Trends - Yuan - Business Recorder

Yuan

Yuan set for longest weekly winning streak since Sept

Export growth unexpectedly picked up in April, data showed on Friday, as the world's second-largest economy extended its recovery from the COVID-19 pandemic.

Published 07 May, 2021 11:24am

Markets

Dollar on backfoot ahead of US jobs data

Although the polls already closed at 2100 GMT, votes will not be counted until Friday morning due to the coronavirus pandemic.

Published 07 May, 2021 11:17am

Markets

Kenyan shilling firms to three-week high, government bond sale helps

At 0853 GMT, commercial banks quoted the shilling at 106.70/106.90 per dollar, its strongest since April 15.

Published 06 May, 2021 02:49pm

Markets

Yuan weakens to 1-week low as market plays catch-up with firmer dollar

Loose cash conditions usually weigh on the currency.

Published 06 May, 2021 02:47pm

Markets

Turkish lira eases slightly, central bank seen holding policy rate

The lira stood at 8.3350 against the dollar at 0620 GMT, slightly weaker than its close of 8.3150 on Wednesday.

Published 06 May, 2021 11:50am

Markets

Dollar holds near two-week high, US jobs data eyed for Fed clues

In cryptocurrencies, ether traded at $3,462.62 after reaching a record $3,559.97 on Tuesday, the ninth straight day to mark an all-time high.

Published 06 May, 2021 11:38am

Markets

Canadian dollar slips as seasonal trade shifts in favor of greenback

Analysts had predicted a surplus of C$700 million.

Published 05 May, 2021 12:05pm

Markets

Dollar struggles to extend rally, traders eye major euro bulwark

The dollar was steady on the yen at 109.31 and again needs to break resistance at 109.61 to encourage more speculative bids.

Published 05 May, 2021 12:01pm

Markets

Canadian dollar nears 3-year high, underpinned by Fed's dovish stance

The Canadian dollar was trading 0.1% higher at 1.2272 to the greenback, or 81.49 US cents, having traded in a range of 1.2266 to 1.2317. On Friday, it touched its strongest intraday level since February 2018 at 1.2262.

Published 04 May, 2021 11:45am

Markets

Dollar finds footing as looming data pose test for policymakers

"The rapidly improving economic outlook in the UK amid general dollar weakness may just be the catalyst to move sterling back above 1.40 in the coming weeks," said Commonwealth Bank of Australia analyst Kim Mundy.

Published 04 May, 2021 11:42am

Markets

Australia dollar sags as RBA stays super loose while upgrading economic outlook

Underpinning the Aussie has been a bull run in prices for many of Australia's resource exports, notably iron ore.

Published 04 May, 2021 11:40am

Markets

Dollar wobbles after manufacturing miss as traders look to payrolls

The Australian dollar was 0.1% weaker in morning trade at $0.7756, and the kiwi a tad softer at $0.7194.

Published 04 May, 2021 11:38am

Markets

'Resolutely' dovish Fed sends dollar to 4th weekly loss; loonie at 3-year high

"All signs point to a continued bull market."

Published 30 Apr, 2021 11:38am

Markets

Tokyo's key Nikkei index opens lower

The dollar stood at 108.89 yen, little changed from 108.92 yen in New York overnight.

Published 30 Apr, 2021 10:59am

Markets

Asian markets sink as traders fail to take up Wall St baton

Still, observers remain upbeat about the outlook as vaccinations pick up and lockdowns are eased, while vast sums of government and central bank cash swirls around the economy.

Published 30 Apr, 2021 10:55am

Markets

Asian currencies benefit from weaker dollar after Fed

However, some analysts were sceptical about the performance of Thai markets.

Published 29 Apr, 2021 11:45am

Markets

China's yuan near 2-month high as Fed, Biden stimulus drag on dollar

"China's solid macroeconomic fundamentals should continue to provide support for the currency," Matthew Ryan, senior market analyst at Ebury, said in a note.

Published 29 Apr, 2021 11:38am

Markets

Canadian dollar posts 3-year high as Fed stays a step behind BoC

Oil, one of Canada's major exports, settled 1.5% higher at $63.86 a barrel after US distillate inventories posted a large drawdown and refiners ramped up activity to the highest in over a year.

Published 29 Apr, 2021 11:35am

Markets

US dollar falls after Fed holds rates, Powell says not time for taper talk

The euro rose 0.3% to $1.2128, while the dollar slipped 0.1% against the yen to 108.63 .

Published 29 Apr, 2021 11:33am

Markets

Asian markets lifted by upbeat Fed, strong results

Americans earning less than $400,000 a year, however, would face no extra taxes, he said.

Published 29 Apr, 2021 10:29am

Markets

China's yuan slips, but seen resilient on economic outlook

The economy was forecast to grow 8.1%, driven by strong domestic demand and exports, before moderating to 5.5% in 2022.

Published 28 Apr, 2021 10:53am

Markets

Australian dollar unsettled by soft inflation, finds strength in commodities

That boon, combined with a much stronger labour market, could cut its 2020/21 budget deficit by around A$50 billion and lessen the need to borrow.

Published 28 Apr, 2021 10:51am

Markets

Dollar pins hopes on Fed, Biden for cementing rebound from 8-week low

News reports about his tax-hike plan dented markets' risk appetite only briefly on Friday but analysts think there could be a bigger reaction if the plan becomes more concrete.

