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Turkish lira firms against dollar as Simsek meets investors
(Gulf News - 30/05/2018)

The Turkish lira gained 0.3 per cent against the dollar on Tuesday, a day after the central bank said it would return to using the one-week repo rate as its benchmark and as Deputy Prime Minister Mehmet Simsek met investors in London.<br/><br/> Simsek

Lira tumbles to record as lack of central bank action fuels rout
(Gulf News - 29/05/2018)

Turkey’s lira plunged to a new record as the central bank’s inertia exacerbates market concerns, fuelling a sell-off by Japanese investors. The currency hit fresh all-time lows versus the dollar, the euro and the yen on Wednesday, amid a lack of

Pakistan rupee set to come under more pressure
(Arab News - 28/05/2018)

The Pakistan rupee could face further pressure this week, in the midst of the country’s chronic foreign currency shortage and speculation of a third currency devaluation, analysts said.<br/><br/> The currency, which has been exposed to rising external

FX trading advice at CIBC skips the dollar amid perplexing rally
(Gulf News - 27/05/2018)

Some foreign-exchange strategists who are still coming to grips with the dollar’s rally recommend staying away from it altogether.<br/><br/> That’s the advice from Canadian Imperial Bank of Commerce, whose bearish outlook for the US currency is at odds

Dollar surge raises hopes for volatile FX
(Gulf News - 24/05/2018)

The US dollar’s unexpected surge over the past month is encouraging currency traders to pray for a return of lucrative but long-dormant price volatility on the main foreign exchanges, although early signs on that are strangely subdued.<br/><br/> Extra

Turkish lira eases as investors hope for central bank action
(Gulf Times - 18/05/2018)

Turkey’s lira weakened against the dollar yesterday, weighed down by concerns about political influence over monetary policy and as investors waited to see whether the central bank would take action against the sell-off.<br/><br/> The bank said on

Turkish lira reverses losses as central bank vows to take steps
(Gulf Times - 17/05/2018)

The Turkish lira reversed a drop to a record low after the central bank said it was monitoring markets and would take necessary steps, a sign policy makers are getting closer to action to stem a rout.<br/><br/> The currency rallied after it emerged that

Dollar holds near five-month highs
(The National - 16/05/2018)

The dollar hovered near a five-month high against a group of major currencies on Wednesday, as a surge in the benchmark 10-year Treasury yield above 3 per cent reignited a rally that had lost steam last week.<br/><br/> The dollar index versus a basket of

Dollar may stabilise further in 2018: QNB
(Gulf Times - 14/05/2018)

The dollar, which has staged a sharp rally in the face of softening global growth, is expected to stabilise in the remainder of 2018, QNB has said in an economic commentary.<br/><br/> The dollar has strengthened sharply against a basket of currencies

Sterling falls after BoE holds rates, slashes growth forecasts
(Gulf News - 13/05/2018)

The pound fell on Thursday to approach four-month lows against the dollar after the Bank of England held rates steady as expected but cut its growth and inflation projections for this year and next.<br/><br/> Before the decision, sterling was up as much

Sterling falls after BoE holds rates, slashes growth forecasts
(The Gulf Today - 11/05/2018)

The pound fell on Thursday to approach four-month lows against the dollar after the Bank of England held rates steady as expected but cut its growth and inflation projections for this year and next.<br/><br/> Before the decision, sterling was up as much

Dollar gains against the yen amid Iran uncertainty
(The National - 10/05/2018)

The greenback also gained on the euro as concerns about Italian political turmoil hurt the common currency.<br/><br/> The dollar was 0.45 per cent up at ¥109.605 after racing to 109.640, its highest since May 3.<br/><br/> The US currency was lifted as

Iran rial near record lows as Trump decision on nuclear deal looms
(Gulf News - 09/05/2018)

Iran’s rial traded near record lows against the dollar in the free market on Tuesday as Iranians tried to buy hard currency, fearing economic turmoil if US President Donald Trump withdraws from a deal on Iran’s nuclear programme.<br/><br/> The dollar was

Turkish central bank moves to shore up lira
(Gulf Times - 08/05/2018)

A customer counts Turkish lira banknotes after visiting a currency exchange in Istanbul (file). The Turkish central bank moved to shore up the lira yesterday after the currency fell to record lows against the dollar, lowering the upper limit for foreign

Argentina shocks currency back to life with rapid-fire rate hikes
(The Peninsula - 06/05/2018)

Argentina's government and central bank jolted the country's battered peso currency back to life on Friday with a set of announcements intended to restore confidence in the president's ability to deliver sustainable growth while cutting

Turkish lira nears record low on S&P downgrade and weak PMI
(Gulf Times - 03/05/2018)

Turkey’s lira fell 1.5% yesterday, nearing a record low, after Standard & Poor’s unexpectedly cut its sovereign rating deeper into “junk” territory, and a survey showed manufacturing activity contracted for the first month in 14.<br/><br/> Once seen as a

GCOX, Bin Zayed partner for UAE crypto exchange
(Trade Arabia - 03/05/2018)

Global Crypto Offering Exchange (GCOX), the world's first celebrity crypto exchange has partnered with Dubai-based conglomerate Bin Zayed International to launch UAE’s first fully-licensed celebrity tokens crypto exchange.<br/><br/> The memorandum of

Dollar hovers near four-month high on solid US economic outlook
(The National - 02/05/2018)

The dollar held near a four-month high against a basket of major currencies on Wednesday, buoyed by the outlook for a strong US economy and rising yields amid signs of slowdown elsewhere, especially in Europe.<br/><br/> The dollar’s index rose 0.66 per

Dollar hits three-month highs against euro in wake of weak German data
(Arab News - 01/05/2018)

Weaker-than-expected German data hit the euro hard against the US dollar on Monday, leading to investors further unwinding their short positions on the greenback that were based on assumptions that the European Central Bank (ECB) was nearer to unwinding

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