Trends - forex - Business Recorder

forex

Swiss National Bank increases first half profit to $48 billion

The SNB posted a profit of 44.5 billion francs from its foreign currency positions

Updated 30 Jul, 2021 10:58am

Business & Finance

Big banks seek to curb ‘speculative’ planned UK forex class action

LONDON: A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is...

Published 19 Jul, 2021 06:17am

Pakistan

Pakistan's rupee continues downward movement, closes at 157.51 in inter-bank market

Has cumulatively shed 3.4% since May 7
Fall attributed to external debt repayments and imports

Updated 21 Jun, 2021 08:36pm

Markets

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association

Published 10 Apr, 2021 04:34am

Markets

Forex held by Turkish locals falls to $221.2bn

ISTANBUL: Turkish locals’ forex and precious metals holdings dropped to $221.20 billion in the week to April 2 ...

Published 09 Apr, 2021 04:51am

Markets

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan

Published 03 Apr, 2021 03:41am

Business & Finance

Turkish lira up

ISTANBUL: Turkey’s lira strengthened some 1% against the dollar on Friday, supported by a fall in US bond yields, ...

Published 03 Apr, 2021 03:41am

Markets

Turkish lira firms after central bank promises tight policy

The trading volume in the session was light due to a public holiday in Europe and elsewhere.

Published 02 Apr, 2021 02:21pm

Markets

Canadian dollar rallies as bond yields hold below recent highs

Canadian dollar rises 0.6% against the greenback.
Canada's current account deficit narrows to C$7.3 billion.
Price of US oil increases 0.9%.
Canadian bond yields rise across much of the curve.

Published 01 Mar, 2021 08:41pm

Markets

Turkey's central bank seen keeping policy rate unchanged

Turkey's annual inflation rate climbed more than expected to some 15% last month and central bank governor Agbal said a possible interest rate cut will not be on agenda for a long time this year.

Published 18 Feb, 2021 11:45am

Markets

Australia, NZ dollars ease; on track for small weekly gains

In New Zealand markets, a run of strong economic data and a housing boom have seen a move to price in rate hikes from the Reserve Bank of New Zealand (RBNZ) as early as 2022.

Published 12 Feb, 2021 10:09am

Markets

Dollar struggles as US yields soften; Bitcoin soars

Investors have pushed up the dollar recently as Democrats moved to fast-track President Joe Biden's $1.9 trillion COVID-19 relief package.
There has been an impressive pullback in US Treasury yields overnight which is causing the broad-based dollar weakness before the bond auctions this week.

Published 09 Feb, 2021 06:10pm

Markets

Taiwan punishes Deutsche Bank, others in currency speculation case

Eugene Tsai, head of the central bank's foreign exchange department, told Reuters that transactions made by the banks in accordance with the rules before Friday had been completed on schedule.

Published 08 Feb, 2021 11:14am

Currency speculation case: Taiwan punishes Deutsche Bank, others

TAIPEI: Taiwan's central bank said on Sunday it had banned Deutsche Bank from trading Taiwan dollar deliverable and...

Published 08 Feb, 2021 03:46am

Markets

Taiwan punishes Deutsche Bank, others in currency speculation case

The punishments will come into effect on Monday, the central bank added.

Published 07 Feb, 2021 11:59am

Markets

Dollar on backfoot against euro after US jobs report

Euro up 0.6%.
Dollar index down 0.5%.
Jobs report stops dollar run.
Year-to-date dollar index up 1.3%.

Published 05 Feb, 2021 09:07pm

Markets

Turkish lira jumps as central bank chief says rate cuts long way off

The comments boosted the lira by more than 0.7% to 7.09 against the dollar from 7.14 late on Thursday.
The recovery narrative in Turkish assets has been strengthened by the governor's remarks.

Published 05 Feb, 2021 08:18pm

Markets

Turks' hard currency holdings falls from record high

The holdings stood at $236.11 billion the previous week.
Foreign investors bought $418.7 million worth of Turkish government bonds in the week to Jan. 29, and sold $493.7 million worth of stocks.

Published 04 Feb, 2021 05:42pm

Markets

Nigeria naira drops to record intra-day low on spot market

It traded at 480 naira on the black market on Monday, 20% weaker than the official rate of 381 naira set in July and backed by the central bank.

Published 02 Feb, 2021 12:53am

Markets

Sterling gets vaccine boost to hit 8-month high vs weakening euro

The euro was under pressure after an ECB official said the central bank has room to cut its deposit rate further.
On the other hand, "the euro is clearly being undermined by ongoing concerns over vaccine rollout speed and supply," Yu added.

