Trends - forex - Business Recorder

forex

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

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

Turkish lira rallies to strongest level since September

The lira rose as high as 7.4100 against the US currency in thin trade due to end-of-year holidays. Last Thursday, the central bank raised its one-week repo rate to 17% from 15%.
The lira stood at 7.4425, still 20% weaker than at the end of last year.

Published 28 Dec, 2020 05:39pm

Business & Finance

Turkish central bank will not use interest rate corridor or sell forex

The central bank's Twitter account quoted him as saying the bank will not buy or sell forex to determine an exchange rate.

Updated 26 Dec, 2020 12:03am

Markets

Canadian dollar gains as Brexit deal boosts investor sentiment

Canadian dollar strengthens 0.2% against the greenback.
Canadian building permits values rise by 12.9% in November.
Price of US oil falls 0.2%.
Canadian bond yields trade mixed across a flatter curve.

Updated 24 Dec, 2020 08:50pm

Business & Finance

Turkish locals' forex holdings at new record high as of Dec 18

They stood at $231.54 billion the previous week.
President Tayyip Erdogan's pledge last month of economic reforms led foreigners to snatch up Turkish assets but locals have remained wary.

Published 24 Dec, 2020 05:29pm

Markets

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

The currency has strengthened some 1.5% versus the dollar.
It is now around $1.3580, up 0.7% on the day, having briefly risen past $1.36 and heading towards the 2-1/2 year high of $1.3625 hit last week.

Published 24 Dec, 2020 05:27pm

Markets

Pound jumps above $1.35 as Brexit deal said to be in sight

The pound which had earlier firmed on the lifting of a French border blockage extended gains to trade up 1%.
Euro zone government bond yields rose after the report with Germany's 10-year yield up 5 bps.

Published 23 Dec, 2020 07:33pm

Markets

Euro, Aussie gain, disregarding Trump's threat to block stimulus

Dollar dips despite Trump threat over stimulus package.
Euro hits $1.22, Aussie adds 0.7%.
Sterling higher on hopes a Brexit deal is nearing.

Published 23 Dec, 2020 06:20pm

Markets

Rouble overcomes sanction fears to recover against dollar

The rouble was 1% stronger against the dollar at 75.15, up from its weakest level since early December of 75.91.
Market sentiment has been soured by fears that the West may impose new sanctions, although Moscow denies any wrongdoing.

Published 23 Dec, 2020 05:38pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Mar 1 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Mar 1 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Mar 1 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 1 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 1 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Mar 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Mar 1 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Mar 1 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Mar 1 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Mar 1 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Mar 1 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 1 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 1 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Mar 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Mar 1 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Mar 1 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 27	158.10
USD PKR Interbank Buying / Feb 27	158.00
USD to Japanese Yen / Feb 27	106.57
USD to Swiss Franc / Feb 27	0.91
Pound Sterling to USD / Feb 27	1.39
Euro to USD / Feb 27	1.21
UK LIBOR % / Feb 27	0.08

Stock	Volume
S&P 500 / Feb 27	3811.15
India Sensex / Feb 27	49099.99
Tokyo Nikkei / Feb 27	28966.01
Nasdaq / Feb 27	13192.35
Hang Seng / Feb 27	28980.21
FTSE 100 / Feb 27	6483.43
Dow Jones / Feb 27	30932.37
Germany DAX 30 / Feb 27	13786.29
France CAC40 / Feb 27	5703.22

Item	Value
Crude Oil / Feb 27	61.50
Karachi Cotton Assoc. / Feb 27	12200.00
Gold 10 Grams / Feb 27	94564.00
Gold Spot / Feb 27	1728.80
Cotton / Feb 27	88.83

forex

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

Dollar dips as US stimulus optimism boosts risk taking

Turkish lira rallies to strongest level since September

Turkish central bank will not use interest rate corridor or sell forex

Canadian dollar gains as Brexit deal boosts investor sentiment

Turkish locals' forex holdings at new record high as of Dec 18

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

Pound jumps above $1.35 as Brexit deal said to be in sight

Euro, Aussie gain, disregarding Trump's threat to block stimulus

Rouble overcomes sanction fears to recover against dollar

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