Wednesday 4 March 2015
 
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Dollar

Dollar hits 11-year high after China rate cut

The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut in China dented the Chinese yuan and emerging Asian currencies. The dollar rose to a

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Dubai property market strengthens with rising US dollar

Dubai property has more room for price escalation, driven by quality of life, world-class infrastructure, and wages rates, which are all key factors to compete with other global cities such as Paris (France) and London (UK), according to a recen

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Top picks for Middle East investors in 2015

If you are “all in” on Middle East equities, it might be a good idea to add some diversification to your portfolio, said an investment expert listing top picks for regional investors in 2015. The perfect portfolio adap

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Gold edges up on dollar but heads for 3rd weekly drop

Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors. Spot gold rose 0.2 per cent to $1,224.50

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Strong dollar could write off $3.2trn in global GDP

Global nominal GDP is likely to contract by about $2.3 trillion in 2015 as a consequence of the US dollar strengthening, heralding far reaching implications across markets, principally for commodity prices, a report said. It will

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Gold down before US jobs data, heads for weekly fall

Gold edged down on Friday as the impact of a firmer dollar more than offset lower European equities ahead of keenly awaited US employment data, and looked set to post its biggest weekly loss in almost two months. A strong US jobs

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Egypt central bank imposes cap on dollar deposits

The Egyptian central bank has struck another blow against the country's unofficial currency market, with a cap on the amount of dollars that can be deposited in banks, private bankers and a central bank source said. The cap on

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Gold at 5-month high on safe-haven demand

Gold climbed towards a five-month high on Monday as an electoral win by Greece's anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion. Greek leftist leader Alexis Tsipra

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Oil falls after Greek election sends euro tumbling

Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. Greece&#

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Gold jumps to 4-month high on tumbling shares

Gold rose more than two per cent to a four-month high on Thursday as European shares and the dollar turned lower after a shock move by Switzerland to abandon its three-year cap on the franc sent Europe's shares and bond yields tumbling.

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