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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

forex

Dollar dumped on rate outlook, Aussie looks to RBA
Markets

Dollar dumped on rate outlook, Aussie looks to RBA

  • The U.S. data calendar this week is full of important releases on manufacturing, durable goods, and employment, but positive results are unlikely to halt the dollar’s decline due to strong expectations that rates will remain extremely low.
Published 01 Sep, 2020 10:38am
Euro up, dollar down: August ends with new milestones
Markets

Euro up, dollar down: August ends with new milestones

  • Euro set for fourth month of gains
  • Dollar faces worst August in 5 years
  • Investor adjust to Fed inflation policy shift
  • Sterling remains on 2020 highs
  • Yen steadies as investors bet Abenomics survives
  • China services growth drives yuan to 14-month top
Published 31 Aug, 2020 06:57pm
Sterling above $1.33 first time in 2020, hits 8-month high as dollar falls
Markets

Sterling above $1.33 first time in 2020, hits 8-month high as dollar falls

  • Powell steered expectations of lower interest rates for longer as the central bank gets ready to accept an inflation above target after so many years of it undershooting 2%.
  • British business confidence has ticked up but remains far below usual levels as the economy struggles to cope with social distancing and employers are preparing to cut jobs.
Published 28 Aug, 2020 07:43pm
Gold jumps almost 2pc on dollar retreat, dovish Fed stance
Markets

Gold jumps almost 2pc on dollar retreat, dovish Fed stance

  • Spot gold was up 1.7% at $1,961.11 per ounce by 1149 GMT, taking gains this week to more than 1%. US gold futures rose 1.9% to $1,969.40.
  • An environment where interest rates are low and inflation is gradually picking up works perfectly for assets like gold.
Published 28 Aug, 2020 06:24pm
Dollar extends losses; yen hits new highs after Abe resignation
Markets

Dollar extends losses; yen hits new highs after Abe resignation

  • Japanese stocks tumbled and the safe-haven yen erased some recent losses overnight when it was reported that Abe,
  • Almost certainly, it's not a justified response but you'd understand the psychological knee-jerk reaction is sort of based on that line of thinking.
Published 28 Aug, 2020 04:39pm
Sterling dips against dollar
Markets

Sterling dips against dollar

LONDON: The pound dipped against a broadly stronger dollar after Federal Reserve Chairman Jerome Powell unveiled a...
Published 28 Aug, 2020 02:02am