The euro rose on Monday, while the yen struggled to break away from a near 38-year low. The euro was last 0.4% higher at $1.0759, around a two-week high. Against the dollar, sterling rose 0.11% to $1.2659, while the Aussie dipped 0.07% to $0.66655. The New Zealand dollar edged 0.12% higher to $0.6098. The dollar index was last 0.11% lower at 105.61, having earlier hit a one-week trough. The yen struggled to gain ground against a broadly weaker dollar and was last 0.1% lower at 161.03 per dollar. The yen has already fallen more than 12% this year. Elsewhere in Asia, the Chinese yuan fell a marginal 0.04% to 7.3204 per dollar in the offshore market. Source: Qatar News Agency
Related Articles
Islamic bank meetings kick off in Riyadh
The Islamic Development Bank (IsDB) annual meetings kicked off on Saturday in the Saudi capital, under the patronage of Saudi King Salman bin Abdulaziz.
Islamic funding experts, financial ministers, representatives of financial institutions, private …
Saudi Stock Exchange Closes Higher
The Saudi Stock Exchange main index on Monday closed at 11,718.17 points, 29.56 points up from the previous closing.
As many as 212 million shares were traded with a trading value of SAR 5.5 billion.
The shares of 79 companies rose while 147 others …
Oil Prices Fall Amid Concerns Over Weak Demand in China
Oil prices fell in early Asian trading on Monday as market sentiment was weighed by fears about weak demand in China, world’s top oil importer.
Brent crude futures dropped 13 cents, or 0.2 percent, to USD79.55 a barrel. West Texas Intermediate crude …