Middle-east Arab News Opinion | Asharq Al-awsat

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A worker rolls a sheet of leather at Justin Paul, a handbag manufacturer in Brooklyn. Brexit has reinforced the dollar as the foundation of global finance, but a stronger dollar hurts exports. Michael Nagle/Bloomberg

Taking Refuge in Dollar Could Expose World Economy to New Perils

by Peter Goodman | Jul 6, 2016 | Business

It is known as the flight to safety, yet it may be leading the global economy toward fresh danger. In the week since Britain stunned the world with its vote to quit the European Union, coloring markets in uncertainty, investors have dumped much that seems risky — the...

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A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013,Reuters

Oil Heals on Pre-Holiday Buying, Dollar Weakness

by Asharq Al-Awsat English | Jul 1, 2016 | Business

Oil prices landed on steadier grounds on Friday from early losses, with traders citing potentially more optimistic investor positioning for the second half of the year and after a weaker dollar that boosted most commodities. The market also found some support after...

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A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015. REUTERS/SERGEI KARPUKHIN/FILE PHOTO

Oil Prices Fall from 2016 Highs on Stronger Dollar

by Asharq Al-Awsat English | Jun 10, 2016 | Business

Oil prices eased on Friday as a stronger dollar drew crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent support. Brent oil futures were trading at $51.34 per barrel at 1308 GMT, down 61 cents while U.S. West...

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Dollar signs are seen alongside the signs for other currencies at a currency exchange shop in Hong Kong November 1, 2014. REUTERS/Damir Sagolj

Yen Eases after Higher Yuan Guidance, China Worries Linger

by Asharq Al-Awsat English | Jan 11, 2016 | Business

After China’s central bank set a stronger guidance rate for the Yuan on Monday, the safe haven Yen eased against the dollar, casting away fears that Beijing is trying to weaken its currency to gain a competitive export advantage. China’s Yuan has been weakening...

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A visitor waits for the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan’s stock market, in Tokyo, Japan, January 4, 2016. REUTERS/Yuya Shino

Global Markets-China Turmoil Sends Oil, Stocks Sliding

by Asharq Al-Awsat English | Jan 7, 2016 | Business

Global shares dropped for a sixth day on Thursday and oil prices fell to levels not witnessed since the early 2000s, after China guided the Yuan lower and Shanghai shares tumbled by 7 percent, igniting fears of competitive devaluations across Asia. Chinese stock...