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- Saudi Arabian Shares Drop Most in 10 Months After Oil Tumbles
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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."
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Bloomberg
| 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 |
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
The National
29/03/2018
Turkey's lira weakened beyond the psychologically important level of 4.0 to the US dollar yesterday, bringing it close to a record low, as concerns about double-digit inflation, and politics, continu
Gulf Times
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