Please wait...
GulfBase Live Support
- 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 12:39 AST
The yen rose against all of its major counterparts as concern Spain's escalating banking crisis may spread and the slowing U.S. economic recovery boosted demand for the safest assets.
The euro fell to an 11-year low against the yen and an almost three-year low against the dollar as Spanish officials debated how to fund a bailout of Bankia group, the nation's third largest lender. The greenback declined after a report showed the U.S. added the fewest jobs in a year last month, increasing bets the Federal Reserve may introduce further stimulus, which may debase the currency. The European Central Bank will publish its latest economic projections when it meets June 6.
"The yen certainly stood head-and-shoulders above its major counterparts, getting a boost from not only safe-haven flows but from record-low U.S. Treasury yields," said Joe Manimbo, a market analyst in Washington at Travelex Global Business Payments, a currency-exchange network. "Until Europe can do something to help restore investor confidence in the region, the euro should remain on its back foot."
For more on this Click Here
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
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia