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Pakistani rupee strengthens 5.4% on China loan talk
(Gulf News - 31/07/2018)

The Pakistani rupee surged by 5.4 per cent to 120.84/122.45 per dollar on Monday, following domestic media reports over the weekend that China had agreed to provide $2 billion (Dh7.34 billion) in loans.<br/><br/> A State Bank of Pakistan spokesman

Pound optimism ebbs as Brexit gloom overwhelms BoE hike prospects
(Gulf Times - 30/07/2018)

Pound bulls just lost some of their swagger. Long-standing optimists Credit Agricole SA, BBVA and ING Groep NV all cut their sterling calls in recent days with still no sign of a resolution to Brexit uncertainty. <br/><br/> While the French and Spanish

Iran's Rial hits record-low 100,000 to the dollar
(Gulf News - 30/07/2018)

Iran’s currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar as Iranians brace for August 7 when the United States is due to reimpose a first lot of sanctions on their economy.<br/><br/> In May the United States

What Happened to Cryptocurrencies?
(Press Release - 29/07/2018)

The cryptocurrency boom of 2017, which most notably saw the value of one bitcoin <a href="https://www.coingecko.com/en/price_charts/bitcoin/usd"><font size=3>shoot up to up to around $20000</a></font>, seems to have well and truly gone cold, and little

Iran woos local investors as US sanctions loom; currency falls
(Gulf Times - 29/07/2018)

Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported yesterday, as the country faces likely US sanctions and possible exit of many foreign companies.<br/><br/>

Venezuela to remove five zeroes from ailing currency
(Arab News - 26/07/2018)

Venezuela will remove five zeroes from the bolivar currency rather than the three zeroes originally planned, President Nicolas Maduro said on Wednesday, in an effort to keep up with inflation projected to reach 1 million percent this year.<br/><br/> The

Lira plunges after Turkish central bank unexpectedly holds rates
(Gulf News - 25/07/2018)

The Turkish lira plunged and bonds fell as investors said they’d lost faith in the central bank’s credibility after it unexpectedly left interest rates unchanged. <br/><br/> The currency weakened as much as 4.2 per cent to approach a record low and the

China says it won’t devalue currency to bolster exports
(Oman Daily Observer - 24/07/2018)

China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after Washington said it was monitoring the currency’s weakness amid the escalating bilateral trade row.<br/><br/>

China’s luck on currency devaluation risks running out on Trump ire
(Gulf Times - 23/07/2018)

For more than a month, China seemed to be enjoying the advantage of exchange-rate depreciation without the global backlash and panicky capital outflows that accompanied the bout of yuan weakening in 2015. Then Donald Trump took issue.<br/><br/> The US

Weak dollar tone set to continue on Trump currency salvo
(Gulf News - 23/07/2018)

All eyes will be on the dollar this week as US President Donald Trump’s trade war turns into a currency war. Trump called out China and Europe Thursday and again on Friday for manipulating their currencies and keeping them low against the

Venezuela is delaying new currency push amid hyperinflation
(Gulf News - 22/07/2018)

Venezuela could delay plans to introduce its new currency as banks haven’t received the new bills and quadruple-digit inflation heightens the need for new money, according to people familiar with the matter.<br/><br/> President Nicolas Maduro’s initial

Dollar holds gains after Fed remarks as stocks up
(The Gulf Today - 18/07/2018)

The US dollar held gains on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the US Federal Reserve, while world stocks edged higher, with Wall Street erasing earlier losses.<br/><br/> In written

Pakistan devalues rupee again amid 'overheating' economy
(The National - 17/07/2018)

Pakistan’s central bank devalued the rupee for the fourth time since December seeking to slow depletion of its foreign-exchange reserves before a national election in nine days.<br/><br/> The currency, whose rate is set by the central bank, dropped as

Euro’s lockstep dance with pound may end as dollar reign fades
(Gulf Times - 16/07/2018)

The euro has been moving in lockstep with the pound for months amid a dominant strong-dollar theme. That may be about to change. This summer may see the greenback’s influence wane on the euro-sterling pair, which could start responding more to UK

Euro, yuan dip as U.S.-China trade fears boost dollar
(Reuters - 13/07/2018)

The euro fell to a nine-day low on Friday and the Chinese yuan slid again after data showing a record Chinese trade surplus stirred worries about the U.S.-China trade row, encouraging investors to buy into the safety of the dollar. <br/><br/> The yen -

Pakistan’s central bank tightens currency movement
(The Gulf Today - 09/07/2018)

The State Bank of Pakistan (SBP) has taken stringent measures to tighten currency movement within the country amid depreciation of the national currency following the grey-listing of Pakistan by the Financial Action Task Force (FATF).<br/><br/> The

Turkish lira falls for 4th day; rate rise bets grow
(Gulf Times - 05/07/2018)

Worries about rampant inflation pushed the Turkish lira down for a fourth straight day yesterday, with money markets pointing to growing expectations of another sharp rise in interest rates.<br/><br/> The lira fell 0.7% to 4.7120 to the dollar after also

China to be less interventionist on yuan than in 2015
(Times of Oman - 05/07/2018)

China is comfortable with a weakening yuan, intervening only to prevent any rapid and destabilising declines or to restore market confidence, as the economy loses momentum and faces further risks from a heated trade dispute with the United States, policy

China would halt disorderly yuan slide, Morgan Stanley says
(Gulf News - 03/07/2018)

China is not using yuan depreciation as a tool in its trade conflict with the US, and will likely step in to avert any disorderly decline, according to Morgan Stanley.<br/><br/> “We don’t expect policymakers to encourage material RMB depreciation,” China

Yuan seen sliding to 2008 low as China policy shifts
(Gulf Times - 02/07/2018)

China’s yuan will head in time to its weakest since 2008, and the country’s stock slump also has further to go, according to the veteran global economist George Magnus.<br/><br/> The currency’s decline will only deepen as monetary policy on the mainland

Bitcoin jumps back above $6,000 to give respite to investors
(Gulf News - 02/07/2018)

The weekend is offering some respite for Bitcoin investors. The bellwether of the cryptocurrency world rose 8 per cent to $6,370.26 (Dh23,378.85) as of 8:10am in New York on Sunday, according to Coinbase prices. The gain, which comes after the digital

Bitcoin's 2018 crash stokes fears of a Dot-Com like meltdown
(The National - 01/07/2018)

Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency’s 2018 crash may help cement its place in the bubble record books.<br/><br/> Down about 70 per cent from its December

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