May 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

dollar price

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

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
Dollar dips to one-week lows as stocks hit records
Markets

Dollar dips to one-week lows as stocks hit records

  • The greenback has generally risen at the same time as stocks gain. Investors are now watching to see if that relationship continues as it may indicate a shift in how the currency responds to improving risk appetite.
  • "The trickiest thing for markets right now is to figure out what the dollar's sensitivity is to good US economic news," said Erik Nelson, a macro strategist at Wells Fargo in New York.
Published 05 Apr, 2021 07:49pm