BR100 Decreased By (-0.38%)
BR30 Decreased By (-0.13%)
KSE100 Decreased By (-0.3%)
KSE30 Decreased By (-0.39%)
AGHA 7.71 Decreased By ▼ -0.10 (-1.28%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.55 Increased By ▲ 0.05 (0.09%)
BOP 34.33 Increased By ▲ 0.30 (0.88%)
CNERGY 10.01 Increased By ▲ 0.05 (0.5%)
CSIL 5.33 Increased By ▲ 0.02 (0.38%)
FCCL 54.54 Decreased By ▼ -0.16 (-0.29%)
FFL 16.64 Decreased By ▼ -0.05 (-0.3%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.29 Decreased By ▼ -0.11 (-1.49%)
KOSM 5.76 Decreased By ▼ -0.01 (-0.17%)
LOTCHEM 29.34 Increased By ▲ 0.02 (0.07%)
MLCF 94.00 Decreased By ▼ -0.36 (-0.38%)
NBP 201.80 Decreased By ▼ -1.25 (-0.62%)
NCPL 57.19 Increased By ▲ 0.19 (0.33%)
NPL 67.85 Increased By ▲ 0.15 (0.22%)
OGDC 316.39 Increased By ▲ 0.55 (0.17%)
PACE 10.65 Increased By ▲ 0.01 (0.09%)
PAEL 42.92 Decreased By ▼ -0.28 (-0.65%)
PIBTL 16.65 Decreased By ▼ -0.09 (-0.54%)
PPL 219.28 Decreased By ▼ -0.50 (-0.23%)
PRL 50.17 Increased By ▲ 0.98 (1.99%)
PTC 70.70 Increased By ▲ 0.17 (0.24%)
SSGC 27.75 Decreased By ▼ -0.50 (-1.77%)
TBL 9.78 Decreased By ▼ -0.08 (-0.81%)
TELE 8.72 Decreased By ▼ -0.07 (-0.8%)
TPL 18.58 Increased By ▲ 0.34 (1.86%)
TPLP 13.60 Increased By ▲ 0.33 (2.49%)
TREET 22.65 Decreased By ▼ -0.07 (-0.31%)
TRG 60.10 Decreased By ▼ -0.04 (-0.07%)
Markets

Dollar index rises to 6-week high

Published Updated

imageLONDON: The dollar index rose to a six-week high on Tuesday, buoyed by its gains against the euro as speculators bet on a robust inflation reading in the United States to contrast with the very low price growth in the euro zone.

Both headline and core consumer price index rates are seen steady at 2.1 percent and 2.0 percent respectively, with stronger data likely to push the euro below key support in the $1.3475/80 area, traders said.

The euro fell to $1.3481, its lowest since early February, when it touched a low of $1.34756. A dip below that would take the single currency to its lowest since November of last year.

The dollar index rose to 80.739, its highest since June 12, with the greenback also making steady gains against the Swiss franc

Comments

Comments are closed for this article.