Trends - Dollar - Business Recorder

Dollar

Dollar bounces off 2018 lows on safe-haven buying, euro profit-taking

Riskier currencies seen outperforming on growth prospects.
Dollar outlooks increasingly mixed.

Published 07 Jan, 2021 06:46pm

Markets

Turkish lira firms some 1pc as dollar trades around three-year low

The lira, which lost some 20% of its value last year, stood at 7.25 against the dollar at 0939 GMT.

Published 07 Jan, 2021 04:31pm

Markets

Dollar bounces off March 2018 low as Georgia elections wind down

Dollar index hits lowest since March 2018.
Euro hits new 2018 high versus dollar.
Bitcoin trades above $35,000.

Published 06 Jan, 2021 09:30pm

Markets

Dollar hits lowest since March 2018 on Democrat gains in US senate election

Dollar index hits lowest since April 2018.
Euro hits new 2018 high versus dollar.
Bitcoin trades above $35,000.

Published 06 Jan, 2021 07:21pm

Markets

Dollar down as Democrats close in on Senate but equities struggle

Dealers worry that a double win for the Democrats would allow Biden to push through measures such as tax hikes and market regulations.

Published 06 Jan, 2021 05:35pm

Business & Finance

Bitcoin breaks above $35,000 to touch new high

The world's most popular cryptocurrency crossed $20,000 for the first time ever on Dec. 16. Reuters

Published 06 Jan, 2021 01:01pm

Markets

Dollar dips as yuan fix lifts risk currencies, Georgia elections eyed

Dollar dips, Georgia elections in focus.
Yuan official rate fixed at highest level in 30 months.
Aussie dollar gains.

Published 05 Jan, 2021 09:20pm

Markets

Dollar on backfoot as yuan fix boosts risk currencies

Dollar dips as risk appetite grows.
Yuan official rate fixed at highest level in 30 months.
Aussie dollar gains 0.7%, biggest mover in G10 FX.

Published 05 Jan, 2021 07:22pm

Markets

Dollar gets respite as virus surge, Georgia runoffs curb risk sentiment

The euro was steady at $1.22535 after reaching $1.231 on Monday for the first time since April 2018.

Published 05 Jan, 2021 10:41am

Markets

Dollar slips in to 2021 as investors ride downtrend

Against a basket of currencies the dollar was a fraction below where it ended 2020 at 89.766.

Published 04 Jan, 2021 10:42am

Markets

Asia shares given pause by Tokyo lockdown talk

Oil prices have steadied after a couple of months of solid gains, with Brent meeting resistance around $52.50 a barrel.

Published 04 Jan, 2021 10:36am

More weakness seen as dollar posts worst year since 2017

Markets

Gold set to end volatile 2020 with strong gains; silver outperforms

Spot gold was trading around $1,893.45 per ounce by 12:46 p.m. EST (1746 GMT). U.S. gold futures gained 0.2pc to $1,897.30.

Updated 31 Dec, 2020 11:19pm

Markets

Dollar in the dumps as 2020 ends, another bumper bond year

The prospect of a brighter 2021 has lessened the lure of the safe-haven dollar.
This week's data also showed the US trade account haemorrhaging dollars as the goods deficit hit a record $84.8 billion in November.

Published 31 Dec, 2020 06:42pm

Markets

Dollar on borrowed time as US twin deficits balloon

In contrast, the European Union runs a huge current account surplus, largely thanks to Germany, so there is a natural inflow to euros through trade.

Published 31 Dec, 2020 10:02am

Markets

Gold set for best year in a decade with 24% rise

Spot gold fell 0.2% to $1,889.58 per ounce by 0353 GMT. but was up more than 24% for the year.

Published 31 Dec, 2020 09:46am

Markets

Wall St closes higher, dollar drops as remarkable year winds down

Emerging market stocks rose 1.73pc. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.85pc higher, while Japan's Nikkei lost 0.45pc.

Published 31 Dec, 2020 03:52am

Markets

Dollar plumbs more than two-year lows as stimulus hopes stay high

The dollar fell 0.30% against a basket of currencies to 89.71 after earlier dropping to 89.56
The euro reached $1.2310, before falling back to $1.2279, up 0.30% on the day.

