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January
The US dollar's slide and what lies ahead
(Times of Oman - 21/01/2018)

The US dollar took a harsh beating in 2017, on the way to its nearly 10 per cent fall, its worst annual performance since 2003. The currency is still reeling this year. The dollar index, which measures the greenback against a basket of major currencies,

Volatile bitcoin briefly drops below $10,000
(Gulf News - 18/01/2018)

The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 (Dh36,700) before rebounding back above $11,000 in the US afternoon. With the drop below $10,000, bitcoin had lost about half its value

Bitcoin slides 18% on crackdown fears; crypto rivals also plunge
(Reuters - 16/01/2018)

Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown. Bitcoin’s slide triggered a massive

Euro hits three-year high as Europe leads global optimism
(Reuters - 15/01/2018)

The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter policy from central banks, while the chance of a pro-European coalition in Germany also boosted confidence in the continent. With the world in general

Yuan Advances to Strongest Level in Two Years, More Gains Seen
(Bloomberg - 15/01/2018)

China’s yuan climbed to its strongest since December 2015 on Monday, and analysts predict further upside given weakness in the dollar. The onshore yuan rose as much as 0.81 percent to 6.4138 per dollar, after the People’s Bank of China raised the daily

Bitcoin may be good but it is not most lucrative
(The National - 14/01/2018)

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it is not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting. Dozens of crypto units see the light of day every week, as baffled

Sterling edges down as UK cabinet set for reshuffle
(Arab News - 09/01/2018)

Sterling edged down against the dollar on Monday as investors eyed a reshuffle of Britain’s cabinet, though most said that bar any major surprises, the changes would be unlikely to significantly move the pound. Prime Minister Theresa May said on Sunday

Dollar breaks 5-day losing run, but analysts remain downbeat
(MarketWatch - 03/01/2018)

The dollar halted its recent selloff on Wednesday, with a key dollar index breaking a five-session losing streak as traders waited for the latest update from the Federal Reserve. What are currencies doing? The ICE U.S. Dollar Index DXY, +0.25% rose 0.2%

Don’t get caught up in the Bitcoin bubble
(Gulf News - 03/01/2018)

It has been a while since I wrote three articles warning against dealing in Bitcoin and other virtual currencies. We have seen thousands of Bitcoin investors losing large amounts in their frenzied speculation and scams that fooled so many around the

Dollar starts 2018 in doldrums, European stocks groggy
(Gulf News - 03/01/2018)

The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe. Wall Street’s main indexes were

Dollar starts 2018 in doldrums, European stocks groggy
(Reuters - 02/01/2018)

The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe. Sentiment was also helped by

Yuan seen to climb further against dollar this year
(Gulf Times - 02/01/2018)

The yuan’s climb against the dollar has further to go, even after China’s currency closes out its steepest annual gain since 2008. That’s according to Peter Rosenstreich, head of market strategy at Swissquote Bank SA, who says strong economic growth,

Dollar at 3-month low gives year-end surprise, may rebound
(Gulf News - 01/01/2018)

Amid calmness in markets elsewhere, the dollar index gave a jolt on the last day of trading by falling to its lowest level in three months, and analysts say the gauge may rebound from here. “The only real salient observation in the major currencies is