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Bahrain receives first installment of $10bn aid from Persian Gulf allies
Bahrain has received the first installment of a multi-billion-dollar support package from key Persian Gulf allies as the kingdom’s economy struggles with a current account gap and a large state budget deficit, which have dragged down prices of its international bonds and pushed its national currency against the US dollar.
Receding risk aversion drives dollar  lower against most major currencies
The US Dollar finished lower against a basket of major currencies last week after an easing of tensions over the trade dispute between the United States and China encouraged investors to lift dollar hedges. The Reserve Bank of Australia (RBA) warned on risks to its outlook from US-China trade tensions and weak wages, while reaffirming its next interest rate move would likely be a hike. The New Zealand Dollar was boosted after data showed its economy grew at a faster pace than expected in the second quarter. The Bank of Japan (BoJ) reiterated last Wednesday that it would keep interest rates extremely low “for an extended period,” holding to forward guidance it first introduced in July.
British pound hits a 31-year low against US dollar
The UK’s currency has fallen to a record 31-year low against the dollar, amid a sudden strengthening of the US currency.
Turkish lira sinks to record low vs. US dollar amid high inflation
The value of the troubled Turkish currency, lira, has crashed to a record low against the US dollar due to growing security concerns after the Istanbul terror attack as well as a higher-than-expected inflation rate.
Turkish currency dips again in value against US dollar
The Turkish currency has registered a fresh record low in the wake of depreciation of the Russian ruble and police raids against opposition media critical of President Recep Tayyip Erdogan.

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