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The dollar edged lower on Monday as risk appetite made a tentative return to financial markets after the central bank of the United Arab Emirates said it would stand behind local banks and foreign financial institutions with exposure to the region
Continue Reading →Despite the 6% slump in Dubai equity indices in early trading, global markets have shrugged off concerns surrounding the debt crisis with remarkable ease, and risk appetite has begun the week on a strong footing with most Asian equity indices strongly higher. The remedy for the most recent bout of risk aversion has been an [...]
Continue Reading →G10 Advancers and Decliners vs USD EUR 0.69 JPY 0.63 CHF 0.58 GBP 0.46 For now worries surrounding events in the UAE seem to have tapered off and markets have reengaged in risk correlated trades. Over the weekend, the AUE central bank stated that in order to boost liquidity it would offer liquidity to local [...]
Continue Reading →Stock market futures are higher and commodities are also crawling back after it was confirmed that Dubai World will receive much-needed help. We therefore have a “buy-on-dips” stance today.
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