UPDATE 1-UAE c.bank governor sees no pressure on dirham, forwards volatility limited | Reuters:
"The governor of the United Arab Emirates central bank said on Sunday that he doesn't believe there is any pressure on the Gulf Arab state's currency and that any volatility seen in the forwards market has been limited.
Mubarak Rashid al-Mansouri also reiterated that the UAE would continue with the dirham's peg of 3.6725 to the U.S. dollar.
The outlook for the country's banking sector is improving after a difficult start to 2016, aided by an improvement in oil prices, which hit the $50 per barrel level for the first time in 2016 on May 26, Mansouri told reporters on the sidelines of an Arab finance ministers event in Abu Dhabi."
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