Dubai Foreign Exchange Rates ~ Currency Money, UK Transfer Specialists

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
Rupee hits record low on India worries
Sell-off comes despite repeated attempts by the country’s central bank to support the currency this week, as investors retreat from emerging markets
Sterling drops to four-week low
Pound falls after BoE cuts growth forecasts in its inflation report, while euro continues to lose value on Greece political concerns
Asian shares steady amid Greece caution
Sentiment boosted by Japan’s stronger-than-expected GDP data
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
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
Asia dives as risk aversion takes hold
FTSE Asia Pacific falls as eurozone fears weigh on markets, hitting financials and exporters and capping gains for Japanese lenders
Brazil sugar production costs rise
Even with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding
Euro falls on Greek woes
Single currency bounces off multi-month low, while sterling falls against the dollar ahead of the quarterly inflation report from the Bank of England
Two-speed Australian economy creates unease
Retail, tourism and manufacturing sectors are struggling with the strong dollar, while resource businesses are enjoying the fruits of the mining boom