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- Foreign funds drag QSE down 44 points; M-cap melts QR1.27bn
- Ooredoo Qatar wins '2025 Bronze Stevie Award in telecommunications'
- Al-Tijaria announces investment in GFH GCC Logistics Fund II
- NBK enhances Mobile Banking app based on customers' feedback
- Bahrain All Share Index closes higher
- CBB long term Ijara Murabaha Sukuk Issue No. 1 oversubscribed by 127%
- POS, e-commerce transactions surge 15% to QR13bn in June
- Zain Bahrain's H1 revenue hits $109m; net profit up 4.8pc
- Turkish Airlines seals landmark A350 finance deal with DIB
- Dukhan Bank named 'World's Best Islamic Private Bank'
02/06/2012 12:36 AST
The ringgit is likely to remain weak next week amid global uncertainty and continuous concerns over the Euro zone debt crisis, dealers said.
The sluggish world economy turned investors towards safe-haven assets and curbed interest for riskier currencies.
"We expect local currencies to fall across the Asian space, reflecting the effect from China's slowdown and Europe's economic crisis," said a dealer, adding that investors would continue to monitor two major events - the Greek election and resolution of Spain's banking system.
On a Friday-to-Friday basis, the ringgit was traded lower against the US dollar at 3.1920/1940 from 3.1510/1550 last Friday.
It fell against the Singapore dollar to 2.4712/4743 from 2.4619/4670 last Friday and was lower against the yen at 4.0817/0866 from 3.9575/9641 previously.
The local unit appreciated against the British pound to 4.8792/8848 from last week's 4.9335/9407 and rose against the euro to 3.9373/9423 from 3.9627/9690 previously.
Bernama
| 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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