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Business Recorder Logo
Jun 20, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US interest rates

Dollar hits two-week high in wake of rates talk
Markets

Dollar hits two-week high in wake of rates talk

  • The dollar's bounce on Tuesday put pressure on the euro, which dropped once again below the $1.20 mark on Wednesday, hitting its lowest against the buck in over two weeks.
  • The dollar index, which measures the greenback against a basket of peer currencies, rose as high as 91.436, its highest since April 19.
Published 05 May, 2021 05:38pm
Japanese shares fall on profit booking, checking US rates
Markets

Japanese shares fall on profit booking, checking US rates

  • Nikkei share average lost 0.81% to 29,844.81 by 0208 GMT, after hitting the 30,000 mark for the first time in more than two weeks on Monday. The broader Topix fell 0.74% to 1,968.80
  • "The market fundamental is strong. But ultimately the stimulus packages in the US and the direction of the long term interest rates could determine the move of the Japanese market."
Published 06 Apr, 2021 10:54am