Dollar Nears Two-Month Low as Trump Presses Fed for Bigger Rate Cut The U.S. dollar slipped close to a two-month low against the British pound on Tuesday, as investors braced for another Federal Reserve rate cut and U.S. President Donald Trump renewed pressure for more aggressive monetary easing. Markets widely expect the Fed to trim […]
Gold Hits Record $3,501 as Markets React to US Dollar and AI Surge in China Gold prices soared to a new all-time high of $3,501.59 per ounce during early trading in Asia on Tuesday, surpassing the previous record of $3,500.10 set in April. The surge comes as investors digest a weaker US dollar and the […]
Dollar Stays Strong, Other Currencies Drop in Open Market The US Dollar stayed strong in Pakistan’s open market on Monday. According to the Forex Association of Pakistan (FAP), the Dollar was bought at Rs 285.3 and sold at Rs 286.3. The Euro dropped by Rs 2.15 and closed at Rs 330.73, compared to the previous […]
LONDON – Growing uncertainty around U.S. foreign policy under former President Donald Trump has prompted the Bank of England (BoE) to ask major banks to reassess their reliance on the U.S. dollar, especially in times of financial stress. The U.S. dollar is the backbone of international trade and finance. But Trump’s disruption of traditional U.S. […]
The trading session saw the PKR fluctuate, reaching an intraday high (bid) of 285.0 and a low (ask) of 287.1, indicating a stable yet dynamic market. In the open market, exchange companies quoted the US Dollar at PKR 284.90 for buying and PKR 287.10 for selling. Against other major currencies, the PKR showed varied movements: […]
Shares of major ether-holding companies surged as Ethereum’s native token climbed to its highest level since January. BitMine Immersion Technologies, backed by billionaire Peter Thiel and led by Fundstrat’s Tom Lee as board chairman, saw its stock rise 14% after disclosing it had amassed 300,657 ether in just three weeks. The firm now aims to […]
PKR Shows Mixed Performance; USD Climbs to PKR 287.30 in Open Market KARACHI – July 16, 2025: The Pakistani Rupee (PKR) exhibited a mixed trend in currency markets on Tuesday, with the US Dollar (USD) quoted at PKR 285.10 for buying and PKR 287.30 for selling in the open market, according to exchange companies. Against […]
cSpot gold was down 0.8% at $3,307.87 an ounce at 1302 GMT after hitting its lowest since June 30 at $3,296.09. U.S. gold futures lost 0.7% to $3,318. The stronger dollar, up 0.2% against a basket of other major currencies, makes dollar-priced gold more expensive for buyers with other currencies. “The market volumes remain quiet […]
The US currency started the week on the back foot after Trump said on Friday that he planned to double duties on imported steel and aluminum to 50% from Wednesday, and as Beijing hit back against accusations it violated an agreement on critical minerals shipments. China’s Commerce Ministry said on Monday the charges were “groundless,” […]
In the open market, the US Dollar’s buying and selling rates were reported at Rs. 281.80 and Rs. 283.20, respectively, showing a narrow trading band. Other major currencies displayed mixed trends. The Saudi Riyal (SAR) stood at Rs. 75.21, supported by strong remittance flows from Pakistani workers in Saudi Arabia. The UAE Dirham (AED) was […]
