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Big money stays away from booming bitcoin market
(Gulf Times - 24/10/2017)

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170bn. Yet for all the hype, mainstream institutional investors are steering clear

Dollar climbs to three-month high against yen on Abe election win
(Reuters - 23/10/2017)

The dollar touched a three-month high against the yen on Monday, with an emphatic election victory for Japan’s ruling party keeping yen-weakening stimulus measures at the heart of government policy. Prime Minister Shinzo Abe’s ruling party scored a big

Japan insurers to trim currency hedging in yen threat
(Gulf Times - 22/10/2017)

Japanese life insurers, which hold around $740bn in foreign assets, may reduce currency hedging as the cost of doing so increases with the Federal Reserve pushing up US interest rates. The companies, many of which unveil their second-half investment

Dollar jumps vs safe havens after U.S. Senate clears way for tax refor
(Reuters - 21/10/2017)

The dollar rose on Friday, on track for its biggest daily gain in more than two weeks, as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk. The dollar rose to a three-month high against

Pound could slide to $1.10 on no-deal Brexit scenario
(Gulfnews - 17/10/2017)

he risk of a no-deal Brexit is playing on investors’ minds. The European Union is likely to confirm this week that Brexit talks have not made sufficient progress to move onto discussions about a future trading relationship, though the UK will be hoping

Dollar heads for worst week in five as stocks cheer record streak
(Gulfnews - 15/10/2017)

World stocks advanced for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar was on course for its worst week in five as investors awaited US inflation data. MSCI’s world equity index, which tracks shares in 47

Pound falls as October blues provoke memories of flash crash
(Gulfnews - 09/10/2017)

October blues are starting to weigh on the pound — again. Sterling is headed for its worst week in a year as questions swirl about whether Theresa May will stay or go, even as the prime minister said she had the “full support” of her cabinet. A year ago

Dollar lower or steady at best over the coming year: Reuters poll
(Reuters - 06/10/2017)

Most major currencies will hold on to their gains made in 2017 against the dollar over the coming year, according to a Reuters poll of currency strategists who were not entirely convinced of the U.S. administration’s ability to pass through tax cuts. A

Dollar Gains Before Payrolls; Europe Stocks Drop: Markets Wrap
(Bloomberg - 06/10/2017)

The dollar extended gains to an almost three-month high and Treasury yields rose as confidence in the world’s largest economy grows in the buildup to the latest jobs data. European shares edged lower, bond yields rose and the euro weakened as the

Dollar sceptics defy rally as $1tr fund prefers euro
(Gulfnews - 05/10/2017)

Dollar sceptics are extending their bets outside the US, even as the greenback rallies. Amundi SA, which oversees more than $1.1 trillion, prefers to wager on European currencies including the euro, while Schroder Investment Management Ltd. is putting

Omani Rial to remain pegged to US Dollar: CBO
(Oman Daily Observer - 04/10/2017)

The Central Bank of Oman’s Board of Governors in its Second meeting of this year on October reviewed the report on the Sultanate’s financial and economic position in the light of local and international developments and continued decline in oil prices.

Dollar Ends Strong Month — Possible Correction Ahead
(Investing.com - 01/10/2017)

By all counts September was a strong month for the U.S. dollar. The greenback appreciated more than 2% against the Japanese yen, over 1% versus the Swiss franc and Australian dollar and about the same amount against the euro. The only currency that saw

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