AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The dollar edged higher on Wednesday, bolstered by data showing strong US private sector jobs growth for January, but gains were capped on caution ahead of the Federal Reserve's statement at the conclusion of its policy meeting later in the session. The dollar index advanced for a second straight session, paced by gains against the euro and yen.
Payrolls processor ADP reported that the US private sector added 213,000 jobs in January. That beat forecasts for gains of 178,000, but the monthly total was lower than job gains of 271,000 in December. "The 213,000 rise in the ADP measure of private employment in January suggests that the wider disruption to the economy caused by the government shutdown was modest," said Andrew Hunter, senior US economist, at Capital Economics in London.
In mid-morning trading, the dollar index rose 0.1 percent to 95.958. The dollar rose 0.2 percent against the yen to 109.67, and was up 0.4 percent versus the Swiss franc at 0.9987 franc. The euro fell 0.2 percent to $1.1412. The European Central Bank is expected to hold off tightening until year end. "Our three-month forecast for euro/dollar is between $1.14-$1.16 levels as we don't expect changes from either of the two major central banks (Fed, ECB)," said Antje Praefcke, a currency strategist at Commerzbank based in Frankfurt.
The Chinese yuan traded in the offshore market gained 0.3 percent to a six-month high of 6.7257 yuan. The United States and China begin two days of talks in Washington on Wednesday. Turnover in the Australian dollar and the yuan jumped last year as trade tensions fueled greater trading volumes.

Copyright Reuters, 2019

Comments

Comments are closed.