A number of market factors, such as drops in oil prices and various
key currencies, as well as the general maturation of the UAE's retail sector, had hampered annual growth down to single digits.
He said, 'While negative real interest rates and low sovereign bond yields across several
key currencies and countries may encourage inflows into gold, particularly as there are limited alternatives for safe-haven/reserve assets, we expect to see reserve holdings maintain current trends.
The key rate of Korea should be higher than those of
key currencies," BOK Governor Lee Ju-yeol said, after a monthly monetary policy meeting.
In currencies, the dollar index, a measure of the greenback's strength against a basket of
key currencies, stood near a 7-month high of 99.
Based on inward investor demand, "the
key currencies are the Indian rupee, British pound and Pakistani rupee -- changes in Dubai property prices appear linked to fluctuation of these currencies," said Jesse Downs, Managing Director Phidar Advisory.
The deteriorating situation in Yemen with regard to the lack of political and economic stability have driven downward the value of the Yemeni riyal against the dollar and other
key currencies.
Stefan Schneider, chief German economist at Deutsche Bank, estimated that a 10 per cent depreciation in the euro's value against a group of
key currencies adds as much as 0.
The company, which provides meals for schools, work canteens and major sporting events such as Wimbledon, expects sterling's strength against most of the
key currencies it trades in to have a 6.
Depreciation of
key currencies against the US dollar will adversely impact reported results
The dollar index dropped compared to a basket of
key currencies including the sterling pound, Japanese Yen, Euro, and Swiss Franc, while the oil barrel price is affected in an inverse relation with the dollar exchange price.
It is worth noting that the growth rate of total loans and advances and of customer deposits would have been higher has the exchange rate in several
key currencies not depreciated against the dollar during this period.
The dollar was just off a three-week low against a basket of six
key currencies although a surprise fall in German retail sales put pressure on the euro as it dipped 0.
