Mumbai // The slide in the Indian rupee over the past month is threatening to dampen a recent surge in demand from India for buying homes in Dubai, analysts say. The Indian rupee has fallen sharply against the US dollar, and consequently the dirham, to trade at 18 rupees against the dirham compared to 17.3 […]
The lower Australian dollar makes property cheaper for foreign buyers and could increase the bubble prices being paid for apartments in areas of Sydney and Melbourne. The dollar sank below US70¢ on Wednesday, for the first time since April 2009, and Deutsche Bank chief economist Adam Boyton predicts the dollar will keep falling to US60¢ by the end of 2016, and even past […]
Kenya’s economy is staring at a major slowdown on the impact of the weakening shilling, economists at Standard Chartered have forecast, citing falling demand among businesses. No new jobs were created in August in the clearest pointer to the dipping confidence on positive outlook. The predictions are informed by slowing momentum as shown by Kenyan […]
It is not a secret that when a market is performing well, the first thing that is happening is that it gains the confidence of the investors. That is the first and most tricky catch that is happening. People, “drunk” from the smell and feeling of profits relax, they forget all the market and investment […]
