Sunday 22 April 2018
UAE dirham

UAE dirham at 1-year low in forwards market

The 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.


UAE forwards at 11-month low, dirham to stay near peg

UAE 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


UAE dirham forwards fall after hitting 9-month top

UAE'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

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