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Commodities Briefing - Categorized | Currencies, Futures and Options more

Currency Futures becomes a favourite in UAE

Posted on 26 March 2009

From Commodityonline.com: Currency futures are showing signs of becoming the most attractive alternative asset class in the UAE so far in 2009, led by continued price volatility and a focus on currency risk hedging strategies, said Malcolm Wall Morris, Chief Executive Officer, Dubai Gold & Commodities Exchange (DGCX).

“The ongoing volatility in the currency markets will continue to encourage market participants to hedge their exposure to foreign currencies. From a long-term perspective, currency futures are especially beneficial to both individuals and commercial entities with investments abroad or those who are planning to invest abroad,” added Wall Morris……Full Article: Source


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