Trends - Yuan - Business Recorder

Yuan

Risk of Fed surprise keeps dollar well bid

The euro perched at $1.2120, just above a one-month low of $1.2093 it hit last week.

Published 15 Jun, 2021 11:15am

Markets

Dollar little changed as traders seek direction from Fed meeting

In cryptocurrencies, bitcoin traded around $39,000 after recovering from close to $31,000 last week.

Published 14 Jun, 2021 12:42pm

Markets

Hong Kong shares end with gains

The Hang Seng Index added 0.36 percent, or 103.25 points to 28,842.13.

Published 11 Jun, 2021 01:51pm

Markets

Asia stocks up, US bond yields down as inflation fears ease

The 30-year yield touched 2.1270%, its lowest level since Feb. 26.

Published 11 Jun, 2021 01:44pm

Markets

High-flying South African rand set for first red week in four

The country still suffers from chronic unemployment, and we still can't see a strong argument for an accelerated recovery that would propel core inflation beyond the SARB's comfort zone.

Published 11 Jun, 2021 12:35pm

Markets

Dollar marooned as investors shrug off inflation spike

Ahead of the onshore trading band fix, China's yuan was steady at 6.3853 per dollar offshore.

Published 11 Jun, 2021 11:05am

Business & Finance

China bank loans unexpectedly rise

BEIJING: China’s new bank loans unexpectedly rose in May from the previous month but broader credit growth...

Published 11 Jun, 2021 03:41am

Markets

South Africa's rand falls ahead of US CPI, local data

On the domestic front, investors await April mining and manufacturing figures due later in the day for clues on the health of the economy at the start of the second quarter.

Published 10 Jun, 2021 12:34pm

Markets

Spot gold still targets $1,864-$1,877 range

Based on a retracement analysis, the pullback is towards $1,851.

Published 10 Jun, 2021 11:11am

Markets

Two-way yuan volatility will become normal, says FX regulator head

Global markets have "detached from economic fundamentals, vulnerability has increased...it could lead to a rise in global risk aversion and changes to cross-border capital flows," Pan warned.

Published 10 Jun, 2021 11:07am

Markets

Dollar stuck near 5-month low as caution reigns ahead of US CPI, ECB tests

The best-known digital token has struggled since reaching a record $64,895.22 in mid-April.

Published 10 Jun, 2021 11:05am

Markets

Tokyo stocks open lower ahead of key US data, ECB

The US consumer price data due later in the day could either exacerbate or mitigate inflation worries, analysts said.

Published 10 Jun, 2021 10:43am

Markets

Asia markets rise with key events on horizon

The release Thursday of May's consumer price index is now crucial, with warnings that a big miss to the upside of the 4.7 percent forecast would ramp up expectations of policy tightening.

Published 10 Jun, 2021 10:00am

Markets

Yuan edges higher in thin trade, market awaits US inflation data

By midday, the global dollar index fell to 90.085 from the previous close of 90.127, while the offshore yuan was trading at 6.3942 per dollar.

Published 09 Jun, 2021 01:05pm

Markets

Dollar teeters as inflation test looms

The ECB is expected to keep policy settings steady, but the euro is likely to be sensitive to changes in the bank's economic forecasts or any signal that the pace of bond buying could be reduced in months ahead.

Published 09 Jun, 2021 12:06pm

Markets

Dollar subdued as investors look to key US inflation gauge

Cryptocurrencies were also little moved. Bitcoin traded flat at $33,564, while ether stood at $2,581.

Published 08 Jun, 2021 10:55am

Markets

China’s Wuxi exchange plans to launch lithium contract as soon as July

BEIJING: China’s Wuxi Stainless Steel Exchange plans to launch a lithium contract as soon as July in response to...

Published 08 Jun, 2021 04:09am

Markets

Sterling edges down amid doubts over June 21 reopening

By 0750 GMT the pound was down 0.2% against the dollar at $1.4136, and down a similar amount against the euro at 86.06 pence.

Published 07 Jun, 2021 01:15pm

Markets

Dollar edges up, recovering from jobs miss

At 0715 GMT, the dollar index was up 0.2% on the day at 90.283. The euro was down 0.2% against the dollar, at $1.21465.

Published 07 Jun, 2021 01:13pm

Markets

China, Hong Kong stocks fall as exports miss estimates

The Hang Seng index dropped 0.8% to 28,695.18, while the Hong Kong China Enterprises Index lost 0.7% to 10,728.76.

Published 07 Jun, 2021 11:45am

Markets

Yuan dips below key threshold on rising corporate dollar demand

By midday, the global dollar index rose to 90.153 from the previous close of 90.142, while the offshore yuan was trading at 6.3975 per dollar.

Published 07 Jun, 2021 11:24am

Markets

Dented by jobs miss, dollar teeters ahead of CPI

Also this week is Chinese trade balance data, which could give a reading on the fundamental forces behind the yuan's rapid rise, while the market's focus for the ECB is on whether the bank adjusts the pace of its bond buying programme.

Published 07 Jun, 2021 11:21am

Markets

Asian markets lower on rate fears, G7 tech tax plan

The optimism faded in Asia, with markets mostly lower in Monday trade.

Published 07 Jun, 2021 09:59am

Business & Finance

Long bets on yuan near six-month high; ringgit bears firm

SINGAPORE: Bullish bets on the Chinese yuan hit a near six-month high after a rally against the US dollar, a Reuters...

Published 07 Jun, 2021 03:34am

Markets

Beijing's jawboning sets yuan on track for biggest weekly loss in four months

Analysts say the yuan could face some headwinds in the near term as attempts to rein in the recent rally bite, and as China's uneven recovery continues.

Published 04 Jun, 2021 11:57am

Markets

Dollar jumps as strong run of data turns all eyes to payrolls

The US dollar index, which measures the greenback against a basket of six major currencies, rose 0.7% on Thursday to stand at a three-week high of 90.574 on Friday.

Published 04 Jun, 2021 10:41am

Markets

Canadian dollar drops by most in 6 weeks as greenback rallies

Still, the Bank of Canada is seen tapering its asset purchase program again next quarter amid expectations for a robust economic recovery, a Reuters poll showed.

Published 04 Jun, 2021 10:39am

Markets

Dollar climbs to three-week peak in wake of strong US data

On Thursday, the New York Fed said it would start to gradually sell its portfolio of exchange-traded funds that invest in corporate bonds on June 7, the first step in unwinding corporate bond holdings acquired during the pandemic.

Published 04 Jun, 2021 10:38am

Markets

Dollar on tenterhooks as payrolls test looms

Indeed speculators in March flipped rapidly into short yen positions and Japanese currency has been the biggest major loser against the dollar during 2021, dropping almost 6%.

Published 03 Jun, 2021 12:17pm

Markets

Australia, NZ dollars locked in limbo, ponder RBA policy scenarios

Markets have spent all week hanging on the May payrolls report and the outcome will likely unleash major moves no matter what it reveals.

Published 03 Jun, 2021 12:15pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.61
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.24
Euro to USD / Apr 18	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
India Sensex / Apr 18	72488.99
Tokyo Nikkei / Apr 18	37716.66
Nasdaq / Apr 18	15601.50
Hang Seng / Apr 18	16385.87
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40

Item	Value
Crude Oil USD/Barrel / Apr 18	82.64
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Gold Spot USD/Ounce / Apr 18	2374.36
Cotton US¢/pound / Apr 18	80.61
Petrol/Litre / Apr 19	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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