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A strong dollar against key rivals and losses in the Indian equity markets sapped risk appetite, forex dealers say
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The market's focus now shifts to Fed's rate hike decision, which is scheduled to be announced at 11pm UAE time
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.11 per cent to 104.09
The Fed will announce its latest policy decision on Wednesday, followed by a slew of other central banks, as markets are expecting a smaller 50 basis points hike from the Fed
Shares of the region's largest out-of-home dining and quick-service restaurant operator gained 13 per cent in Abu Dhabi to Dh2.95 and rose 6.7 per cent in Riyadh to SR2.86
Yellen told CBS that economic growth was slowing substantially, inflation was easing and she remained hopeful that the labour market would remain healthy
Analysts see dual listings of companies as ties strengthen between two Gulf nations
Strengthening of dirham, job creation, Expo 2020 Dubai, foreign direct investment were some of the main factors that led to increase in remittances
CPI reports have been catalysts for outsized swings in markets this year
Investors anticipate slower rate hikes from the US Federal Reserve at its policy meeting next week