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- Foreign funds drag QSE down 44 points; M-cap melts QR1.27bn
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02/06/2012 12:37 AST
Canada's dollar dropped for a fifth consecutive week in the longest losing streak in a year as speculation a slowing recovery for the nation's biggest trade partner and Europe's worsening debt crisis curtailed demand.
The currency touched the lowest since November after a report yesterday showed the U.S. added the fewest jobs in a year. Bank of Canada policy makers meet on June 5, four days after Statistics Canada said growth stagnated in the January- March period as consumer spending increased at the slowest pace in three years, raising the chances of lower interest rates by the end of 2012.
"You had the dual-pronged attack on the Canadian dollar, with worse than expected payrolls and GDP," said John Curran, senior vice president in Toronto at CanadianForex Ltd., an online foreign-exchange dealer, in a telephone interview. "That plays firmly into the hands of the 'risk-off' scenario which is the underlying trade out there because of European concerns."
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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 |
28/07/2025
UAE expats sending monthly remittances should not just be looking at how their currencies are faring against the dirham - keep an eye on whether there are any deals available on remittances fees.
Gulfnews
25/07/2025
The dollar traded sideways against the euro on Thursday after the European Central Bank held rates steady, and was wedged between prospects for higher Japanese rates that supported the yen and worrie
Asharq Al Awsat
23/07/2025
If you've ever wondered why gold prices in Dubai seem to shift even when global rates stay steady, the answer often lies in currency movements-not just the US dollar, but the Indian rupee too.
Gulfnews
21/07/2025
There is no market like the foreign exchange (FX) market. With over USD 7.5 trillion in daily turnover, FX is by far the largest and most liquid financial asset class in the world.
Unlike eq
The Peninsula
14/07/2025
There's more relief for Indian expats in the UAE, with the rupee dropping further against the dirham/dollar. The rupee is back at 23.36-23.4 levels, continuing the decline from Friday last.
Gulfnews
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