Eur/Usd surges off Dubai World repayment of 4.1B of debt

Written December 13, 2009 at 11:43 PM EST by  

Eur/Usd moved up about 50 points to 1.4670 on news that the govenment of Abu Dhabi and the Central Bank of the U.A.E. agreed to provide $10 billion to the Dubai Financial Support Fund, allowing Dubai World to repay $4.1 billion of Islamic sukuk bonds that are due today. This as stated by the govenment of Dubai in an e-mailed statement.

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2 Responses to “Eur/Usd surges off Dubai World repayment of 4.1B of debt”

  1. mehrdad bauyat on June 24th, 2010 10:59 am

    dear sirs

    Hi, Do you have an agent (IB) in dubai?

  2. Shawn Powell on June 24th, 2010 1:40 pm

    Hi Mehrdad, Please contact aattia@fxdd.com for details on Dubai. Thanks

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