Published 28 Apr, 2021 10:51am

Markets

Yuan flat before Fed outcome, wary on Huarong developments

Some market participants say developments around Chinese state-owned bad loan giant China Huarong Asset Management Co have also lent a cautious air to yuan trading.

Published 27 Apr, 2021 12:15pm

Markets

Dollar near multi-week lows before Fed, yen unmoved after BOJ

The offshore Chinese yuan retreated 0.1% after rising to a seven-week top of 6.4710 per dollar on Monday.

Published 27 Apr, 2021 12:10pm

Markets

Yuan inches up, markets await key policy meetings

The country's foreign exchange trading platform releases data on a weekly and monthly basis.

Published 26 Apr, 2021 11:22am

Markets

Dollar holds weak bias on expectations Powell will shun tapering

Elsewhere, the Australian and New Zealand dollars traded near one-month highs but are likely to track moves in global commodity prices, traders said.

Published 26 Apr, 2021 11:18am

Markets

Dollar slumps to 8-week low on bets US tapering remains distant

The onshore yuan edged up to 6.4889 per dollar, just shy of a six-week high.

Published 26 Apr, 2021 11:17am

Markets

Asian markets mostly rise ahead of Fed meeting, earnings

Still, Asian traders were in an upbeat mood in early business, with Tokyo, Hong Kong, Shanghai, Seoul, Singapore, Taipei and Manila all up, though there were slight losses in Sydney, Jakarta and Bangkok.

Published 26 Apr, 2021 10:34am

Business & Finance

‘Digital currency’: A central bank alternative to bitcoin?

LONDON: Digital euros, yuan and dollars? Faced with increased popularity for cryptocurrency bitcoin, as well as for...

Updated 26 Apr, 2021 10:12am

Gainers
Losers
Leaders

Stock	Price
786 Investments / May 9 786 Investments Limited(786)	7.55 ▼ 0.00 (0.00%)
AL- Abbas / May 9 Al-Abbas Sugar Mills Limited(AABS)	352.25 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	68.92 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	780.20 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / May 9 Attock Cement Pakistan Limited(ACPL)	161.23 ▼ 0.00 (0.00%)
Adam Sugar / May 9 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / May 9 786 Investments Limited(786)	7.55 ▼ 0.00 (0.00%)
AL- Abbas / May 9 Al-Abbas Sugar Mills Limited(AABS)	352.25 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	68.92 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	780.20 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / May 9 Attock Cement Pakistan Limited(ACPL)	161.23 ▼ 0.00 (0.00%)
Adam Sugar / May 9 Adam Sugar Mills Limited(ADAMS)	23.50 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	152.30
USD PKR Interbank Buying / May 7	152.20
USD to Japanese Yen / May 7	108.60
USD to Swiss Franc / May 7	0.90
Pound Sterling to USD / May 7	1.40
Euro to USD / May 7	1.22
UK LIBOR % / May 7	0.06

Stock	Volume
S&P 500 / May 7	4232.60
India Sensex / May 7	49206.47
Tokyo Nikkei / May 7	29357.82
Nasdaq / May 7	13752.24
Hang Seng / May 7	28610.65
FTSE 100 / May 7	7129.71
Dow Jones / May 7	34777.76
Germany DAX 30 / May 7	15399.65
France CAC40 / May 7	6385.51

Item	Value
Crude Oil / May 7	64.90
Karachi Cotton Assoc. / May 7	11300.00
Gold 10 Grams / May 7	89163.00
Gold Spot / May 7	1831.30
Cotton / May 7	89.66

Yuan

Yuan set for longest weekly winning streak since Sept

Dollar on backfoot ahead of US jobs data

Kenyan shilling firms to three-week high, government bond sale helps

Yuan weakens to 1-week low as market plays catch-up with firmer dollar

Turkish lira eases slightly, central bank seen holding policy rate

Dollar holds near two-week high, US jobs data eyed for Fed clues

Canadian dollar slips as seasonal trade shifts in favor of greenback

Dollar struggles to extend rally, traders eye major euro bulwark

Canadian dollar nears 3-year high, underpinned by Fed's dovish stance

Dollar finds footing as looming data pose test for policymakers

Australia dollar sags as RBA stays super loose while upgrading economic outlook

Dollar wobbles after manufacturing miss as traders look to payrolls

'Resolutely' dovish Fed sends dollar to 4th weekly loss; loonie at 3-year high

Tokyo's key Nikkei index opens lower

Asian markets sink as traders fail to take up Wall St baton

Asian currencies benefit from weaker dollar after Fed

China's yuan near 2-month high as Fed, Biden stimulus drag on dollar

Canadian dollar posts 3-year high as Fed stays a step behind BoC

US dollar falls after Fed holds rates, Powell says not time for taper talk

Asian markets lifted by upbeat Fed, strong results

China's yuan slips, but seen resilient on economic outlook

Australian dollar unsettled by soft inflation, finds strength in commodities

Dollar pins hopes on Fed, Biden for cementing rebound from 8-week low

Yuan flat before Fed outcome, wary on Huarong developments

Dollar near multi-week lows before Fed, yen unmoved after BOJ

Yuan inches up, markets await key policy meetings

Dollar holds weak bias on expectations Powell will shun tapering

Dollar slumps to 8-week low on bets US tapering remains distant

Asian markets mostly rise ahead of Fed meeting, earnings

‘Digital currency’: A central bank alternative to bitcoin?

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