Kuwait firm on keeping discount rate at 3% despite global changes
Kuwait took the decision to keep the discount rate unchanged to maintain the competitiveness of the national currency...
Tag : currency
What impact does Brexit have on the pound?
Major Brexit events trigger punctual forex volatility, but the pound stays at a stagnant 25% depreciated level versus the euro and dollar...
Iran lawmakers fire finance minister as economic woes mount
The country’s parliament voted Sunday to fire the country’s finance minister amidst the economic turbulence caused by America’s withdrawal from the nuclear deal...
China central bank renews its support of Yuan amid dispute
The country is stepping up its efforts to stem the yuan’s rapid depreciation in a policy shift intended to fend off US criticism of Beijings weakening of its currency in the ongoing trade dispute...
Dollar dips on trade optimism as US-China talks are awaited
The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in US-China trade tensions...
Qatar to invest $15bn in Turkey amid the lira currency crisis
The move is seen as payback for Turkey's staunch support after Saudi Arabia, United Arab Emirates and Egypt blockaded Qatar last year...
More than 100 seats that originally backed Brexit now want to remain in EU
According to major recent analysis, most constituencies that now have majority want to remain...
China’s July exports to accelerate as US prepares new tariffs
Its surplus with US will shrink marginally but $28.09 bn figure still remains near record highs...
Iran central bank forex chief arrested ahead of US sanctions
Ahmad Araghchi, who was a vice-governor at the bank in charge of forex, was arrested along with several other unnamed individuals, according to state broadcaster IRIB...
Emerging by name, emerged by nature
Emerging market assets appears to have become more mature and resilient, as aggregate fundamentals of emerging market countries continue to improve despite political uncertainty, finds William Miners...