BR100 Decreased By (-0.38%)
BR30 Decreased By (-0.13%)
KSE100 Decreased By (-0.37%)
KSE30 Decreased By (-0.48%)
AGHA 7.75 Decreased By ▼ -0.06 (-0.77%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.55 Increased By ▲ 0.05 (0.09%)
BOP 34.26 Increased By ▲ 0.23 (0.68%)
CNERGY 10.00 Increased By ▲ 0.04 (0.4%)
CSIL 5.35 Increased By ▲ 0.04 (0.75%)
FCCL 54.33 Decreased By ▼ -0.37 (-0.68%)
FFL 16.64 Decreased By ▼ -0.05 (-0.3%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 7.29 Decreased By ▼ -0.11 (-1.49%)
KOSM 5.76 Decreased By ▼ -0.01 (-0.17%)
LOTCHEM 29.26 Decreased By ▼ -0.06 (-0.2%)
MLCF 93.85 Decreased By ▼ -0.51 (-0.54%)
NBP 201.80 Decreased By ▼ -1.25 (-0.62%)
NCPL 57.19 Increased By ▲ 0.19 (0.33%)
NPL 67.50 Decreased By ▼ -0.20 (-0.3%)
OGDC 316.00 Increased By ▲ 0.16 (0.05%)
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 219.11 Decreased By ▼ -0.67 (-0.3%)
PRL 49.90 Increased By ▲ 0.71 (1.44%)
PTC 70.70 Increased By ▲ 0.17 (0.24%)
SSGC 27.70 Decreased By ▼ -0.55 (-1.95%)
TBL 9.78 Decreased By ▼ -0.08 (-0.81%)
TELE 8.72 Decreased By ▼ -0.07 (-0.8%)
TPL 18.60 Increased By ▲ 0.36 (1.97%)
TPLP 13.69 Increased By ▲ 0.42 (3.17%)
TREET 22.69 Decreased By ▼ -0.03 (-0.13%)
TRG 60.10 Decreased By ▼ -0.04 (-0.07%)
Markets

Dollar weaken further on ambivalent Fed stance

Published Updated

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.