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currency market

Turkish lira extends decline after gov't defends past policies

Turkish lira extends decline after gov't defends past policies

  • The lira weakened as far as 7.1840 and stood at 7.17 against the US currency at 1200 GMT, compared to a close of 7.11 on Tuesday.
  • "Some are sure that he will be appointed energy minister but Erdogan will decide. There are also those in the party that say this is not possible," the official told Reuters.
Published 24 Feb, 2021 06:54pm
THE RUPEE: Upward trend
Markets

THE RUPEE: Upward trend

KARACHI: After market close on Thursday, Pakistan Rupee continued its upward trend against US Dollar in both...
Published 29 Jan, 2021 04:55am
Russian rouble edges up on US stimulus hopes, rising oil
Markets

Russian rouble edges up on US stimulus hopes, rising oil

  • The rouble had pared early gains and was 0.2% stronger against the dollar at 73.57. It had gained 0.2% to trade at 89.12 versus the euro.
  • Yellen, at her confirmation hearing on Tuesday, said the benefits of a big stimulus package were greater than the expense of a higher debt burden.
Published 20 Jan, 2021 06:32pm
Dollar at 1-month highs as markets eye Biden's FX policy; euro slips
Markets

Dollar at 1-month highs as markets eye Biden's FX policy; euro slips

  • With US markets shut for a holiday on Monday and Joe Biden set to be inaugurated as the next US president on Wednesday.
  • "I would expect differences in fiscal stimulus to be a driving force for relative performance of currencies this year as it is directly linked to the economic recovery story.
Published 18 Jan, 2021 04:48pm
Dollar extends rebound as US yields climb
Markets

Dollar extends rebound as US yields climb

  • US President-elect Joe Biden, who takes office on Jan. 20 with Democrats able to control both houses of Congress.
  • US government bond yields have logged big moves in recent sessions, with the Treasury yield curve experiencing a significant increase in yields in longer-dated bonds.
Published 11 Jan, 2021 08:57pm
Euro falls to three-week lows as US yields climb
Markets

Euro falls to three-week lows as US yields climb

  • President-elect Joe Biden, who takes office on Jan. 20 with Democrats able to control both houses of Congress, has promised "trillions" in extra pandemic-relief spending.
  • As a result, the euro fell 0.5% to $1.2155, its lowest since Dec. 21, down nearly 2% from a high of $1.2349 last week.
Published 11 Jan, 2021 05:35pm
Pound climbs against weaker euro, gains seen as temporary
Markets

Pound climbs against weaker euro, gains seen as temporary

  • Markets are pricing sub-zero rates from Britain's central bank as early as May 2021.
  • Euro-sterling remains above the 0.90 (pence) level as the build-up of rate cut expectations (following the third lockdown) offsets the positive effect of the UK-EU trade deal
Published 08 Jan, 2021 09:34pm
Dollar holds above 2018 lows ahead of US jobs report
Markets

Dollar holds above 2018 lows ahead of US jobs report

  • The greenback bounced off a nearly three-year low on Thursday as a rise in US yields triggered some unwinding of bearish bets on the currency.
  • I think once this euphoria dies down, the dollar is likely to resume its downtrend trend, because I don't think the Fed will be so eager to taper.
Published 08 Jan, 2021 06:48pm