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currency note

Currency notes: exchange rates

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 13 Apr, 2021 04:31am
Chinese state banks seen using FX swaps to absorb dollars, sources say
Markets

Chinese state banks seen using FX swaps to absorb dollars, sources say

  • The sources said the bank was seen conducting sell-buy swaps in the dollar-yuan pair, alongside its purchases of dollars from exporters and other corporate clients.
  • "The big bank has been buying quite huge amounts of one-year dollars in the swap market," said one source, speaking on condition of anonymity.
Published 16 Mar, 2021 08:05pm
South Africa's rand firms as focus turns to Fed meeting
Markets

South Africa's rand firms as focus turns to Fed meeting

  • The rand had earlier in the session struggled to make meaningful gains as scheduled power outages by state utility Eskom dragged into their sixth day and weighed on sentiment.
  • Eskom said on Monday that it aimed to get its power plant performance to "acceptable levels" by late 2021.
Updated 15 Mar, 2021 09:26pm
Dollar jumps as US jobs growth beats expectations
Markets

Dollar jumps as US jobs growth beats expectations

  • The jobs improvement came amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead.
  • "This is a rather impressive nonfarm payroll report," said Edward Moya, senior market analyst at OANDA in New York.
Published 05 Mar, 2021 08:26pm
South Africa's rand edges up, focus on Powell's speech
Markets

South Africa's rand edges up, focus on Powell's speech

  • With a light local data calendar this week, the rand's movements have been mainly driven by offshore events.
  • Policymakers are generally keeping to the sidelines but markets will be intrigued by comments from the Fed chairman at the WSJ webinar tonight.
Updated 04 Mar, 2021 09:53pm
Dollar pares gains before Fed's Powell speaks
Markets

Dollar pares gains before Fed's Powell speaks

  • "The US is assuming the leadership position on growth matters, fiscal dominance and certainly vaccinations," said Mazen Issa, senior FX strategist at TD Securities in New York.
  • The dollar index was little changed on the day at 91.094, after earlier rising to 91.223. The euro dipped 0.19% to $1.2039.
Updated 04 Mar, 2021 09:51pm
Mexico's peso dips, markets on edge after Senate approves divisive power bill
Markets

Mexico's peso dips, markets on edge after Senate approves divisive power bill

  • The peso weakened 1.08% to 20.8 per US dollar on Wednesday after the Senate approved the bill on Tuesday evening.
  • The legislation, aimed at strengthening state utility CFE, has frayed market nerves amid criticism it is essentially an "indirect expropriation" that could elbow out private sector renewable energy providers.
Published 03 Mar, 2021 09:12pm
Dollar index higher, Aussie gains on better risk sentiment
Markets

Dollar index higher, Aussie gains on better risk sentiment

  • If you do see volatility the natural inclination is to take risk off the table, in this case it just basically means getting out of existing positions and the dollar shorts are extremely elevated at this point.
  • Short US dollar positions were last at $29.33 billion, according to data by the Commodity Futures Trading Commission.
Published 02 Mar, 2021 09:33pm
Nigerian, Zambian, Kenyan currencies seen under pressure
Markets

Nigerian, Zambian, Kenyan currencies seen under pressure

  • The naira is seen easing on the spot market after it fell 0.21% to 410.29 per dollar on Thursday.
  • The kwacha is likely to face continued pressure against the dollar going into next week due to heightened demand for hard currency amid limited inflows.
Published 25 Feb, 2021 05:51pm