Dubai Foreign Exchange Rates ~ Currency Money, UK Transfer Specialists

Euro remains close to annual lows
Single currency ceases sell-off but remains below $1.27, while Aussie and New Zealand dollar fall to fresh lows on global economic concerns
Global equities extend losing streak
Growth assets shunned as investors fret about the future of the eurozone and the global economy, sending yields on German Bunds to record lows
South calls on Khartoum to renew talks
Negotiator Pagan Amum said the North had not complied with a May 2 resolution giving the neighbours two weeks to resume talks
A permanent precedent
If Greece goes: An exit is likely to shatter faith in the eurozone’s integrity for ever, leaving the bloc with a choice between stronger union or disintegration. By Martin Wolf
Barclays leads UK banking sector falls
Banks lead FTSE 100 to a fourth straight decline, as risk aversion dragged the wider market to a new five-month low
Battered rupee highlights India woes
New Delhi appears unable to rectify the underlying economic vulnerabilities that have helped send the currency to new lows
Euro lower as investors remain wary
Single currency dips against dollar as markets await developments in Greece, while sterling weakens further after the BoE hints at further easing
ECB bars access to four Greek banks
Lenders will have to rely on ‘emergency liquidity assistance’ – a temporary facility provided by the Greek central bank but subject to ECB approval
Euro starts to crack as investors eye exit
Analysts believe that investor behaviour suggests that the buttresses that have supported the currency in recent months are weakening
Multinationals act to mitigate euro risk
Although most companies say the chances of a euro collapse are slim, many have been sweeping the single currency out of their accounts daily