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foreign exchange market

China moves to support yuan

China moves to support yuan

Published 23 Jan, 2024 05:14am
SHANGHAI/BEIJING: China’s major state-owned banks moved to support the yuan on Monday, tightening liquidity in the...
IMF gets on board at last

IMF gets on board at last

Published 21 Sep, 2022 05:57am
EDITORIAL: The International Monetary Fund (IMF) Resident Representative to Pakistan after witnessing the ...
GDP components that need a visit

GDP components that need a visit

Published 15 Nov, 2021 04:55am
Pakistani administration after administration has implemented almost identical policies to incentivize two ...
$2.7bn remittances arrive in July

$2.7bn remittances arrive in July

Published 11 Aug, 2021 04:57am
KARACHI: With $2.7 billion inflows, workers' remittances maintained strong trend in the first month of this fiscal...
Brazil central bank intervenes in FX, sells $1bn as real slides further

Brazil central bank intervenes in FX, sells $1bn as real slides further

Published 02 Mar, 2021 08:06pm
  • Tuesday's $1 billion sale, taking central bank intervention since Thursday to over $4 billion, came as pressure on Brazilian assets intensified after President Jair Bolsonaro eliminated certain fuel taxes and increased a tax on banks.
  • There's a (market) crisis of confidence in the government, and we have negative rates.
Dollar extends decline as risk appetite favors equities

Dollar extends decline as risk appetite favors equities

Published 19 Feb, 2021 08:36pm
  • The US dollar has been weighed down by a string of soft labor market data, even as President Joe Biden's proposed $1.9 trillion spending package takes shape.
  • What the foreign exchange market is looking at in the short term, is the dollar is going to be weak despite progress in the economy because this country has a huge deficit problem.
Taiwan punishes foreign banks in speculation case

Taiwan punishes foreign banks in speculation case

Published 05 Feb, 2021 07:42pm
  • The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products.
  • The suspension will be a year or more for the most serious cases, the sources said, without saying the length of time being applied to each bank.
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