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Currency notes

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 07 Sep, 2021 06:25am
Dollar perched at 3-1/2 month highs on firmer US yields
Markets

Dollar perched at 3-1/2 month highs on firmer US yields

  • After falling 4% in the last quarter of 2020, the dollar has strengthened by nearly 2.5% year-to-date as investors expect the broad rise in US bond yields to weigh on stretched equity valuations and boost demand for the US currency.
  • The dollar index stood at 92.30 against a basket of six major currencies, up 0.4%, its highest level since late-November.
Published 08 Mar, 2021 06:27pm