dollar
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Firm dollar keeps peers on back foot ahead of BOE, Fed decisions
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A representational image showing a person counting US dollar notes. — AFP/File TOKYO: The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump’s win in the US presidential election, while investors eyed…
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BRICS: US dollar suffers massive blow as India-Russia local trade reaches record high
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BRICS trade hits new record as US Dollar takes big hit. — Global Finance Magazine/File The United States dollar suffers yet another blow as the BRICS countries’ unilateral trade has reached a record high. According to the Emirates News Agency,…
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BRICS: India, Nigeria ditch US dollar, will trade in local currency
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Doubts in US dollar begin to seep in as new currency comes to the rescue. — Business Forward/File In a bid to counter the United States dollar’s supremacy, BRICS member countries India and Nigeria have agreed to trade in their…
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BRICS joining hands with North Korea to fight against US dollar dominance?
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Kim Jong Un planning to move away from self-containment?. — Business Forward/File North Korea expressed interest in joining the BRICS bloc, redefining its decision to remain geopolitically isolated, Coin Tribune reported. The East Asian country, which is often seen as…
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BRICS countries to stop trading in US dollar, plans to introduce new currency
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Doubts in US dollar begin to seep in as new currency comes to the rescue. — Watcher Guru/File The BRICS countries which include, Brazil, Russia, India, China, and South Africa are set to meet for its annual summit in October…
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Rupee rises to 4-1/2-month high vs dollar | The Express Tribune
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KARACHI: Pakistani currency on Friday hit a four-and-a-half-month high at Rs279.04 against the US dollar in the inter-bank market where it extended its uptrend for the second consecutive day. The latest, meaningful increase in the rupee value came in the…
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Rupee hits 10-week high against US dollar | The Express Tribune
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KARACHI: The Pakistani rupee strengthened to almost Rs281.50 against the US dollar, achieving a 10-week high in the interbank market on Friday. The uptrend continued for the third consecutive working day, with a notable boost in foreign currency inflows contributing…
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Rupee hits over two-month high against dollar | The Express Tribune
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KARACHI: Pakistani currency resumed its uptrend on Wednesday after taking a breather for a day, hitting over two-month high at slightly above Rs281.50 against the US dollar in the inter-bank market. The uptick stemmed from a reduction in demand for…
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Rupee to range between 297 and 321 per dollar by June-end | The Express Tribune
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KARACHI: Pakistani currency is projected to depreciate 5-12% over the next six months to somewhere between Rs297 and Rs321 to a dollar in the inter-bank market by the end of current fiscal year on June 30, 2024. The forecast comes…
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‘Ishaq-Dar policy appreciating rupee against dollar’
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Former minance minister Ishaq Dar addresses a press conference in Lahore on June 30, 2023. — AFP ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Senator Ishaq Dar said Monday that it was due to the policies he put in place that the…
