Early trade in New York: FX volatility at Feb 2020 lows with dollar slightly up NEW YORK: The US dollar edged up slightly and currency market volatility on Tuesday fell to its lowest level in more... Published 09 Jun, 2021 03:29am
Business & Finance FX volatility tumbles in Europe LONDON: Currency market volatility on Tuesday fell to its lowest since before the Covid-19 pandemic roiled markets ... Published 09 Jun, 2021 03:29am
Business & Finance Sleepy FX markets are a sign of complacency, investors warn LONDON: Hedging costs for foreign exchange swings across the world's 10 most-traded currencies have dropped in ... Published 07 Jun, 2021 03:34am
Business & Finance Early trade in NY: Dollar essentially unchanged NEW YORK: The dollar on Monday held steady near recent lows as new restrictions in Asia to contain Covid-19 and ... Updated 18 May, 2021 09:33am
Markets Emerging FX loses shine LONDON: Billed as one of the winners of the global reflation trade at the start of 2021, emerging market currencies... Published 03 May, 2021 04:39am
Business & Finance Sterling falls LONDON: Sterling fell on Thursday, erasing the week’s gains against the dollar, as investors weighed up the ... Updated 23 Apr, 2021 10:01am
Business & Finance Dollar nurses losses in Europe LONDON: The dollar nursed losses near a one-month low on Wednesday as strong demand at a US bond auction fuelled a... Updated 15 Apr, 2021 10:07am
Business & Finance Dollar share of global FX reserves hits lowest in 25 years in Q4 NEW YORK: The US dollar’s share of currency reserves in the fourth quarter of last year plunged to its lowest ... Published 01 Apr, 2021 04:10am
Business & Finance SBP launches a FX Portal for end-to-end digitalization of FX requests The State Bank of Pakistan (SBP) has launched a Foreign Exchange (FX) Portal for end-to-end digitalization of FX requests. Currently, customers of 22 banks can submit their cases digitally from their workplace. Published 27 Mar, 2021 06:21pm
Print Banks told: No paper-based submission of forex cases by June KARACHI: The State Bank of Pakistan (SBP) has advised banks to complete development of portals, on-boarding and... Published 17 Mar, 2021 04:45am
Business & Finance Paper-based submission of FX related cases to discontinue by June 30: SBP In this backdrop, 21 ADs have already developed their portals, started onboarding their customers and receiving FX cases digitally, while the rest are in process of developing their digital platforms/ portals. Updated 16 Mar, 2021 04:34pm
Business & Finance Sterling at 2-week high against euro LONDON: Sterling touched a two-week high against the euro on Tuesday and gained versus the dollar, supported by... Published 10 Mar, 2021 04:59am
Business & Finance End-to-end digitisation: SBP launches programme to ensure trenchancy, expeditious handling of FX FAISALABAD: State Bank of Pakistan (SBP) has launched an innovative programme of end-to-end digitisation to ensure... Updated 04 Mar, 2021 09:33am
Business & Finance Sterling slips to 2-1/2 weeks low against dollar LONDON: Sterling eased to its lowest level against the dollar in 2-1/2 weeks on Tuesday, as the strengthening US... Published 03 Mar, 2021 05:49am
Business & Finance Dollar index stays up in Europe LONDON: The dollar was up for a fourth consecutive day on Tuesday, after a recent spike in bond yields challenged ... Published 03 Mar, 2021 05:49am
Business & Finance Turkish lira extends decline ISTANBUL: Turkey’s lira declined 1% on Wednesday to its weakest level against the dollar in nearly three weeks,... Published 25 Feb, 2021 04:58am
Business & Finance SBP initiates foreign exchange digitization Mohammad Ashraf Khan, Managing Director, SBP Banking Services Corporation, said that the payment would be transparent and online. Published 17 Feb, 2021 10:24am
Business & Finance Dollar steadies in Europe LONDON: The dollar slipped slightly on Thursday, after softer-than-expected US inflation data for January and a... Updated 12 Feb, 2021 09:30am
Markets PMEX daily trading report KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 12.470... Published 22 Jan, 2021 04:47am