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Aussie falls off four-month high versus greenback

Economies.com
2018-12-05 04:08 UTC

Australian dollar fell off August 9 highs for the third straight session against its US counterpart, following earlier GDP data from Australia while the US market shuts down for the official holiday declared by President Donald Trump in honor of late President George H.W. Bush. 

 

As of 03:59 GMT, AUD/USD shed 0.52% to 0.7300, with an intraday low at 0.7295, and a high at 0.7356. 

 

Earlier Australian data showed an index tracking the services sector rose to 55.1 from 51.1, while GDP growth slowed down to 0.3% in the third quarter from 0.9%, missing estimates of 0.6%. 

 

On a yearly basis, growth clocked in at 2.8%, down from 3.1%, while Reserve Bank of Australia's policymakers voted to maintain interest rates at 1.5% for the 26th meeting in a row. 

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DFM signs MoU with Awqaf Foundation

Economies.com
2018-12-05 02:38 UTC

The Dubai Financial Market signed a MoU with Awqaf and Minors Affairs Foundation, with the aim of enhancing cooperation and streamline joint procedures with regard to securities endowment and strengthen he efforts of the two entities.

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Abu Dhabi Hotels buys 5 Emaar hotels in AED2.2 billion deal

Economies.com
2018-12-05 03:03 UTC

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Saudi Electricity to launch SAR100 billion investments in 5 years

Economies.com
2018-12-05 03:14 UTC

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