Published 27 Jan, 2021 08:58pm

Forex boost credit goes to PTI govt, Senate told

ISLAMABAD: Federal Minister for Industries and Production, Hammad Azhar Friday credited the Pakistan Tehreek-e-Insaf...

Published 23 Jan, 2021 03:56am

Markets

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (January ...

Published 19 Jan, 2021 04:22am

Markets

Latam currencies edge higher with focus on US stimulus plan

Brazil's real leads gains among Latam FX.
Mexican peso eyes first weekly gain this year.
Goldman Sachs ups MSCI EM equity index target.
Brazil to start COVID-19 vaccinations on Jan. 21 –senator.

Published 14 Jan, 2021 09:26pm

Markets

Sterling weakens against euro as UK lockdown fears outweigh Brexit deal relief

Sterling did strengthen against the dollar, even briefly breaking above $1.37 for the first time since 2018 in early London trading.
The pound was up 0.2% versus the dollar, at $1.3695, continuing the trajectory which saw it gain 2.5% in December.

Published 04 Jan, 2021 05:59pm

Markets

Dollar on track for worst year since 2017

An improving economic outlook as COVID-19 vaccines are rolled out and unprecedented fiscal and monetary stimulus has dimmed the allure of the greenback.
The US currency is also suffering from rising fiscal and current account deficits that show no signs of slowing down.

Published 31 Dec, 2020 09:14pm

Markets

Mexico's peso gains, but set for worst year since 2016

The peso gained 0.3% after Foreign Minister Marcelo Ebrard said on Twitter that Mexican authorization of AstraZeneca and Oxford University's vaccine was "imminent."
MSCI's index of LatAm currencies and stocks dropped between 13% and 15% this year.

Published 31 Dec, 2020 08:56pm

Markets

Nigerian naira eased 4.2pc on spot market to 410.25 per dollar

The currency opened at 392.88 to the dollar on the market, widely quoted by foreign investors and exporters, on thin volumes.

Published 31 Dec, 2020 08:52pm

Markets

South Africa's rand, stocks fall, but end 2020 stronger

Rand to end slightly weaker than its Jan level.
Rallied 16% in Q4, after weakening 25% in first half.
Stock market ends year higher.
All-share index ends 2020 up 3.6%, top 40 index up 7%.

Published 31 Dec, 2020 08:15pm

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 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

Gainers
Losers
Leaders

Stock	Price
Service Fabrics (R) / Sep 16 Service Fabrics Limited (R)(SERFR)	2.77 ▲ 0.60 (27.65%)
Pak Gen. Ins. / Sep 16 The Pakistan General Insurance Co. Ltd.(PKGI)	5.00 ▲ 0.70 (16.28%)
Samba Bank / Sep 16 Samba Bank Limited(SBL)	11.00 ▲ 1.00 (10.00%)
JS Bank Ltd / Sep 16 JS Bank Limited(JSBL)	5.54 ▲ 0.49 (9.70%)
Dewan Sugar / Sep 16 Dewan Sugar Mills Limited(DWSM)	4.40 ▲ 0.35 (8.64%)
Bankislami Pak / Sep 16 BankIslami Pakistan Limited(BIPL)	12.30 ▲ 0.93 (8.18%)
Allawasaya Tex / Sep 16 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1800.54 ▲ 125.61 (7.50%)
Bhanero / Sep 16 Bhanero Textile Mills Limited(BHAT)	1096.50 ▲ 76.50 (7.50%)
Faysal Bank / Sep 16 Faysal Bank Limited(FABL)	27.67 ▲ 1.93 (7.50%)
Gul Ahmed / Sep 16 Gul Ahmed Textile Mills Limited(GATM)	59.78 ▲ 4.17 (7.50%)

Stock	Price
Arif Habib Ltd / Sep 16 Arif Habib Limited(AHL)	61.79 ▲ -19.84 (-24.30%)
Dewan Tex. / Sep 16 Dewan Textile Mills Limited(DWTM)	3.88 ▲ -1.00 (-20.49%)
Kohinoor Energy / Sep 16 Kohinoor Energy Limited(KOHE)	33.80 ▲ -5.23 (-13.40%)
Ist Paramount / Sep 16 First Paramount Modaraba(FPRM)	7.53 ▲ -1.00 (-11.72%)
Universal Ins. / Sep 16 The Universal Insurance Company Limited(UVIC)	5.10 ▲ -0.57 (-10.05%)
Ruby Tex. / Sep 16 Ruby Textile Mills Limited(RUBY)	6.55 ▲ -0.70 (-9.66%)
Grays Leas. / Sep 16 Grays Leasing Limited(GRYL)	4.25 ▲ -0.45 (-9.57%)
B. F. Mod. / Sep 16 B.F. Modaraba(BFMOD)	11.78 ▲ -1.00 (-7.82%)
Din Tex. / Sep 16 Din Textile Mills Limited(DINT)	158.98 ▲ -12.88 (-7.49%)
Leiner Gelatine / Sep 16 Leiner Pak Gelatine Limited(LPGL)	23.96 ▲ -1.94 (-7.49%)

