UAE Daily News | Technology, Business & World!

Asian Currencies Rally as Dollar Slumps Amid Fed Uncertainty

Asian currencies surged on Monday, with the Indian rupee leading gains, as the US dollar extended its decline following controversial remarks by former President Donald Trump about Federal Reserve leadership.

The rupee climbed to an early high of 85.0525 (Dh23.1750) before settling at 85.1125 (Dh23.1914), marking a healthy 0.3% daily gain against the weakening greenback.

Trading floors buzzed with speculation about potential Reserve Bank of India intervention, though market participants noted some dollar demand from importers could be supporting the US currency at current levels.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

The dollar's prolonged weakness has sparked renewed interest in Asian currencies, with risk appetite improving across regional markets. This changing landscape is particularly evident in rupee hedging costs, which have fallen sharply in recent sessions.

Key indicators show significant shifts - the one-month dollar-rupee forward premium plunged to a yearly low of just15.50 paisa, while similar contracts in offshore markets approached their lowest levels since early2026.

div >

< div cl ass = “ mpu ” >< div cl ass = “ slotad ” id=“ div-gpt-ad-1613027583068-0” > div > div > div >

Abu Dhabi: Meet the woman who became India's voice in F1

How often do you see a storyteller become the story? It’s as rare as spotting a globetrotting Formula One journalist from a cricket-obsessed South Asian country in the giant media centre of the Abu Dhabi Grand Prix. And if the journalist happens to be a female, it only adds an element of mystique.For Niharika Ghorpade, it was love at first sight with motorsport when her father, a Formula One enthusiast, took her to a karting track many moons ago. Despite coming from a family of car enthusiasts,

5-Step Scalp Care Routine to Beat the Summer Heat in the UAE

Asian currencies dollar slump Fed uncertainty currency rally

Dutch Powerhouse Kanessa Muluneh: How Money Buys Freedom and Why She's Aiming for $1B+ by 40

At just 34 years old, Dutch entrepreneur Kanessa Muluneh is rewriting the rules of wealth. Nearly three years into her Dubai journey, she's developed a radical perspective: money isn't currency - it's pure freedom. With ambitions to sell one of her companies for over $1 billion before turning 40, this powerhouse shares her unconventional wisdom about money's true value.

Dubai Tenants Benefit as Landlords Offer Free Rent and Flexible Deals Amid Rising Supply

Dubai’s rental market is entering a new phase as a wave of new residential projects reshapes supply and demand dynamics. With more units entering the market and demand moderating, tenants are beginning to see improved offers from landlords who are adjusting strategies to remain competitive.Industry experts note that landlords are increasingly willing to provide attractive incentives such as multiple cheque payment options, a month of free rent, waived commission charges, and even inclusive utili

Abu Dhabi: Meet the woman who became India's voice in F1

How often do you see a storyteller become the story? It’s as rare as spotting a globetrotting Formula One journalist from a cricket-obsessed South Asian country in the giant media centre of the Abu Dhabi Grand Prix. And if the journalist happens to be a female, it only adds an element of mystique.For Niharika Ghorpade, it was love at first sight with motorsport when her father, a Formula One enthusiast, took her to a karting track many moons ago. Despite coming from a family of car enthusiasts,

5-Step Scalp Care Routine to Beat the Summer Heat in the UAE

Dutch Powerhouse Kanessa Muluneh: How Money Buys Freedom and Why She's Aiming for $1B+ by 40

At just 34 years old, Dutch entrepreneur Kanessa Muluneh is rewriting the rules of wealth. Nearly three years into her Dubai journey, she's developed a radical perspective: money isn't currency - it's pure freedom. With ambitions to sell one of her companies for over $1 billion before turning 40, this powerhouse shares her unconventional wisdom about money's true value.

Front page

How to Downsize Your Home for Maximum Profit

Learning how to downsize your home isn’t just about moving into a smaller space – it’s about unlocking value and simplifying life. For many homeowners, selling a larger property and transitioning to a smaller one can be a smart financial decision.Whether you’re approaching retirement or seeking a lifestyle reset, a well-timed, well-planned downsizing can free up equity, reduce costs, and even generate long-term profit.Strategically timing your saleThe first step to a profitable downsize is knowi

Anti-Aging Facial Secrets: Beyond Just Wrinkles

Chasing younger-looking skin? It's not just about smoothing wrinkles. Modern anti-aging focuses on your skin's overall health and vitality. Discover the key treatments and daily habits that truly make a difference for mature skin in Malaysia's climate.

Purchasing an Apartment in Tel Aviv: A Realistic Guide to Navigating the Market

Buying an apartment in Tel Aviv is a major financial and emotional undertaking. The market is competitive, fast-paced, and expensive. A clear-eyed, strategic approach is your greatest asset.

How much money do you really need to retire?

As the year draws to a close, many in the UAE start thinking about financial resolutions — and one of the most important goals is securing a comfortable retirement. Planning for retirement may sound simple in theory — spend wisely, save regularly, and invest smartly — but in reality, the process involves many uncertainties. How much do you need to save? Where should you invest? And perhaps most importantly, what kind of returns can you realistically expect?These are questions that don’t have one