However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs280.65 and Rs282.15, respectively. The price of the Euro increased by Rs9.71 to close at Rs318.96 against the last day’s closing of Rs309.25, according to the State Bank of Pakistan (SBP). The […]
The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump’s move to temporarily lower tariffs on many countries. The selloff in U.S. Treasuries picked up pace […]
The Canadian Dollar, also known as the Loonie, is the official currency of Canada. It’s considered one of the world’s most stable and widely traded currencies, backed by Canada’s strong economy, diverse industries, and high standard of living. On the other hand, the Pakistani Rupee (PKR) is the official currency of Pakistan. Its value is […]
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 […]
