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Dollars and optimism in short supply as Iran awaits Trump move
(Gulf Times - 30/04/2018)

For half a century, Payam’s family hardware firm near Ferdowsi Square has supplied Tehran’s builders with tools – through revolution, war and more recently sanctions. But it has rarely seen times as bad as these.<br/><br/> A slump in the value of Iran’s

Nations in path of rouble storm see sanctions spillover contained
(Gulf Times - 27/04/2018)

Russia’s neighbours are hopeful their economies prove more resilient than their currencies have been to the fallout from the latest round of US sanctions.<br/><br/> Led by a plunge of more than 7% in Russia’s currency, Kazakhstan’s tenge and the

Turkey delivers bigger rate hike than forecast to lift lira
(Gulf Times - 26/04/2018)

Turkey’s central bank surprised markets with a bigger-than-expected rate increase, a move aimed at supporting the lira and bonds in the weeks leading up to early presidential elections in June.<br/><br/> Policymakers increased the late liquidity window,

US dollar strengthens as geopolitical risks ease
(The National - 25/04/2018)

It’s been a wonderful week for greenback long positions, with the US Dollar Index closing at three-month highs on Monday. From April 17 until April 23, the Index gained 1.77 per cent in five trading sessions and has comfortably closed above our upper

Remittance payments hit record in 2017: World Bank
(Arab Times - 24/04/2018)

Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances — payments that are key to

Hong Kong’s currency defence kills fixed-rate mortgage market
(Gulf Times - 23/04/2018)

Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defence of its currency peg, are clamping down on popular fixed-rate mortgages.<br/><br/> Bank of East Asia is no longer accepting applications for these home loans “due to

Euro May Fall as PMI Data Sets the Stage for Dovish ECB
(DailyFX - 23/04/2018)

Eurozone PMI data headlines the economic calendar in European trading hours. The composite gauge is expected to show that the pace of manufacturing- and service-sector activity growth slowed for a third consecutive month in April, registering at the

Pound bulls get reality check as slowing inflation hits BoE bets
(Gulf Times - 19/04/2018)

In the space of just three days, currency and bond traders have had their conviction on the possibility of two interest-rate hikes this year in the UK shaken. Sterling slid and gilts rallied yesterday as inflation slowed to the weakest level in a year,

Dollar strengthens as clarity emerges over Syria
(The National - 17/04/2018)

The dollar firmed on Monday, hovering near a two-month high against the yen, after the market gained some clarity following military strikes on Syria by the United States and its allies at the weekend.<br/><br/> The United States, France and Britain

Rouble seen 10% short of Russia’s red line for interventions
(Gulf Times - 12/04/2018)

The rouble will need to depreciate about 10% further for the Bank of Russia to intervene to shore up the currency, according to a Bloomberg survey of economists.<br/><br/> While it’s already lost almost 10% since the US announced new sanctions on several

Dollar near two-week lows as risk appetite improves
(Reuters - 11/04/2018)

The dollar traded near a two-week low against a basket of currencies on Wednesday after Chinese President Xi Jinping’s promise to cut import tariffs eased concerns about a U.S.-China trade conflict.<br/><br/> The dollar’s index versus a basket of six

Iranian rial hits record low; dealers stop trading dollar
(Gulf Times - 10/04/2018)

The Iranian rial hit a record low against the US dollar for the second time in two months over concerns about Iran’s economy, rattling businesses and prompting some currency dealers to suspend trading.<br/><br/> The rial fell to a record low of 57,000

Oman can defend the currency peg, says its central bank governor
(Gulf Times - 09/04/2018)

Oman has the means to maintain its currency peg and has no plans to change it even though the decline in oil prices has hurt its finances, central bank governor Tahir al-Amri said.<br/><br/> Oman’s gross foreign currency reserves, which stood at $19.6bn

Asia currencies underprice threat as tensions hurt won
(Gulf Times - 08/04/2018)

South Korea’s won finally succumbed to growing trade tensions between the US and China last week, dropping 0.5%. The decline in one of the region’s most liquid currencies may herald a weak spell for its emerging Asian peers.<br/><br/> Currencies in Asia

Stronger dollar dampens gold demand
(Gulf News - 06/04/2018)

Gold prices fell on Thursday after the United States and China signalled willingness to resolve a trade dispute through negotiations, reducing demand for bullion as a safe place to park assets.<br/><br/> Investors moved money back into equities, sending

Oman can defend its currency peg, central bank governor says
(Gulf News - 05/04/2018)

Oman has the means to maintain its currency peg and has no plans to change it even though the decline in oil prices has hurt its finances, central bank Governor Tahir Al Amri said.<br/><br/> Oman’s gross foreign currency reserves, which stood at $19.6

China’s yuan to post biggest quarterly rise against dollar in a decade
(Gulf News - 02/04/2018)

China’s yuan firmed against the dollar on Friday and is set to post its biggest quarterly gain in a decade, as the country attracts capital inflows and US trade frictions bolstered expectations of a firmer Chinese currency.<br/><br/> Taking cues from a

US dollar share of global currency reserves hits 4-year low — IMF
(Gulf News - 01/04/2018)

The US dollar’s share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other currencies’ shares of reserves grew, data released on Friday showed.<br/><br/> The share of dollar

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