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China’s yuan falls to fresh 10-year low as trade war bites
(The Gulf Today - 31/10/2018)

China’s yuan fell to a fresh 10-year low against the dollar on Tuesday, pressured by worries about slowing economic growth and a potential sharp escalation in the Sino-US trade war.<br/><br/> The onshore yuan ended domestic trading at 6.9613 per dollar

Guarding stability, China likely to slow yuan’s slide to 7 per dollar
(Gulf News - 29/10/2018)

China is likely use its vast currency reserves to stop any precipitous fall through the psychologically important level of 7 yuan per dollar as it could risk triggering speculation and heavy capital outflows, policy insiders said.<br/><br/> On Friday,

Rouble left at mercy of sanctions as Russian defences show cracks
(Gulf News - 29/10/2018)

Russia’s central bank kept borrowing costs unchanged, pausing despite persistent inflation risks after a surprise hike last month. The key interest rate will stay at 7.5 per cent, according to a statement on Friday.<br/><br/> Earlier, on the eve of

Euro may take lower path into ECB as Draghi to maintain rhetoric
(Gulf News - 22/10/2018)

The euro could revisit its year-to-date low as persistent political risks may lead Mario Draghi to refrain this week from painting a rosier picture for the bloc’s economy.<br/><br/> Market dynamics have shifted only slightly since the European Central

Yuan decision may top bill for ‘directionless’ emerging markets
(Gulf News - 16/10/2018)

Emerging markets will likely be beholden this week to a series of key decisions in the US. Top of the list is an announcement due as early as Monday on whether the US Treasury will name China a currency manipulator, a label that may have repercussions

Turkish lira firms on hopes of improving US ties
(The Gulf Today - 16/10/2018)

Turkey’s lira and stocks rose on Monday on hopes of a thaw in relations between Ankara and Washington while a late rally last week on Wall Street offered little respite for other emerging market stocks, which hovered near 1-1/2-year lows.<br/><br/>

Pound hits 3-1/2 month high vs euro on fresh Brexit deal hopes
(Gulf News - 11/10/2018)

Sterling hit a new 3-1/2 month high versus the euro and added to gains against the dollar on Wednesday on optimism that Britain and the European Union can agree a Brexit deal soon.<br/><br/> Britain’s ITV News reported late on Tuesday that the two sides

Indian rupee hits new record low against UAE dirham
(Gulf News - 11/10/2018)

The Indian rupee plummeted further against the UAE dirham as the US dollar strengthened on Thursday.<br/><br/> As of 8:31 am, the Asian currency stood at 20.25 against the dirham and 74.4 against the greenback, the lowest in at least ten years, according

Pakistan rupee plunges in de facto devaluation
(Gulf News - 10/10/2018)

The Pakistani rupee plunged about 8 per cent on Tuesday in an apparent central bank devaluation, while the stock market snapped a six-day skid after the government said it plans to seek a bailout from the International Monetary Fund (IMF).<br/><br/> The

Dirham surges against top non-dollarised trade partners
(The Gulf Today - 10/10/2018)

The UAE dirham has continued to appreciate in Q2 2018 against the currencies of the country’s top 10 non-dollarised trade partners, according to Central Bank of the UAE statistics.<br/><br/> From the import side, the weighted dirham’s appreciation

Rupee closes at record low of 74.06 to dollar
(Gulf News - 09/10/2018)

The rupee slumped by 30 paise to finish at a fresh lifetime low of 74.06 against the US dollar Monday amid strengthening of the greenback and steady capital outflows.<br/><br/> The rupee had opened lower by 14 paisa against Friday's close of 73.76 in

Pound set to be tested as Brexit D-Day looms
(The National - 08/10/2018)

The pound benefited in recent days from optimism that Britain and the European Union are getting closer to a Brexit deal but this week could test that view.<br/><br/> An EU summit kicks off on October 17 and the UK must submit a proposal on the

Increased dollar dependence sets world up for ‘liquidity crunch’
(Gulf News - 08/10/2018)

The current run-up in US Treasury yields and the dollar poses a major stress test for a global financial system that has become even more dependent on the American currency since the last credit conflagration.<br/><br/> Mehul Daya and Neels Heyneke,

Sudan sets daily exchange rate at 47.5 pounds per dollar in sharp devaluation
(Gulf News - 08/10/2018)

Sudan sharply devalued its currency on Sunday after a body of banks and money changers was tasked with setting the country’s exchange rate under a new system established by the government to tackle an acute shortage of foreign exchange.<br/><br/> The

Rupee slips 36 paise against US dollar
(Gulf News - 02/10/2018)

The rupee weakened by 36 paise to 72.84 against the US dollar Monday even as the RBI announced plans to purchase government bonds worth Rs360 billion (Dh18.16 billion) to boost liquidity. The domestic unit rupee had gained 11 paise to close at a one-week

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