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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

forex rate

Dollar pares gains before Fed's Powell speaks
Markets

Dollar pares gains before Fed's Powell speaks

  • "The US is assuming the leadership position on growth matters, fiscal dominance and certainly vaccinations," said Mazen Issa, senior FX strategist at TD Securities in New York.
  • The dollar index was little changed on the day at 91.094, after earlier rising to 91.223. The euro dipped 0.19% to $1.2039.
Updated 04 Mar, 2021 09:51pm
Mexico's peso dips, markets on edge after Senate approves divisive power bill
Markets

Mexico's peso dips, markets on edge after Senate approves divisive power bill

  • The peso weakened 1.08% to 20.8 per US dollar on Wednesday after the Senate approved the bill on Tuesday evening.
  • The legislation, aimed at strengthening state utility CFE, has frayed market nerves amid criticism it is essentially an "indirect expropriation" that could elbow out private sector renewable energy providers.
Published 03 Mar, 2021 09:12pm
Dollar index higher, Aussie gains on better risk sentiment
Markets

Dollar index higher, Aussie gains on better risk sentiment

  • If you do see volatility the natural inclination is to take risk off the table, in this case it just basically means getting out of existing positions and the dollar shorts are extremely elevated at this point.
  • Short US dollar positions were last at $29.33 billion, according to data by the Commodity Futures Trading Commission.
Published 02 Mar, 2021 09:33pm
Turkish lira extends decline after gov't defends past policies
Markets

Turkish lira extends decline after gov't defends past policies

  • The lira weakened as far as 7.1840 and stood at 7.17 against the US currency at 1200 GMT, compared to a close of 7.11 on Tuesday.
  • "Some are sure that he will be appointed energy minister but Erdogan will decide. There are also those in the party that say this is not possible," the official told Reuters.
Published 24 Feb, 2021 06:54pm