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Shorting dollar is gaining favour after Fed’s pivot

Indonesian rupiah banknotes as yield reach 10 month high

BLOOMBERG Betting against the dollar is growing in popularity after the Federal Reserve upended markets by signalling the end of its monetary tightening campaign. Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback, according to CFTC data compiled by Bloomberg. More than 39,000 contracts are ...

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UAE provides 100 tonnes of food supplies through World Food Programme to support Sudanese refugees in South Sudan

ABU DHABI/ WAM On Thursday, the UAE dispatched a plane to the Republic of South Sudan carrying 100 tonnes of food supplies to provide essential humanitarian needs to the Sudanese refugees in South Sudan. Sultan Al Shamsi, Assistant Minister of Foreign Affairs for International Development Affairs, highlighted that sending aid to the Republic of South Sudan through the World Food ...

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