BR100 Decreased By (-0.32%)
BR30 Decreased By (-0.71%)
KSE100 Decreased By (-0.36%)
KSE30 Decreased By (-0.63%)
BECO 5.81 Decreased By ▼ -0.22 (-3.65%)
BML 57.60 Increased By ▲ 4.85 (9.19%)
BOP 33.80 Decreased By ▼ -0.45 (-1.31%)
CNERGY 8.14 Decreased By ▼ -0.02 (-0.25%)
DCL 11.80 Decreased By ▼ -0.54 (-4.38%)
FCCL 53.39 Decreased By ▼ -0.50 (-0.93%)
FCSC 5.44 Increased By ▲ 0.22 (4.21%)
FFL 17.83 Decreased By ▼ -0.20 (-1.11%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.14 Increased By ▲ 0.14 (1.27%)
KEL 8.03 Decreased By ▼ -0.08 (-0.99%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.34 Decreased By ▼ -0.71 (-0.81%)
NBP 184.00 Decreased By ▼ -2.48 (-1.33%)
PACE 11.55 Increased By ▲ 0.83 (7.74%)
PAEL 40.22 Increased By ▲ 0.28 (0.7%)
PIAHCLA 26.13 Decreased By ▼ -0.04 (-0.15%)
PIBTL 17.17 Decreased By ▼ -0.15 (-0.87%)
PPL 228.49 Decreased By ▼ -4.29 (-1.84%)
PRL 34.58 Decreased By ▼ -0.37 (-1.06%)
PTC 67.30 Decreased By ▼ -0.26 (-0.38%)
SEARL 91.20 Increased By ▲ 0.27 (0.3%)
SSGC 26.80 Decreased By ▼ -0.37 (-1.36%)
TELE 8.54 Decreased By ▼ -0.03 (-0.35%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.32 Increased By ▲ 0.56 (6.39%)
TREET 24.46 Decreased By ▼ -0.08 (-0.33%)
TRG 71.80 Increased By ▲ 0.05 (0.07%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Markets

Dollar weaken further on ambivalent Fed stance

Published August 18, 2016 Updated August 18, 2016 09:31pm

imageNEW YORK: The dollar again weakened against the euro, the yen and the British pound on Thursday as markets continued to absorb ambivalent signals from the US central bank.

Towards 2100 GMT, the euro was at $1.1354, up from $1.1287, levels not seen since the fears created by Britain's June vote to exit the European Union.

The dollar sank below the 100 yen mark, falling to 99.94 yen from 100.28. The pound was at $1.3170, up from $1.3038.

The US Federal Reserve on Wednesday released minutes from its July 26-27 meeting in which members said they wanted to keep "options open" but remained divided on the need for interest rate increases in the near-term.

The remarks did not give any new and unambiguous sign of which way policy might head.

"It's really mostly dollar selling [after] yesterday's FOMC minutes release, which was much less hawkish than the market thought it would be," said Boris Schlossberg of BK Asset Management, referring to the Federal Open Markets Committee, the Fed's policy body.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed for this article.