AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 127.05 Increased By ▲ 0.01 (0.01%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.86 Increased By ▲ 0.42 (1.01%)
DGKC 87.50 Increased By ▲ 0.65 (0.75%)
FCCL 32.50 Increased By ▲ 0.22 (0.68%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.34 Increased By ▲ 0.09 (0.88%)
HUBC 109.11 Decreased By ▼ -0.46 (-0.42%)
HUMNL 14.70 Increased By ▲ 0.02 (0.14%)
KEL 5.10 Increased By ▲ 0.05 (0.99%)
KOSM 7.55 Increased By ▲ 0.09 (1.21%)
MLCF 41.43 Increased By ▲ 0.05 (0.12%)
NBP 59.61 Decreased By ▼ -0.80 (-1.32%)
OGDC 192.20 Increased By ▲ 2.10 (1.1%)
PAEL 28.15 Increased By ▲ 0.32 (1.15%)
PIBTL 7.79 Decreased By ▼ -0.04 (-0.51%)
PPL 150.85 Increased By ▲ 0.79 (0.53%)
PRL 26.40 Decreased By ▼ -0.48 (-1.79%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.85 Increased By ▲ 0.14 (1.82%)
TOMCL 35.40 Decreased By ▼ -0.01 (-0.03%)
TPLP 8.15 Increased By ▲ 0.03 (0.37%)
TREET 16.35 Decreased By ▼ -0.06 (-0.37%)
TRG 53.19 Decreased By ▼ -0.10 (-0.19%)
UNITY 26.40 Increased By ▲ 0.24 (0.92%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
BR100 9,988 Increased By 104.4 (1.06%)
BR30 31,138 Increased By 537.6 (1.76%)
KSE100 94,145 Increased By 789.1 (0.85%)
KSE30 29,172 Increased By 241.3 (0.83%)

The Chinese yuan ended up against the dollar on Wednesday after the US dollar index hovered around one-year lows as a broad sell-off gathered steam with investors moving to riskier assets amid growing signs of an economic recovery. The dollar index fell 0.40 percent to 76.242 in early European trade, near a one-year low of 76.187. The index has shed more than two percent this month.
Spot yuan closed at 6.8258 on Wednesday, up from Tuesday's close of 6.8289. Before trade began, the Chinese central bank set the yuan's daily mid-point at 6.8281 versus the dollar, up slightly from Tuesday's reference rate of 6.8284. "The dollar's global decline led the yuan up slightly today, but the yuan's real appreciation may still take some time," said a dealer at a European bank in Shanghai.
Bank for International Settlements (BIS) issued the data on Wednesday which showed the yuan's nominal effective exchange rate (NEER), its value against a trade-weighted basket of currencies, fell 0.78 percent in August, apparently due to the dollar's global weakness.

Copyright Reuters, 2009

Comments

Comments are closed.