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Business Recorder Logo
Dec 09, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

currency rates

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
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
Your rupee last week
Markets

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (February 22 to...
Published 01 Mar, 2021 06:13am
South Africa's rand firmer on improving economy, global yield hunt
Markets

South Africa's rand firmer on improving economy, global yield hunt

  • Crucially, it was the first time since early January the unit broke below the 14.50 technical resistance mark seen as a buy-target by traders.
  • "This is not going to change until we either get a diabolical budget from Mboweni (unlikely) or there is a global black swan event which throws us a curve ball."
Published 15 Feb, 2021 09:16pm