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Bahrain dinar, bonds rebound after GCC allies promise to avert debt crisis
(Gulf News - 28/06/2018)

Bahrain’s dinar recovered from 17-year lows and its bond prices rebounded on Wednesday after the country’s diplomatic allies in the Gulf pledged to prevent its ballooning public debt from triggering a financial crisis.<br/><br/> Bankers said the pledge

Bahrain vows to keep currency pegged to US dollar
(Trade Arabia - 27/06/2018)

The Central Bank of Bahrain (CBB) said in a statement that it is committed to keeping its currency pegged to the US dollar set at 0.37608 and has no plans to alter the Bahraini dinar's value.<br/><br/> The CBB has confirmed maintaining the existing

Lira’s bounce on Erdogan’s victory seen as short-lived by investors
(Gulf News - 26/06/2018)

Turkey’s lira drew support from Recep Tayyip Erdogan’s victory in Sunday’s election, yet the bounce probably won’t last long as concerns about the independence of the nation’s central bank and policy direction prevail, according to investors and

Iranian rial tumbles to record lows as US sanctions loom
(The National - 25/06/2018)

The Iranian rial plunged to a record low against the US dollar on the unofficial market on Sunday, continuing its slide amid fears of returning US sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear programme.<br/><br/>

Bitcoin approaches year low as Japan cracks down on venues
(Gulf News - 24/06/2018)

Bitcoin extended losses as it approached the lowest price for the year after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders.<br/><br/> The biggest virtual currency fell as much as 10

Turkish lira hit by fears of post-election uncertainty
(Gulf Times - 21/06/2018)

The Turkish lira weakened slightly yesterday, pressured by investors’ concerns that parliamentary and presidential elections on June 24 could unleash political uncertainty.<br/><br/> Opinion polls have shown a tight race for parliament with President

Cryptocurrencies fall as Korean Exchange says $32m stolen
(Gulf News - 21/06/2018)

Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was hacked, renewing concerns about the safety of digital-asset trading venues.<br/><br/> Bithumb, ranked by Coinmarketcap.com as the world’s seventh-largest crypto

Pound at 7-month low after May’s Brexit vote defeat
(Gulf News - 20/06/2018)

The pound dropped to a seven-month low against the dollar after UK Prime Minister Theresa May lost a vote on her Brexit legislation in the House of Lords.<br/><br/> Sterling fell for the second day versus the greenback as market focus turns to the

Falling Pakistani rupee adds to expats’ remittances but there’s a catch
(Times of Oman - 19/06/2018)

Pakistani expats sending money home will now receive more rupees for their Omani rials after the South Asian nation’s central bank devalued the currency for the third time in seven months.<br/><br/> The rupee declined to 120.12 for every U.S. dollar.

Bitcoin could break the internet, Central Bank overseer says
(Gulf News - 19/06/2018)

The Bank for International Settlements just told the cryptocurrency world it’s not ready for prime time — and as far as mainstream financial services go, may never be.<br/><br/> In a withering 24-page article released Sunday as part of its annual

Rising trade tensions, stronger dollar in focus for investors
(Gulf News - 18/06/2018)

Escalating trade tensions between the world’s two largest economies coupled with a strengthening US dollar are expected to take centre stage when global financial markets reopen on Monday.<br/><br/> Analysts said the dollar is likely to continue

Argentina reassures markets after peso crisis
(Oman Daily Observer - 17/06/2018)

Argentina sought to inject some confidence back into its beleaguered currency and calm markets on Friday after the peso plunged more than 6.0 per cent against the dollar, leaving it at a record low.<br/><br/> Economy Minister Nicolas Dujovne, speaking a

Pound starts tumultuous week on back foot after ‘awful’ data
(Gulf News - 12/06/2018)

A crucial week for the pound began on a bad note as the currency reversed gains after UK factory data cast doubts on the health of the economy. The pound could be in for a wild ride as the UK’s Brexit bill goes to a vote in Parliament and jobs and