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forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (August 26, 2020). ======================== Bid Rate...
Published 27 Aug, 2020 02:44am
Dollar edges higher, but stuck in range before Powell speech
Markets

Dollar edges higher, but stuck in range before Powell speech

  • Powell is scheduled to address the US central bank's policy framework review, and investors are focused on whether he will hint at shifting the Fed's inflation target to an average.
  • The Fed is thought to be still finalizing details of its review, however, with an announcement expected at its September meeting.
Published 26 Aug, 2020 07:23pm
Gold falls on firm dollar as focus turns to Powell speech
Markets

Gold falls on firm dollar as focus turns to Powell speech

  • Spot gold was down 0.6% at $1,915.61 an ounce by 1203 GMT. US gold futures eased by 0.1% to $1,921.40.
  • The firmer dollar is weighing on gold ... Though investors are watching out for Powell's speech, they've mostly factored it into gold prices already.
Published 26 Aug, 2020 06:48pm