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UAE dirham appreciates against top currenciesThe UAE dirham has appreciated against the currencies of both top 10 non-dollarised import and non-oil export partners by 3.08 per cent and 3.97 per cent respectively during the first nine months of 2018, a media report said. Year More… |
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UAE dirham at 1-year low in forwards marketThe UAE dirham fell to its lowest against the US dollar in more than a year in the one-year forwards market on Thursday, as speculation grew that slumping oil prices would lead Gulf states to ditch their currency pegs to the dollar. More… |
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UAE forwards at 11-month low, dirham to stay near pegUAE one-year currency forwards fell to an 11-month low on Monday helped by improved liquidity in the banking system, indicating the Opec member's dirham would keep near its US dollar peg. One-year dirham forwards edged down to -5 More… |
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UAE dirham forwards fall after hitting 9-month topUAE's one-year currency forwards fell on Monday after climbing to a nine-month peak earlier in the session due to fears over Dubai's debt, Reuters data showed. One-year dirham forwards rose as high as 161 points on Monday, their hi More… |
