unlikely to significantly move the pound. Prime Minister Theresa May said on Sunday

Dollar breaks 5-day losing run, but analysts remain downbeat
(MarketWatch - 03/01/2018)

The dollar halted its recent selloff on Wednesday, with a key dollar index breaking a five-session losing streak as traders waited for the latest update from the Federal Reserve. What are currencies doing? The ICE U.S. Dollar Index DXY, +0.25% rose 0.2%

Don’t get caught up in the Bitcoin bubble
(Gulf News - 03/01/2018)

It has been a while since I wrote three articles warning against dealing in Bitcoin and other virtual currencies. We have seen thousands of Bitcoin investors losing large amounts in their frenzied speculation and scams that fooled so many around the

Dollar starts 2018 in doldrums, European stocks groggy
(Gulf News - 03/01/2018)

The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe. Wall Street’s main indexes were

Dollar starts 2018 in doldrums, European stocks groggy
(Reuters - 02/01/2018)

The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe. Sentiment was also helped by

Yuan seen to climb further against dollar this year
(Gulf Times - 02/01/2018)

The yuan’s climb against the dollar has further to go, even after China’s currency closes out its steepest annual gain since 2008. That’s according to Peter Rosenstreich, head of market strategy at Swissquote Bank SA, who says strong economic growth,

Dollar at 3-month low gives year-end surprise, may rebound
(Gulf News - 01/01/2018)

Amid calmness in markets elsewhere, the dollar index gave a jolt on the last day of trading by falling to its lowest level in three months, and analysts say the gauge may rebound from here. “The only real salient observation in the major currencies is

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