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Dollar

Sudan devalues pound to 30 against US dollar

KHARTOUM: Sudan's central bank Sunday announced it will devalue the local currency to 30 Sudanese pounds against the US dollar, the second such move in weeks amid soaring inflation. The new official exchange rate will go into effect on…

Dollar under more pressure as US economy cools

LONDON: The dollar retreated once more on Friday as a Donald Trump-inspired surge petered out and the US reported slowing economic growth. European stock markets rebounded, while oil prices steadied. Wall Street also made a slightly…

Here’s how the world currencies got their names

All of us are well aware of our currencies and the name we refer it with. But have you ever thought about origins of the currency names? Well, they have some interesting and informative background that everyone should know. Recently a…

Oil soars on OPEC hopes, dollar renews its surge

LONDON: Oil jumped more than 6 per cent and the dollar, US bond yields and stocks all pushed higher on Wednesday as signals from OPEC suggested the group was closing in on a deal to cut production. Combined with fresh concern about…