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US dollar gets pushed in global oil trade

08 Mar 2023

It looks like that the economic sanctions imposed by the G7 and other European Union (EU) countries against Russia in the wake of the war in Ukraine turns out to...

Pakistan central bank raises key policy rate by 300 bps

02 Mar 2023

Pakistan’s central bank raised its key interest rate by 300 basis points on Thursday, exceeding investor expectations, as the country attempts to encourage the International Monetary Fund to release critical...

Pakistani rupee plunges to all-time low against US dollar

26 Jan 2023

The Pakistani rupee dived to an historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a vital bailout from the...

Dollar falls against yen as traders weigh China outlook

30 Dec 2022

The dollar slipped after rising in the previous session, with investors on edge at the end of the year as initial optimism over China’s reopening fizzled out. After hitting a...

Gold set for 2nd straight yearly drop

30 Dec 2022

Gold prices firmed on Friday, but were headed for a second consecutive yearly loss as aggressive rate hikes by the US Federal Reserve dented the non-yielding bullion’s appeal. Spot gold...

Gold prices edge higher as weaker dollar lifts appeal

20 Dec 2022

Gold prices ticked higher on Monday as a tepid dollar made bullion less expensive for overseas buyers, although the prospects of further interest rate hikes by the US Federal Reserve...

Global stock markets up, dollar declines as US inflation shrinks

13 Dec 2022

Stocks surged while the dollar dropped on Tuesday as US inflation slowed more than expected, opening the way for the Federal Reserve to reduce the tempo of interest rate hikes....

Global stock markets rally, dollar drops as US inflation fear eases

15 Nov 2022

Global stocks rose and the dollar retreated on Tuesday as a fall in US inflation and an improving outlook for China’s economy continued to cheer investors. Equities and bonds jumped...

China stocks notch trillion-dollar gain

04 Nov 2022

Chinese markets soared and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in week, as words and news reports fed hopes...

Gold jumps 1% as dollar rally stalls; focus on US jobs data

04 Nov 2022

Gold prices jumped more than 1 per cent on Friday and were headed for a weekly gain, as the dollar eased, while investors looked forward to US jobs report later...

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