Elsewhere, the yen gave up more of its recent gains as markets backed off a small chance of the Bank of Japan (BOJ) raising interest rates in May. Sowing more volatility across markets, U.S. President Donald Trump threatened to hit imports of wine, cognac, and other alcohol from Europe with a 200% tariff. The escalating […]
A rise in global trade tensions and worries over U.S. recession risks have rattled global markets and sparked huge volatility in currencies, as traders seesaw between relief and angst over U.S. President Donald Trump’s whip-saw policy changes. Markets were a tad calmer in the Asian session on Thursday as investors caught a break from the […]
Spot gold rose 0.4% to $2,901.13 an ounce as of 0701 GMT, while U.S. gold futures firmed 0.2% to $2,905.70. The dollar index hovered near a four-month low hit last week, making bullion less expensive for overseas buyers, while benchmark 10-year U.S. Treasury yields fell. “US dollar and Treasury yields are lower, which is helping […]
This rate holds significant importance for traders, overseas Pakistanis, and businesses involved in cross-border transactions. But what factors are driving this exchange rate, and how does it impact Pakistan’s economy? What Influences the CAD to PKR Exchange Rate? The Canadian Dollar to PKR exchange rate is a product of intertwined economic strategies, worldwide market shifts, […]
The Indian rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST. The reference rate, or the daily fix, was quoted at a 1/1.20 paisa premium, signalling strong dollar bids, a trader said. Meanwhile, the dollar index ticked up to 103.8, recovering from a four-month low hit last week after data […]
Spot gold was up 0.2% at $2,898.25 an ounce, as of 0805 GMT, after rising nearly 1% on Monday. U.S. gold futures gained 0.2% to $2,907.90. “It’s a modest move so far today… The clear deterioration in global trade relations and the weaker U.S. dollar on fears of a sudden slowdown in U.S. growth gave […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.75 and Rs 281.25, respectively. The price of the Euro increased by 91 paise to close at Rs292.26 against the last day’s closing of Rs291.09, according to the State Bank of […]
At 0931 GMT, the shilling was quoted at 128.90/129.40 per dollar, the same level it closed at on Monday. About KES The Kenyan Shilling (KES) is the official currency of Kenya, a country located in East Africa. It was introduced in 1966, replacing the East African shilling, which was used by Kenya, Tanzania, and Uganda. […]
The Indian rupee weakened to an all-time low of 85.8075 against the U.S. dollar, before intervention by the central bank helped it trim steep losses, according to traders. The currency settled at 85.5325, down 0.3% on the day, its worst single-day fall since June 4, when the surprise outcome of India’s general elections hit markets. […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.95 and Rs 279.45 respectively. The price of the Euro decreased by 42 paise to close at Rs 289.05 against the last day’s closing of Rs 289.47, according to the State […]
