Both precious metals declined as the U.S. dollar index jumped to as high as 82.95.
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Qatar T-bill yields down sharply amid excess liquidity
Qatari Treasury bill yields fell sharply at this week’s 4bn riyal ($1.1bn) auction by the central bank as local banks offered lower bids. The Qatar Central Bank sold 1bn riyals of nine-month notes at an average yield of 1.98%, down 38 basis points from last month’s sale, bankers in Doha said.
Forex Flash: ECB creates room for more rate cuts – RBS – FXStreet.com
FXstreet.com (Buenos Aires) – The ECB cut the main refinancing rate and the deposit rate by 25 basis points as RBS had previously forecasted. According to Richard Barwell, Senior European Economist at the bank, “the macro imperative trumped micro concerns …