Published 30 Dec, 2020 08:53pm

Markets

Russian rouble steadies, stocks rise on last trading day of 2020

The Moscow Exchange will be closed for four days from Dec. 31 to Jan. 3, but many traders will be away from their desks for longer as Russia's holiday season ends on Jan. 11.

Published 30 Dec, 2020 03:12pm

Markets

Dollar hits two-year lows as traders ignore US stimulus delays

Although the agreement avoids a chaotic no-deal exit, it does not cover services, which make up 80% of the British economy.

Published 30 Dec, 2020 02:44pm

Markets

Dollar dips as US stimulus optimism boosts risk taking

The House of Representatives voted on Monday to more than triple stimulus payments to Americans, to $2,000 from $600.
The possibility of another US stimulus package has lifted the market's spirits.

Published 29 Dec, 2020 08:22pm

Markets

Euro cruises higher as dollar skids again

Bitcoin slipped 2.4% to $26,367, continuing its retreat from the all-time high of $28,377.94 it had set on Sunday.

Published 29 Dec, 2020 03:51pm

Markets

Dollar languishes amid pandemic aid optimism, pound meanders

While the agreement came as a relief to investors, the pact leaves Britain far more detached from the EU, analysts say.

Published 29 Dec, 2020 09:29am

Markets

London copper edges up on US stimulus paychecks optimism

Three-month copper on the London Metal Exchange rose 1.4% to $7,898.50 a tonne by 0239 GMT, while the most-traded February copper contract on the Shanghai Futures Exchange was almost flat at 58,720 yuan ($8,991.65) a tonne.

Published 29 Dec, 2020 09:17am

Markets

Gold pares gains on dollar rebound, upbeat risk sentiment

Spot gold was little changed at $1,875.99 per ounce by 2:20 p.m. EST (1920 GMT). U.S. gold futures settled down 0.2pc at $1,880.40.

Published 29 Dec, 2020 01:07am

Markets

Wall St follows European stocks higher on stimulus, Brexit

But crude prices slumped as weak demand and a potential increase in production offset the effects of the fiscal aid package.

Published 29 Dec, 2020 01:00am

Markets

Turkish lira firms to strongest level since September

The lira firmed to 7.4950 in thin trade due to end of year holidays.

Published 28 Dec, 2020 03:33pm

Business & Finance

Yale Economist predicts US to face Dollar collapse, Double-Dip Recession

“I think that with the infection rate still souring the US economy is still a vulnerable economy and is likely to experience further lockdown,” predicted Roach.

Published 28 Dec, 2020 10:54am

Markets

Dollar dithers in thin trade as Trump passes pandemic aid package

Mitsuo Imaizumi, chief FX strategist at Daiwa Securities in Tokyo, expects the pound and euro to decline against the dollar, reaching $1.30 and $1.15 respectively by the end of the summer.

Published 28 Dec, 2020 09:47am

Markets

Pound off 2-1/2-year peak after Brexit deal, U.S. stimulus in limbo

Against the euro, the pound fetched 89.80 pence per euro, after scaling a three-week high of 89.54 on Thursday.

Published 26 Dec, 2020 12:19am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	292.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	70.22 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.90 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.35 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	76.34 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	292.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	70.22 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.90 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.35 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	76.34 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 15	214.00
USD PKR Interbank Buying / Aug 15	213.00
USD to Japanese Yen / Aug 15	133.11
USD to Swiss Franc / Aug 15	0.95
Pound Sterling to USD / Aug 15	1.21
Euro to USD / Aug 15	1.02
UK LIBOR % / Aug 15	2.31

Stock	Volume
S&P 500 / Aug 15	4297.14
India Sensex / Aug 15	59462.78
Tokyo Nikkei / Aug 15	28871.78
Nasdaq / Aug 15	13128.05
Hang Seng / Aug 15	20040.86
FTSE 100 / Aug 15	7509.15
Dow Jones / Aug 15	33912.44
Germany DAX 30 / Aug 15	13816.61
France CAC40 / Aug 15	6569.95

Item	Value
Crude Oil USD/Barrel / Aug 15	88.36
Karachi Cotton PKR/37.32 KG / Aug 15	18235.00
Gold 10 Grams PKR / Aug 15	124600.00
Gold Spot USD/Ounce / Aug 15	1779.26
Cotton US¢/pound / Aug 15	113.59

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