dollar
-
Europe questions Fed’s dollar support | The Express Tribune
.
[ad_1] Listen to article LONDON/MADRID/FRANKFURT: Some European central banking and supervisory officials are questioning whether they can still rely on the US Federal Reserve to provide dollar funding in times of market stress, six people familiar with the matter said, casting some doubt over what has been a bedrock of financial stability. The sources told Reuters they…
-
Dollar posts biggest loss on tariff angst | The Express Tribune
.
[ad_1] Listen to article NEW YORK/LONDON: The US dollar slid on Friday and was set for its biggest weekly loss in over a year after President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty about the trade policy that kept equity markets on edge. Trump told Fox News on Thursday his recent…
-
Firm dollar keeps peers on back foot ahead of BOE, Fed decisions
.
[ad_1] 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 several central bank decisions that will be topped off by the Federal Reserve. The…
-
BRICS: US dollar suffers massive blow as India-Russia local trade reaches record high
.
[ad_1] 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, economic exchanges between two of the most well-known countries in the bloc have surpassed…
-
BRICS: India, Nigeria ditch US dollar, will trade in local currency
.
[ad_1] 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 local currencies and not the greenback anymore, Watcher Guru reported. The two countries have…
-
BRICS joining hands with North Korea to fight against US dollar dominance?
.
[ad_1] 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 a pariah at the international stage, has been slowly moving away from its self-containment…
-
BRICS countries to stop trading in US dollar, plans to introduce new currency
.
[ad_1] 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 where the developing countries may announce setting up a new currency to counter the…
-
Rupee rises to 4-1/2-month high vs dollar | The Express Tribune
.
[ad_1] 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 wake of International Monetary Fund’s (IMF) positive response to Pakistan over the request of…
-
Rupee hits 10-week high against US dollar | The Express Tribune
.
[ad_1] 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 to the positive momentum. State Bank of Pakistan (SBP) data revealed a 0.10% increase,…
-
Rupee hits over two-month high against dollar | The Express Tribune
.
[ad_1] 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 the foreign currency and an increase in its supply in the banking network. According…
