Pakistan's Rupee sees its worst year since 2008 meltdown Updated 01 Jan, 2023 01:19pm PKR lost 22% during 2022, depreciating from 176.51 to 226.43 against the US dollar in the inter-bank market
Without structural reforms, rupee's screams will only get louder Published 10 Aug, 2022 03:23am It is no secret that the world is passing through one of its most tumultuous phases in recent memory, both on the...
Yen weak versus dollar, euro ahead of busy central bank week Published 06 Jun, 2022 10:53am HONG KONG: The Japanese yen was on the back foot on Monday, ahead of a busy policy-focused week in which inflation...
Dollar higher after U.S. job growth tops expectations Published 03 Jun, 2022 08:23pm NEW YORK: The U.S. dollar edged higher against a basket of currencies on Friday, after a better-than-expected U.S....
Rupee closes at two-week high of 197.87 against US dollar Updated 01 Jun, 2022 06:54pm Hope of revival of stalled IMF programme drives positivity in inter-bank market
Dollar stronger as inflation worries dampen risk sentiment Published 31 May, 2022 09:05pm NEW YORK: The U.S. dollar rose across the board on Tuesday as Treasury yields climbed and worries over a further...
After a 16-session losing streak, rupee gains in spectacular fashion Updated 27 May, 2022 09:29pm Closes at 199.76 against the US dollar after 1.13% gain on Friday Currency's gain comes on back of positive market sentiment after govt jacked up fuel prices and moved a step closer to reviving IMF programme
14 sessions of decline: Rupee falls to 201.41 against dollar Updated 24 May, 2022 07:41pm Lack of update on IMF talks and political turmoil could hurt the rupee further
Rupee falls for 13th consecutive session, closes at 200.93 against dollar Updated 23 May, 2022 08:16pm Stalemate between Pakistan and IMF largely driving the value of rupee lower Pakistan has to take harsh steps to appease the lender, analysts say
Dollar up after biggest drop in 2 months as Fed’s Powell reaffirms hawkish outlook Published 18 May, 2022 05:49pm LONDON: The US dollar edged higher on Wednesday, a day after posting its biggest single-day drop in more than two...
IMF boosts weight of Chinese yuan, dollar in currency basket Updated 15 May, 2022 10:45pm NEW YORK: The International Monetary Fund has lifted the weight of China's yuan and the US dollar in the...
Imran says he warned economy would 'go into a tailspin' if his govt was ousted Updated 13 May, 2022 05:47pm Statement comes as the country, with a widening trade deficit, sees a massive decline in its foreign exchange reserves and fall in rupee value
KSE-100 records marginal gain in roller-coaster session Published 12 May, 2022 06:47pm Index was unable to sustain 43,000 level, finishes at 42,898.44 after 35-point increase
Dollar towers at two-decade high on growth woes, Fed outlook Published 29 Apr, 2022 10:40am SINGAPORE: The dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a...
Dovish BoJ sends yen to 20-year low, pressure on euro grows Published 28 Apr, 2022 02:58pm LONDON/SYDNEY: The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002,...
Dollar hits 20-year peak on yen as BOJ stays super-easy Published 28 Apr, 2022 11:25am SYDNEY: The dollar shot to two-decade highs on the yen on Thursday after the Bank of Japan (BOJ) doubled-down on its...
Dollar nears pandemic peaks as investors seek safety Published 27 Apr, 2022 10:35am SINGAPORE: The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading...
China’s yuan slides to 6-month low as tightening prospects help dollar Published 21 Apr, 2022 12:13pm SHANGHAI: China’s yuan slipped to a more than six-month low against the US dollar on Thursday, after the country’s...
Japan’s yen bounces briefly after Kuroda comments Published 18 Apr, 2022 09:49am SINGAPORE: The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on...
Dollar falls as US yield rally stops for breath Published 14 Apr, 2022 10:54am HONG KONG: The dollar lost ground against most major peers on Thursday, falling from two year peak hit overnight, as...
China’s yuan eases as dollar lifted by expectations for accelerating inflation Published 12 Apr, 2022 10:23am SHANGHAI: The yuan weakened slightly on Tuesday on a softer daily central bank fixing and as the US dollar firmed...
Macron lead lends a hand to the euro ahead of ECB Published 11 Apr, 2022 12:17pm SINGAPORE: The euro made a firm start to the week on investor relief that incumbent Emmanuel Macron led first-round...
Rising US yields squeeze yen; Macron presidential vote lead aids euro Published 11 Apr, 2022 11:11am SINGAPORE: The dollar stood tall in the Asia session on Monday, helped by inexorably rising US yields, though the...
Euro wallows on Ukraine sanctions worries, Aussie calm before RBA Published 05 Apr, 2022 11:46am TOKYO: The euro languished near a one-week low against the dollar on Tuesday amid talk of more sanctions against...
Australia, NZ dollars in buoyant mood as funds flow out of yen Published 21 Mar, 2022 11:42am SYDNEY: The Australian and New Zealand dollars were near their highs for the year so far on Monday as high bond...
Sterling climbs ahead of expected BoE rate hike Published 17 Mar, 2022 03:33pm LONDON: The British pound gained on Thursday as investors prepared for an expected interest rate rise from the Bank...
Euro struggles to hold to post-ECB gains, dollar hits 5-year peak on yen Published 11 Mar, 2022 03:48pm LONDON: The euro steadied on Friday but was still set for weekly gains as the European Central Bank’s announcement...
Dollar hovers above two-week lows Published 08 Apr, 2021 05:39pm Fed minutes offer no new catalysts to lift greenback. Higher US stocks sap demand for dollar as a haven.
Early trade in New York: Dollar hits four-month peak Published 31 Mar, 2021 05:42am NEW YORK: The dollar climbed to a four-month peak on Monday in choppy trading, with the euro languishing below $1.18...
Currency diaries Published 19 Mar, 2021 07:25am The appreciation of PKR against USD has continued for the past few weeks (since the start of Feb 21). Prior to that...