2018 2017 2016 2015 2014 2013 2012 2011 News Archive
January February March April May June July
US dollar weighed down by trade and interest rate policies
(The National - 29/03/2018)

The US Dollar Index, a measure of the value of the US dollar against a basket of currencies, teetered and dropped to quarterly lows in March, which also happen to be the lowest the index has been since December 2014.<br/><br/> Despite the upside move in

Turkish lira weakens beyond 4 against dollar as economy worries weigh
(Gulf Times - 29/03/2018)

Turkey’s lira weakened beyond the psychologically important level of 4.0 to the US dollar yesterday, bringing it close to a record low, as concerns about double-digit inflation, and politics, continued to weigh on sentiment.<br/><br/> The lira has fallen

Iran currency hits record low, crashing through 50,000 mark
(Gulf Times - 27/03/2018)

The Iranian rial fell to a record low yesterday, breaking through the 50,000-to-the-dollar mark for the first time as analysts blamed uncertainty from Washington. The rial has lost around a quarter of its value in the past six months, hitting 50,860

Dollar slips to one-month lows as Fed's views disappoint
(Times of Oman - 23/03/2018)

The dollar dropped to a one-month low against a basket of currencies on Thursday after the Federal Reserve issued a forecast for future policy that was less hawkish than expected.<br/><br/> The Fed raised U.S. interest rates by 25 basis points to 1.75

Pakistani rupee weakens sharply in likely devaluation
(Gulf News - 21/03/2018)

Pakistan’s rupee weakened sharply against the dollar on Tuesday in what appeared to be a currency devaluation by the central bank, traders said, the second such intervention in less than four months.<br/><br/> The apparent devaluation comes at a time

Pound faces next Brexit barrier amid cautious wait for progress
(Gulf News - 20/03/2018)

As Brexit talks enter a crucial phase this week, pound traders are cautiously awaiting signs of progress toward a transition deal. Even if those expectations are met, any gains in the currency may be short-lived.<br/><br/> While UK Brexit Secretary David

Pound faces next Brexit barrier amid cautious wait for progress
(Gulf Times - 19/03/2018)

As Brexit talks enter a crucial phase this week, pound traders are cautiously awaiting signs of progress towards a transition deal. Even if those expectations are met, any gains in the currency may be short-lived.<br/><br/> While UK Brexit Secretary

Sterling to spoil any boost to bonds from Brexit deal doubts
(Gulf Times - 15/03/2018)

Investors in short-dated sterling bonds could be the main winners if Britain and the European Union fail to hammer out the contours of a Brexit transition deal at a summit starting on March 22.<br/><br/> For foreign holders of UK debt, though, the risks

Gold-standard rules sought by billion-euro Bitcoin broker
(Gulf News - 13/03/2018)

Bitcoin should be regulated similar to gold — which benefits from simpler compliance rules than stocks or bonds — according to Austria’s biggest broker of the digital token.<br/><br/> While cryptocurrency transactions in the European Union above 10,000

Dollar recovers amid positive labour market news
(The National - 09/03/2018)

The dollar recovered ground on Thursday, drawing relief from positive upmarket data and the White House saying Canada and Mexico, and possibly other countries, may be exempted from planned US import tariffs on steel and aluminium.<br/><br/> Elsewhere on

Dollar peg serves well for Qatar: IMF
(The Peninsula - 08/03/2018)

The International Monetary Fund (IMF) has stated that Qatar’s currency peg to the US dollar remains appropriate for the country.<br/><br/> The peg to the US dollar continues to serve Qatar well, providing a clear and credible monetary anchor.

Pound investors see May giving in to EU to break Brexit deadlock
(Gulf News - 05/03/2018)

As the risk of another deadlock in the Brexit talks rises, pound traders seem to have seen it all before.<br/> With just weeks before a key summit, when the UK wants the European Union to agree to a transition period following Brexit, sterling options

US dollar outlook darkens as trade war looms
(Gulf News - 04/03/2018)

The US dollar could face headwinds if President Donald Trump’s proposals to impose stiff tariffs on steel and aluminium imports are enacted, with the biggest risk stemming from the possible flight of capital flows needed to finance ballooning US

Currency speculators play deaf as analysts yell ‘year of the yen’
(Arab News - 01/03/2018)

BNP Paribas calls it “the year of the yen.” Morgan Stanley proclaims it’s the “land of the rising yen.” While, Citi has turned into a dollar bear with its latest report “we continue to holler — sell the dollar.”<br/><br/> Though most speculators have