Stock	Volume
Service Fabrics (R) / Sep 16 Service Fabrics Limited (R)(SERFR)	48,246,500 ▼ 0.00
Worldcall / Sep 16 Worldcall Telecom Limited(WTL)	41,276,500 ▼ 0.00
TRG Pakistan / Sep 16 TRG Pakistan Limited(TRG)	29,899,979 ▼ 0.00
Unity Foods / Sep 16 Unity Foods Limited(UNITY)	17,415,876 ▼ 0.00
Telecard Ltd. / Sep 16 Telecard Limited(TELE)	16,153,500 ▼ 0.00
TPL Corp / Sep 16 TPL Corp Limited(TPL)	15,326,500 ▼ 0.00
TPL Properties / Sep 16 TPL Properties Limited(TPLP)	10,578,500 ▼ 0.00
Byco Petroleum / Sep 16 Byco Petroleum Pakistan Limited(BYCO)	10,101,000 ▼ 0.00
Jahangir Sid. Co. / Sep 16 Jahangir Siddiqui & Co. Ltd.(JSCL)	8,283,500 ▼ 0.00
Hum Network / Sep 16 Hum Network Limited(HUMNL)	7,938,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 15	169.00
USD PKR Interbank Buying / Sep 15	168.90
USD to Japanese Yen / Sep 15	109.37
USD to Swiss Franc / Sep 15	0.92
Pound Sterling to USD / Sep 15	1.38
Euro to USD / Sep 15	1.18
UK LIBOR % / Sep 15	0.07

Stock	Volume
S&P 500 / Sep 15	4480.70
India Sensex / Sep 15	58723.20
Tokyo Nikkei / Sep 15	30511.71
Nasdaq / Sep 15	15161.53
Hang Seng / Sep 15	25033.21
FTSE 100 / Sep 15	7016.49
Dow Jones / Sep 15	34814.39
Germany DAX 30 / Sep 15	15616.00
France CAC40 / Sep 15	6583.62

Item	Value
Crude Oil / Sep 15	72.74
Karachi Cotton Assoc. / Sep 15	13380.00
Gold 10 Grams / Sep 15	95170.00
Gold Spot / Sep 15	1793.67
Cotton / Sep 15	93.37

forex

Swiss National Bank increases first half profit to $48 billion

Big banks seek to curb ‘speculative’ planned UK forex class action

Pakistan's rupee continues downward movement, closes at 157.51 in inter-bank market

Open market rates of foreign currencies

Forex held by Turkish locals falls to $221.2bn

Open market rates of foreign currencies

Turkish lira up

Turkish lira firms after central bank promises tight policy

Canadian dollar rallies as bond yields hold below recent highs

Turkey's central bank seen keeping policy rate unchanged

Australia, NZ dollars ease; on track for small weekly gains

Dollar struggles as US yields soften; Bitcoin soars

Taiwan punishes Deutsche Bank, others in currency speculation case

Currency speculation case: Taiwan punishes Deutsche Bank, others

Taiwan punishes Deutsche Bank, others in currency speculation case

Dollar on backfoot against euro after US jobs report

Turkish lira jumps as central bank chief says rate cuts long way off

Turks' hard currency holdings falls from record high

Nigeria naira drops to record intra-day low on spot market

Sterling gets vaccine boost to hit 8-month high vs weakening euro

Forex boost credit goes to PTI govt, Senate told

Open market rates of foreign currencies

Latam currencies edge higher with focus on US stimulus plan

Sterling weakens against euro as UK lockdown fears outweigh Brexit deal relief

Dollar on track for worst year since 2017

Mexico's peso gains, but set for worst year since 2016

Nigerian naira eased 4.2pc on spot market to 410.25 per dollar

South Africa's rand, stocks fall, but end 2020 stronger

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

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

Most Popular Articles

Automart: car prices in Karachi

High net-worth un-registered persons: Over 200,000 issued notices by FBR

Lucky Motor Corp likely to launch KIA Stonic, Peugeot 2008 in Pakistan

Sept 30 last date to file tax returns: FBR

BAHL winding up Seychelles Branch

Pakistan's rupee closes at its lowest level against the US dollar as pressure remains

PKR fails to halt weekly slide