Oil prices have scope to push higher as easing trade tensions reduce fears over slowing global growth
US dollar
Dirham
UAE dirham should stay pegged to the dollar, says StanChart regional CEO
Sunil Kaushal says the two currencies should stay linked, despite economies sometimes becoming out of sync
Emirates Authority for Standardisation and Metrology
UAE jewellery shops cut prices as gold drops, US dollar strengthens
Consumers can enjoy lowest prices of gold jewellery in weeks
Berlin
Why real estate remains at heart of Gulf’s wealth generation
Knight Frank says Gulf-based UHNWIs have intensified their appetite for global geographic diversification in real estate portfolios
interest rates
Further interest rate hikes likely in the US
Federal Reserve’s steady increases in benchmark lending rates have enraged US President Donald Trump
currency crisis
Indian rupee falls to new low against dollar
India’s currency is expected to slide further down in Q4 2018, according to Promoth Manghat, group CEO and executive director of Finablr
India
India’s rupee hits fresh lows amid emerging currency sell-off
The Indian rupee hits new low against the dollar after steadily falling throughout 2018
Currencies
Indian rupee hits record low of 70 to the dollar
South Africa, Argentina, Mexico, Brazil and Russia have all seen their currencies slip over the past week because, like Turkey, they remain heavily dependent on foreign capital, especially the dollar
Bahrain economy
US Fed to raise interest rates gradually but will Gulf follow suit?
Federal Reserve chairman Jerome Powell announces plan as economic outlook in US remains strong
currency peg
Saudi Arabia struggles to respond as rising rate pressures peg
Gulf kingdom tries to strike a balance between boosting growth and averting capital flight that would put pressure on the peg
Gold
Gold rises to three-week high
Spot gold has risen 3.2 percent so far this week, putting it on track for its biggest weekly rise since April 2016
crude oil
Oil set for first weekly gain this month as US dollar weakens
Oil’s recovery this week has helped push up prices for 2018, after year-to-date gains were wiped out in last week’s rout
Canadian dollar
Video: Where should to invest your money in 2018 – Forex
Where should you invest your money in 2018? That’s the question we’ve been asking over the past week. Today we look at the Forex market and the predictions that George Batrouni, Head of Middle East for ActivTrades made to Arabian Business for currency prices the year ahead.
