To foreign investors, there is an investment connection between dollar price
movements and the attractiveness of investing in the EGX, as an increase in the dollar's price provides more opportunities to buy greater amounts of stocks listed in pounds without bearing any additional financial burdens.
On the other hand, traders speaking to Sudan Tribune in central Khartoum attributed the increase to dollar scarcity and growing demand in the Sudanese market, projecting a further rise in the dollar price
during the coming days.
They said that despite depreciation of 40 % in dollar price
, the Pakistan government has been able to reduce petroleum prices considerably.
25 ( ANI ): Facebook founder Mark Zucerberg reportedly said that he believes WhatsApp was actually worth more than the eye popping 19 billion dollar price
he paid for the acquisition.
Mahmud said in press statements, Thursday, that the trade exchange will lead to remarkable economic movement besides rising the local currency against the dollar price
a matter that will reflect positively on bringing down production cost and reduction of prices of commodities.
He buys his products from abroad with dollars, and now as the dollar price
has increased, he has to pay more dinars to buy the dollar amounts he needs to pay his suppliers.
Monday's black market dollar price
was 80 per cent more than the central bank's official "reference rate" of 11,300 rials -- a rate not available to normal Iranians or most importers.
80 per ounce after Ben Bernanke's speech one week ago, the US dollar price
for silver fell by a whopping $15 dollars within 4 trading days, to now $34.
Canadian dollar price
action continues to be driven by oil prices as they are currently explaining 67% of volatility.
According to the report, increase of dollar price
, decrease of goods` global prices, decrease of oil prices and decrease of liquidity are among the major factors of inflation decease in the country.
But if the dollar-euro exchange rate had remained at the same level that it was last May, the dollar price
of oil would have increased less.
A dollar depreciation--like the broad-based, 26 percent one that we have experienced since February 2002--tends to raise the dollar price
of all goods and services imported into the United States.