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31/08/2013 06:05 AST
The yen gained against the majority of its 16 most-traded peers as investors bet the financial turmoil that has weighed on emerging-market assets in August has longer to run, fueling demand for Japan's currency as a haven.
The yen strengthened versus all but one of its major counterparts this week amid the threat of U.S.-led military action against Syria. The euro fell to a one-month low versus the dollar. Norway's krone weakened for third day against the U.S currency after retail sales fell last month and unemployment climbed in August. India's rupee recorded its biggest monthly loss in 20 years on concern a deepening economic slowdown will deter investors.
"Given the situation in Syria, a lot of people are on the sideline," Vassili Serebriakov, a foreign-exchange strategist at BNP Paribas SA in New York, said in a telephone interview. "But there's an interest in turning more bullish on dollar-yen. We're seeing rebuilding in dollar-yen positions."
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Bloomberg
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
21/03/2025
The dollar inched up on Thursday after the Federal Reserve indicated it was in no rush to cut rates further this year due to uncertainties around US tariffs, while the pound slipped ahead of the Bank
Asharq Al Awsat
18/03/2025
The dollar hovered near a five-month low against major peers on Monday, bruised by President Donald Trump's erratic trade policies and soft economic data, at a time when other currencies, including t
Asharq Al Awsat
04/03/2025
The dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from tariffs on the US economy outweighed any potential boost from the ramping up of levies on Canada,
Asharq Al Awsat
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.
Oman's g
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
Gulf News
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