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- ADIB approves Dh3.03 billion dividend, elects new board
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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 |
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
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 rel
Gulf News
29/03/2018
The US Dollar Index, a measure of the value of the US dollar against a basket of currencies, teetered and dropped to quarterly lows in March, which also happen to be the lowest the index has been sin
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