AIRLINK 182.14 Decreased By ▼ -2.57 (-1.39%)
BOP 11.63 Decreased By ▼ -0.49 (-4.04%)
CNERGY 8.21 Increased By ▲ 0.71 (9.47%)
FCCL 47.17 Decreased By ▼ -0.35 (-0.74%)
FFL 16.17 Increased By ▲ 0.02 (0.12%)
FLYNG 28.52 Increased By ▲ 0.01 (0.04%)
HUBC 143.22 Increased By ▲ 1.64 (1.16%)
HUMNL 13.41 Increased By ▲ 0.23 (1.75%)
KEL 4.62 Decreased By ▼ -0.01 (-0.22%)
KOSM 6.16 Decreased By ▼ -0.15 (-2.38%)
MLCF 59.25 Decreased By ▼ -1.12 (-1.86%)
OGDC 226.81 Increased By ▲ 1.33 (0.59%)
PACE 6.05 Decreased By ▼ -0.02 (-0.33%)
PAEL 48.23 Increased By ▲ 0.09 (0.19%)
PIAHCLA 19.39 Increased By ▲ 1.12 (6.13%)
PIBTL 10.72 Decreased By ▼ -0.33 (-2.99%)
POWER 11.57 Decreased By ▼ -0.26 (-2.2%)
PPL 192.27 Increased By ▲ 2.62 (1.38%)
PRL 39.13 Increased By ▲ 2.77 (7.62%)
PTC 24.25 Decreased By ▼ -0.27 (-1.1%)
SEARL 101.96 Decreased By ▼ -0.96 (-0.93%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 37.73 Increased By ▲ 1.00 (2.72%)
SYM 15.63 Decreased By ▼ -0.08 (-0.51%)
TELE 8.10 Decreased By ▼ -0.01 (-0.12%)
TPLP 10.96 Decreased By ▼ -0.30 (-2.66%)
TRG 68.53 Decreased By ▼ -1.78 (-2.53%)
WAVESAPP 11.01 Decreased By ▼ -0.15 (-1.34%)
WTL 1.42 Increased By ▲ 0.02 (1.43%)
YOUW 3.79 Increased By ▲ 0.01 (0.26%)
BR100 12,632 Increased By 30 (0.24%)
BR30 39,444 Increased By 151.5 (0.39%)
KSE100 118,770 Increased By 795.7 (0.67%)
KSE30 36,532 Increased By 36.4 (0.1%)

SHANGHAI: China’s yuan eased against the US dollar on Friday as remarks from the annual economic meeting failed to excite investors, while the dollar reached a 2-1/2-week high.

China pledged to boost the budget deficit, issue more debt, and ease monetary policy to sustain economic growth, according to a state media report from the Central Economic Work Conference held on Dec. 11-12.

A separate readout of the meeting from state media kept a pledge to “maintain the basic stability of the exchange rate at a reasonable and balanced level”.

“It’s worth noting that China’s leadership has so far shown significant reluctance to undertake major direct stimulus to lift consumption,” said Alvin Tan, head of Asia FX strategy at RBC Capital Markets.

Comments

Comments are closed.