AGL 40.40 Increased By ▲ 0.20 (0.5%)
AIRLINK 129.55 Increased By ▲ 0.44 (0.34%)
BOP 6.34 Decreased By ▼ -0.26 (-3.94%)
CNERGY 4.16 Increased By ▲ 0.13 (3.23%)
DCL 8.78 Increased By ▲ 0.33 (3.91%)
DFML 42.39 Increased By ▲ 1.14 (2.76%)
DGKC 87.76 Increased By ▲ 0.76 (0.87%)
FCCL 33.70 Increased By ▲ 0.35 (1.05%)
FFBL 66.15 Increased By ▲ 0.25 (0.38%)
FFL 10.73 Increased By ▲ 0.19 (1.8%)
HUBC 112.80 Increased By ▲ 2.10 (1.9%)
HUMNL 15.84 Increased By ▲ 0.61 (4.01%)
KEL 4.80 Increased By ▲ 0.02 (0.42%)
KOSM 7.94 Increased By ▲ 0.11 (1.4%)
MLCF 42.12 Increased By ▲ 0.22 (0.53%)
NBP 60.95 Increased By ▲ 0.45 (0.74%)
OGDC 189.40 Increased By ▲ 6.60 (3.61%)
PAEL 25.65 Increased By ▲ 0.29 (1.14%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 148.65 Increased By ▲ 0.84 (0.57%)
PRL 25.29 Increased By ▲ 0.73 (2.97%)
PTC 16.40 Increased By ▲ 0.16 (0.99%)
SEARL 70.59 Increased By ▲ 0.09 (0.13%)
TELE 7.35 Increased By ▲ 0.05 (0.68%)
TOMCL 36.15 Decreased By ▼ -0.15 (-0.41%)
TPLP 8.07 Increased By ▲ 0.22 (2.8%)
TREET 16.45 Increased By ▲ 1.15 (7.52%)
TRG 51.41 Decreased By ▼ -0.29 (-0.56%)
UNITY 27.60 Increased By ▲ 0.25 (0.91%)
WTL 1.28 Increased By ▲ 0.05 (4.07%)
BR100 9,932 Increased By 90.6 (0.92%)
BR30 30,482 Increased By 445.5 (1.48%)
KSE100 93,277 Increased By 756 (0.82%)
KSE30 28,985 Increased By 199 (0.69%)

The Canadian dollar gave back some of its recent gains against a firmer US dollar on Tuesday, after rising 3.4 percent versus its US counterpart over the previous three sessions on uncertainty surrounding the bailout of the US financial sector.
Canadian bond prices fell after data showed that core inflation rose more than expected in August, reinforcing the idea that the Bank of Canada will not be lowering interest rates any time soon.
The Canadian dollar fell 0.3 percent to end the North American session at C$1.0363 to the US dollar, or 96.50 US cents. That was down from C$1.0334 to the US dollar, or 96.77 US cents, at Monday's close. "After the recent sell-off, the US dollar is finding some stability," said Matthew Strauss, senior currency strategist at RBC Capital Markets.
Investors had been selling US dollars over concerns about how Washington was going to finance its planned $700 billion bailout for the US financial sector. US Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke warned members of the Senate banking committee of dire consequences for financial markets if the bailout package were delayed, although they gave few concrete details.

Copyright Reuters, 2008

Comments

Comments are closed.