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May 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

dollar index

Dollar drifts lower as Fed minutes-fuelled bounce fades
Markets

Dollar drifts lower as Fed minutes-fuelled bounce fades

  • In the Fed minutes, several policymakers said a discussion about reducing the pace of asset purchases would be appropriate "at some point" if the US economic recovery continues to gain momentum.
  • "The Fed minutes might end the recent period of dollar weakness for now, but it is still too early for a trend reversal," Commerzbank strategists said in a daily note.
Published 20 May, 2021 07:32pm
Dollar slides to multi-month lows as Fed rate hike fears fade
Markets

Dollar slides to multi-month lows as Fed rate hike fears fade

  • US Treasury yields stalled as market participants grew increasingly confident that the Federal Reserve will hold off on hiking interest rates for the time being, despite worrisome near-term inflation spikes.
  • "That's going to be bearish for the dollar. You'll eventually see commodity-based currencies outperforming," Moya added.
Published 18 May, 2021 08:41pm
Dollar eases off of two-week high following soft US data
Markets

Dollar eases off of two-week high following soft US data

  • In the US services industry, activity eased in April from a record level in March, likely due to shortages of inputs amid a burst of demand, data from the Institute for Supply Management showed.
  • The dollar index, which measures the greenback against a basket of peer currencies, was last at 91.262 after rising as high as 91.436 earlier in the session, its highest since April 19.
Published 05 May, 2021 08:59pm
Dollar hits two-week high in wake of rates talk
Markets

Dollar hits two-week high in wake of rates talk

  • The dollar's bounce on Tuesday put pressure on the euro, which dropped once again below the $1.20 mark on Wednesday, hitting its lowest against the buck in over two weeks.
  • The dollar index, which measures the greenback against a basket of peer currencies, rose as high as 91.436, its highest since April 19.
Published 05 May, 2021 05:38pm