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Yuan rises to 2-week high on stronger fix
(Gulf Times - 27/02/2018)

China’s yuan rose against the dollar to the highest level in two weeks yesterday, underpinned by a firmer official yuan midpoint, pullback in US bond yields and renewed corporate sales of the greenback.<br/><br/> Prior to market opening, the People’s

Pound traders look to May, Corbyn for vital Brexit clarity
(Gulf News - 27/02/2018)

For pound traders seeking some degree of clarity on Brexit negotiations, speeches by Britain’s prime minister and the leader of the opposition will prove crucial this week.<br/><br/> Theresa May may have succeeded in uniting her cabinet to back an

US dollar breaks its three-month losing streak
(The National - 21/02/2018)

It seems the US Dollar Index has finally found some buying support as we approach the end of February, and it’s been all about the the number three this month.<br/><br/> The index has snapped a three-month losing streak and will close the month in the

Bitcoin rises as South Korea talks ‘active’ support for trading
(Gulf News - 21/02/2018)

Bitcoin’s stunning rebound continued on Tuesday, with the world’s largest digital token extending recent gains after South Korean regulators signalled they will actively support what they called “normal” cryptocurrency trading.<br/><br/> In a further

Dollar under siege as deficits back on Wall Street radar
(Gulf Times - 16/02/2018)

America’s fiscal largesse and the spectre of wider current-account shortfalls are fuelling a renewed wave of dollar bashing. Congress’s bipartisan vote last week to increase spending by nearly $300bn over the next two years comes on the heels of a $1.5tn

Peso lowest in 12 years, hits 14.19 per dirham
(Gulf News - 15/02/2018)

The Philippines’ peso has tumbled against the UAE dirham to its lowest level in over a decade, and analysts are predicting that the trend will continue. The Asian currency devalued to 14.19 against the UAE dirham on Wednesday, February 14, its lowest in

Abu Dhabi plans new regulation for virtual currencies
(Times of Oman - 13/02/2018)

The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in crypto-currencies such as bitcoin to develop. The

New era of currency volatility leaves bearish dollar bets intact
(Gulf News - 12/02/2018)

The latest turbulence in China’s yuan only adds to the complexity of a bruising stretch for global currency markets. Yet for some money managers and strategists, the path forward couldn’t be more simple: a weaker dollar.<br/><br/> For these observers,

Dollar steady as euro feels squeeze
(The National - 09/02/2018)

The dollar was off recent lows against major rivals on Thursday, benefiting from the euro’s weakness and higher US yields but capped by concerns about recent equity market volatility.<br/><br/> The euro was slightly higher on the day at $1.2268, not far

Euro spurs currency experts to recalibrate outlook
(The National - 08/02/2018)

Wall Street’s top currency strategists had the right idea when it came to the euro - they just weren’t right enough.<br/><br/> Foreign-exchange forecasters are headed back to the drawing board less than six weeks into the new year after the euro blew

Bitcoin prices tumble below $7,300
(Gulf News - 06/02/2018)

Bitcoin prices extended their slide for another session on Monday amid concerns of more regulations in China and India.<br/><br/> Bitcoin prices fell 15 per cent to the day’s low $7,289 (Dh26,772), a level last seen in mid-November.<br/><br/> “The

Sudan devalues pound to 30 against US dollar
(Arab News - 05/02/2018)

Sudan’s central bank Sunday announced it will devalue the local currency to 30 Sudanese pounds against the US dollar, the second such move in weeks amid soaring inflation.<br/><br/> The new official exchange rate will go into effect on Monday, the

UAE issues warning against initial coin offerings as cryptocurrencies plunge
(The National - 05/02/2018)

The UAE's Securities and Commodities Authority, the country's markets regulator, issued a warning to investors against using initial coin offerings amid a sharp decline in the value of cryptocurrencies over the past week.<br/><br/> The SCA warned

Morocco currency move a step in right direction: IMF
(Gulf Times - 05/02/2018)

Morocco’s new, more flexible hard currency system is a step in the right direction to make the kingdom more attractive to investment and turn it into a financial hub for Africa, a senior IMF official has said.<br/><br/> Morocco recently launched a more

Dollar’s ‘rare day in the sun’ fails to damp gold-bull spirits
(Gulf News - 04/02/2018)

Gold may be heading for the biggest weekly loss since December, but bulls are keeping the faith, confident that the dollar’s biggest advance in more than a year won’t last.<br/><br/> The greenback jumped as much as 1 per cent after stronger-than-expected