17 Posts

dollar

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Dollar near five-month high

  • 4 min
The US dollar approached its 2024 peak against global currencies as US share futures declined before a Federal Reserve decision. The dollar rose over 0.5% and the dollar index reached a five-month high. Expectations for Fed rate cuts diminished after strong first-quarter US employment growth data. There was thin trading due to market closures in Europe and Asia.
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Rupee depreciates against US dollar in interbank

  • 2 min
The Pakistani rupee depreciated by 0.03 percent against the US Dollar in the interbank market, closing at 278.48 after losing nine paisas. Open market rates ranged between 278 and 279. The gold price increased, with the per tola price reaching Rs242,500 in the local market and internationally trading at $2,322 per ounce.
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USD: Dollar set for biggest weekly jump since May

  • 4 min
The US Dollar is poised for its largest weekly gain since May as expectations of early rate cuts dwindle. Its strength has impacted the euro, despite easing inflation pressure on the European Central Bank. Data supports the dollar’s momentum, and there's anticipation for influencing payrolls report later in the day. The Euro saw a sharp decline, reflecting uncertainty about ECB policy and inflation.
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US Dollar builds on previous day’s gains

  • 3 min
The US Dollar continued to gain momentum, bolstered by rising U.S. Treasury yields and cautious market sentiment. The dollar index increased by 0.22% to 102.47, with the euro dropping 0.2% to $1.092. Investors anticipated U.S. economic releases, including the Federal Reserve's December meeting minutes, while geopolitical tensions and market data also influenced trading.
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PKR continues to strengthen against US dollar

  • 3 min
The Pakistani Rupee strengthened in the interbank trading, gaining 26 paisa against the US Dollar and closing at Rs 281.93. The Euro increased by Rs 1.87, reaching Rs 313.47, while the exchange rates of Emirates Dirham and Saudi Riyal decreased. The Pakistan Stock Exchange also saw a positive trend with the KSE-100 index gaining over 1,000 points.
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Gold Prices Edge Up as US Dollar Ticks Lower

  • 2 min
Gold prices edged up on Thursday as the US dollar ticked lower, but the bullion lacked the impetus to move higher as investors remained on the sidelines in holiday-thinned trading and an uncertainty around the Federal Reserve's upcoming rate path.
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Gold Hits Over 2-Week Peak on Softer Dollar

  • 2 min
Gold prices rose to an over two-week high on Tuesday, as the U.S. dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank's latest meeting for further policy cues.
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Dollar Falls to Two-month Low on Fed View

  • 2 min
The US Dollar (USD) index fell to its lowest in more than two months on Monday, extending a slide from the prior week as investors held to the belief that the U.S. Federal Reserve has finished its interest rate hike cycle and assess when the central bank may start to cut rates.
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US Dollar Rallies to Fresh One-Year High

  • 2 min
The US Dollar (USD) climbed to its highest level in over a year against the Japanese yen on Monday, continuing to draw support from a scaling back of expectations for U.S. Federal Reserve interest rate cuts next year.