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Indian rupee hits record low against dollar
(The Gulf Today - 30/08/2018)

High global crude oil prices and a rise in the demand for US dollar pulled the Indian rupee to a fresh low on Wednesday. However, the rupee recovered to 70.50 after it had plunged to 70.55 - the lowest ever mark - against the greenback on the back of an

Turkish currency drops as Moody’s delivers more cuts
(Gulf Times - 29/08/2018)

The Turkish lira weakened yesterday as investors weighed up Turkey’s efforts to manage its rift with the US after Finance Minister Berat Albayrak said US trade sanctions against Ankara could destabilise the Middle East.<br/><br/> The currency has lost

Sterling slips to one-year low vs euro on no-deal Brexit angst
(Gulf News - 29/08/2018)

Sterling fell to a near one-year low against the euro on Tuesday after British Prime Minister Theresa May played down the consequences of Britain leaving the European Union next year without securing a deal with the bloc.<br/><br/> Failing to reach an

Turkey’s battered lira tumbles again over outlook fears
(Gulf News - 28/08/2018)

The Turkish lira on Monday lost over three per cent in value against the dollar as the same concerns that have propelled the embattled currency to record lows failed to dissipate after a summer break.<br/><br/> The lira has lost just under a third in

Turkish lira plunge sees Gulf property investors flock to Istanbul
(Arab News - 26/08/2018)

The plunge in the value of the Turkish lira has fueled a foreign investor buying spree for Istanbul apartments, with the most interest coming from Gulf countries, according to market observers interviewed by Arab News.<br/><br/> Investors from the region

Lira collapse likely to have limited impact on GCC — Turkey trade
(Gulf News - 16/08/2018)

Direct non-hydrocarbon economic links between the GCC and Turkey are relatively limited; however the sharp decline in Turkish lira against the dollar in recent months is likely to impact GCC’s non-oil exports to Turkey, according to economists.<br/><br/>

Dollar's strength comes from unexpected quarters
(The National - 15/08/2018)

Risk appetite was hit hard this past week as a new round of US led sanctions on Turkey spooked global markets. After several months of finding staunch resistance in the channel between 95 and 95.50, the dollar index now finds itself comfortably trading

Indian rupee hits record low of 70 to the dollar
(Oman Daily Observer - 15/08/2018)

The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis. The under-pressure rupee touched 70.09 briefly during mid-morning trade as fears grow that

South Africa's rand falls to 2-year low as Turkey rout spreads
(The Peninsula - 14/08/2018)

South Africa's rand plunged more than 10 percent to a 2-year low against the dollar early on Monday and government bonds weakened sharply as a renewed rout in the Turkish lira spread to other emerging markets.<br/><br/> The rand, which later recovered to

Kuwait denies cash buy to shore up lira
(Arab Times - 14/08/2018)

Kuwait has rebuffed as “ungrounded” reports that it injected KD 500 million ($1.6 billion) to back the Turkish currency of lira, which has been in free-fall over deteriorating ties with the US. Denying such reports, the Kuwaiti Ministry of Finance said

Euro traders await more signs of Turkey pain with banks at risk
(Gulf News - 13/08/2018)

There is little sign that the euro is about to turn around its rough patch against the dollar as concerns over the exposure of the region’s banks to Turkey ratchet up and bund yields slide back toward the lower end of their recent range.<br/><br/> The

Slumping pound makes everyone a currency trader as Brexit looms
(Gulf News - 12/08/2018)

The pound’s weakness is turning everyone — from students to holiday-makers — into unwitting currency traders as Brexit nears. Adam O Conghaile owed £36,000 ($46,300) to the UK government when he graduated from the University of Cambridge in 2016 and

Sterling falls to nine-month low against euro as investors hedge against Brexit
(Gulf News - 09/08/2018)

Sterling slid to a nine-month low against the euro on Wednesday as investors sold the currency fearing Britain could soon leave the European Union without securing a trade deal.<br/><br/> Sterling has slumped recently due to traders hedging against what

Could Cryptocurrencies Recover in H2 2018?
(Press Release - 08/08/2018)

Following an impressive performance we saw in 2017, cryptocurrencies had been under pressure in the first half of 2018. According to coinmarketcap.com, the global market capitalization had plunged from little over $826 billion at the beginning of

Pound may slump 10% on no-deal Brexit
(Gulf Times - 08/08/2018)

The pound just can’t get a breather. The currency stayed below $1.30 yesterday, after touching its lowest level in 11 months the previous day. Sterling was pressured after UK International Trade Secretary Liam Fox said over the weekend that the

Dollar climbs as trade gloom lingers
(Gulf News - 07/08/2018)

The dollar rose against most of the major currencies after China signalled it won’t flinch in a trade war. US and European equities edged lower.<br/><br/> The Bloomberg Dollar Spot Index climbed for the fourth day in five sessions. The yuan reversed its

Dollar edges up in quiet session as traders eye Fed
(Gulf News - 02/08/2018)

The US dollar edged higher against a basket of peers on Wednesday, as major currencies traded in narrow ranges ahead of the conclusion of the Federal Open Market Committee meeting later in the day.<br/><br/> Fears of an escalation in the trade dispute

Yuan weakens, set for 4th straight monthly loss in July
(Gulf News - 01/08/2018)

China’s yuan finished lower against the US dollar at the domestic close on Tuesday after the central bank set a weaker midpoint, with the Chinese currency headed for its fourth straight month of weakening — the longest such streak since early

Iran currency drops 18% in two days
(The Peninsula - 01/08/2018)

Iran's currency traded at a fresh record-low of 119,000 to the dollar on Tuesday, a loss of nearly two-thirds of its value since the start of the year as US sanctions loom.<br/><br/> The Iranian rial has been crashing in recent days as the country

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