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Middle East Foreign Exchange News is an EIN News Service for FOREX trading professionals. Constantly updated news and information about Middle East FOREX Trading.
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Latest Middle East Foreign Exchange News

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  • Trade Bank of Iraq joins Thomson Reuters global foreign exchange trading system as country rebuilds economy 30 Nov 2009 16:46 GMT
    ... Thomson Reuters today announced that the Trade Bank of Iraq ... the country to connect to the international foreign exchange and money market community using the ... TBI has been managing its foreign exchange (FX) and funding needs by telephone. TBI traders ...

  • Yen Drops as Risk Aversion Eases, UAE Backs Dubai (Correct) 30 Nov 2009 03:43 GMT
    ... Nov. 30 (Bloomberg) -- The yen weakened against higher- ... helped calm down credit woes,” said , foreign-currency strategist in Tokyo at Royal Bank of ... of the markets department in Tokyo at FX Prime Corp., a foreign-exchange unit of Japanese ...

  • Financial: UAE Central Bank Offers Extra Liquidity To Banks 30 Nov 2009 05:54 GMT
    ... By using this web site you agree to its terms and ... and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, ... financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures ...

  • Monday FX View: UAE Central Banks Offer Local Respite 30 Nov 2009 15:13 GMT
    ... Caution remains the catchword as traders resume business ... preference for the Japanese rather than American currency. The dollar index is lower to commence ... than the 2.5% analysts had expected. The pre-market indication from the U.S. equity market appears ...

  • Dollar falls as UAE central bank moves steady nerves 30 Nov 2009 09:42 GMT
    ... prompting investors to sell dollars for other currencies and assets like stocks and commodities. Asian ... in Asian stock markets," said Niels Christensen, currency strategist at Nordea in Copenhagen. "U.S. stock ... global economic recovery. The relative calm on foreign exchanges helped push implied volatilities on currency ...

  • FOREX-Dollar falls as UAE c.bank moves steady nerves 30 Nov 2009 09:26 GMT
    ... LONDON, Nov 30 (Reuters) - The dollar weakened ... prompting investors to sell dollars for other currencies and assets like stocks and commodities. Asian ... in Asian stock markets," said Niels Christensen, currency strategist at Nordea in Copenhagen. "U.S. stock ...

  • FOREX-Dollar falls for 5th month in row as Dubai woes ease 30 Nov 2009 22:10 GMT
    ... * UAE emergency support seen stabilizing Dubai situation * Dubai World ... said Jacob Oubina, senior currency strategist, at Forex.com in Bedminster, New Jersey. "The fact that ... foreign portfolios, said John McCarthy, director of foreign exchange at ING Capital Markets in New York. ...

  • Markets Rally Across Asia as Dubai Fears Recede 30 Nov 2009 06:10 GMT
    ... HONG KONG — Asian stock markets rallied Monday as investors' ... for a public holiday Friday. On the foreign exchange markets, the yen — which usually ... at an inopportune point in the cycle. FX rates, oil, and risk assets have been ...

  • WORLD FOREX: Euro Up Vs Dollar, Yen As Dubai Concerns Ease 30 Nov 2009 06:12 GMT
    ... TOKYO (MarketWatch) -- The euro rose against the dollar ... Central Bank. At 0450 GMT, the common currency stood at $1.5070, up from $1.4955 late ... Dubai problem,” said Yasuo Nakayama, manager of foreign exchange at Shinkin Central Bank. Meanwhile, the ...

  • FOREX-Dollar weakens vs euro on strong data, Dubai optimism 30 Nov 2009 19:10 GMT
    ... * UAE emergency support seen stabilizing Dubai situation * Yen steady ... diminished the greenback's safe-haven allure. The U.S. currency decline began in Asia as equities advanced ... the table," said John McCarthy, director of foreign exchange at ING Capital Markets in New ...

  • Weekly FX roundup: Markets watch for 'Dubai effect' 30 Nov 2009 12:54 GMT
    ... By Hussein Sayed, Financial Analyst ACM Middle East & ... will remain the top concern for the FX market, the top release would be the November ... Europe. Mortgage approvals, net consumer credit and money supply could show a higher figure from ...

  • IMF hails UAE decision
to shore up' banking system 30 Nov 2009 20:05 GMT
    ... WASHINGTON - The International Monetary Fund said that it welcomes the ... widely seen as a move to calm markets and investor fears after state-controlled Dubai World ... consistently implement its policy, including in managing foreign exchange, he added. Dubai World announced a ...

  • Iran to spend $20 mln to reveal human rights violation by US, Britain 30 Nov 2009 16:26 GMT
    ... Iran to spend $ 20 mln to reveal ... has allocated 20 million dollars from the foreign exchange reserve for revelation of human rights ...

  • FOREX-Dollar edges down after UAE central bank moves 30 Nov 2009 00:54 GMT
    ... * Yen falls broadly as charts suggest its rally ... early Asian trade as charts suggested the currency's steep gains last week that took it ... of the problem," said Masafumi Yamamoto, chief FX strategist for Japan at Barclays Capital. "Given ...

  • FOREX-Dlr, yen fall after UAE central bank moves 30 Nov 2009 07:31 GMT
    ... * Yen falls broadly as charts suggest its rally ... yen crosses, and as charts suggested the currency's steep gains last week that took it ... of the problem," said Masafumi Yamamoto, chief FX strategist for Japan at Barclays Capital. "Given ...


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