Currency News - Page 6
428 articles
Bank and property stocks steady UAE markets as indexes hold firm
UAE stock markets wrapped up the week with main indexes barely budging. Banking and real estate shares kept things stable, while trading volumes in Abu Dhabi and Dubai showed investors are still in the game.
Gold and Silver Dealers Adapt as Local Demand Shifts
Decades of experience in gold and silver trading have shaped how local bullion dealers respond to changing demand for coins, jewelry, and precious metals. Their evolving role highlights the practical realities of physical currency markets.
UAE stock market liquidity jumps as big trades split Abu Dhabi and Dubai
UAE stock markets saw liquidity top AED 1.8 billion as large direct trades and selective buying sent Abu Dhabi and Dubai in different directions. Regional exchanges posted mixed results.
Rare coin auctions top $1 million as collectors chase 2026 issues
Auction prices for rare coins are hitting new highs as collectors go after both classic silver dollars and the latest 2026 coins. The end of the penny and rising premiums on copper cents are changing what people spend and what they stash away.
Big direct deals hit Abu Dhabi First Bank shares as profit growth slows
Abu Dhabi First Bank shares saw AED 41.6 million in direct trades after the bank posted just a 1% rise in half-year profits for 2026. The moves show how investor tactics are shifting in the UAE's banking sector.
CIB Egypt funds Turkish textile group with $80 million loan
CIB Egypt is lending $80 million to EMS Eroglu Knitting to help expand its textile complex in Qantara West. The deal targets export growth and thousands of new jobs, giving a lift to Egypt's industrial sector.
Abu Dhabi First Bank shares move in 804 million dirham block deal
A one-off trade of 40 million Abu Dhabi First Bank shares, worth 804 million dirhams, has stirred the market and raised fresh questions about investor tactics and the influence of big banks in the UAE.
Egyptian banks push high-yield savings accounts in fierce deposit race
Egypt's top banks are rolling out savings accounts with steeply tiered rates and flexible rules, shaking up old deposit habits and raising the bar for big savers.
Pound Sterling slides further as dollar gains strength
The British Pound has broken through key support against the US Dollar. Lloyds says a real recovery will take more than a short-term bounce, as bets on more Federal Reserve tightening grow.
US dollar stays strong as oil price slide fails to shake Fed outlook
The US dollar keeps its edge despite oil prices dropping below key levels. Analysts say Federal Reserve policy is still the main force in currency markets, while the euro struggles as central bank paths diverge.
Mexican peso set for 9% drop against US dollar, says Crédit Agricole
Crédit Agricole expects the Mexican peso to lose about 9% of its value against the US dollar by the end of 2027. The bank's forecast points to a shift in currency trends across Latin America.
Euro slips as Rabobank cuts short-term forecast against dollar
Rabobank now sees the euro dropping to 1.14 against the US dollar within a month. The bank points to steady Fed rate hike bets and ongoing geopolitical risks, but says a rebound to 1.16 is possible if US tightening slows.
Munich Show adds numismatics section with top auction houses
From October 22 to 25, 2026, the Munich Show will open a new numismatics section. Leading auction houses, dealers, and grading services will fill a 3,000-square-metre space with coins, medals, and paper money.
US Mint unveils 2027 Working Dogs coins with fresh designs
The US Mint has shown off six new coin designs for 2027, each one honoring therapy, service, and K-9 dogs. Money from the program will help fund assistance dogs for veterans and first responders.
Private cloud changes how global banks run AI
Banks are shifting AI workloads from public to private cloud to cut costs and meet strict rules. New data shows a surge in sovereign cloud spending and a new approach to deploying large language models.
Rare US 26 cent coin sells for nearly $17,000 at auction
A one-of-a-kind US Mint error coin, showing both a cent and a quarter, just sold for almost $17,000. Struck in 2000, this coin's overlapping designs make it a standout in the world of rare coins.
Banks face real security threats as AI voice agents go live
Banks are rolling out AI voice agents fast, but new tests show standard demos miss big security gaps. Hamming AI's adversarial approach reveals why real-world use needs tougher safeguards.
ANA membership dues to rise as collector costs climb
The American Numismatic Association plans to raise membership dues starting November 2026, blaming inflation and higher costs. Collectors will see new annual and life membership rates as the ANA works to keep its educational and member services going.
Pound sterling slips as UK services prices climb
The Pound dropped against the Euro and Dollar after UK business surveys showed slower growth but rising services prices. The Bank of England now faces a tough decision ahead of its next meeting.
Washington asks public for ideas on 2029 Innovation Dollar Coin
Washington State wants residents to suggest which innovation or innovator should appear on its 2029 American Innovation $1 Coin. Final picks go to the US Mint by October.
New online shop gives collectors 24/7 access to affordable Celtic coins
Chris Rudd's business hits a turning point as Liz Cottam rolls out a new website and an always-open online shop for Celtic coins, all with fixed prices under £1,500.
Indian rupee stays under pressure as RBI reserves grow
MUFG and Goldman Sachs expect the Indian rupee to keep weakening against the US dollar through 2027. The RBI's bigger reserves help steady the currency but aren't enough to stop the slide.
I&M Bank pushes digital trade finance upgrade with Surecomp
I&M Bank is rolling out a digital trade finance system with Surecomp, looking to speed up business in Kenya and expand to Tanzania, Rwanda, Uganda, and Mauritius.
French debt fears shake euro area bond markets
French government bond yields have jumped as investors demand bigger risk premiums. France's rising debt costs are now front and center in euro area markets, challenging the old view of French bonds as a safe bet.
US Mint reveals 2026 Diamond Field Morgan and Peace dollar set
The US Mint is set to launch its 2026-P Diamond Field Morgan and Peace dollar set, featuring a diamond-patterned field, dual 1776-2026 date, and a Liberty Bell 250 privy mark. The set will cost $375 and is limited to 160,000 pieces.
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