Tag: Dollar

The dollar has a nice head start, having dropped 16 per cent over the past year against a basket of major US trading partners....

The country’s foreign exchange reserves have declined by a further 0.5 percent or $98.1 million in the week that ended on May 07, 2011....

An appreciating US dollar in the international money market after Osama’s death is seems to play a role in the so far stable currency...

The US dollar rose in Asian trade on Monday after news that Al-Qaeda leader Osama bin Laden had been killed nearly 10 years after...

KARACHI - The country's foreign exchange reserves slid down by 1.7 percent or $319 million to $17.637 billion after hitting a historic high a week earlier, State Bank of Pakistan (SBP) data indicated.
On the week that ended on March 26, the central bank had declared that the country's foreign exchange reserves had amassed to a record $17.956 billion owing primarily to a healthy inflow of the greenback on account of exports and worker remittances.
However, during the

LONDON - Gold rose back above $1,430 an ounce in Europe as oil prices climbed and the dollar eased, and as traders anticipate a rate hike from the European Central Bank may lead to further weakness in the US unit.
Rising interest rates are generally negative for gold, as they raise the opportunity cost of holding non-yielding assets, but real rates are expected to remain depressed by rising inflation. Spot gold was bid at $1,434.30 an ounce, against $1,427.98 late in New York. US

BEIJING - Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.
Although not an official policy statement, the paper by Xu Hongcai, a department deputy director at the China Center for International Economic Exchanges, offered a window onto the domestic pressures bearing on Beijing to move

ISLAMABAD - Sport should be taken as sport, but the Mohali defeat has raised many questions, among them the most critical one being: why had Pakistan not opted for the power-play when Shahid Afridi and Misbah-ul-Haq, captain and vice captain respectively, were at the crease?
What makes everyone suspect that it was a fixed match, with Prime Minister Yousaf Raza Gilani being the chief guest on the historic event, was the way the Indians took a start and Pakistan clearly appeared

HONG KONG
The dollar fell on Friday as speculation mounted that a US plan that included letting undervalued currencies strengthen would gain support ahead of a contentious weekend Group of 20 meeting. This had the sudden effect of lifting gold and oil prices.
Major European stocks opened lower, with Britain's FTSE 100 down 0.1 percent, France's CAC 40 down 0.5 percent and Germany's DAX off 0.3 percent. The FTS Eurofirst 300 opened 0.1 percent lower.
A positive outlook

LONDON: Gold eased in Europe on Tuesday as the dollar rebounded on the back of uncertainty over the extent of quantitative easing (QE) expected from U.S. authorities, denting interest in the metal as a haven from weak currencies.
Spot gold was bid at $1,344.30 an ounce at 1121 GMT, against $1,352.95 late in New York on Monday. U.S. gold futures for December delivery fell $9.20 an ounce to $1,345.20.
Prices rallied to a record $1,364.60 an ounce last week as expectations the

LONDON: Gold prices rose again, touching $1,350 an ounce in Europe, and silver touched a new 30-year high on Monday. It came amid rumors that the United States will shortly introduce further monetary easing.
Spot gold was bid at $1,348.70 an ounce at 1122 GMT, against $1,343.25 late in New York on Friday. US gold futures for December delivery rose $4.50 an ounce to $1,349.80. Spot gold is still within sight of last week's record $1,364.60.
The dollar slipped on Monday

LONDON: Oil rose for a second straight session on Monday, boosted by the dollar's continuing fall against a range of currencies, which outweighed news that China had tightened its monetary policy. Prices touched a five-month intra-day high of $84.43 last week.
Weakness in the greenback boosts the dollar value of oil, which is usually traded in the US currency.
Oil was "in a kind of win-win situation", where weak economic data supported prices by increasing expectations, but