The largest cryptocurrency, bitcoin, was down more than 10% on the day, falling to an 18-month low of $23,750. It is down by around 50% so far this year. Smaller coin ether fell over 15% to $1,210.
The world's largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has lost around 28% since Friday and more than half of its value this year. It has slumped about 70% from its record high of $69,000 in November.
The partially convertible rupee ended at Rs78.9650/9750 per US dollar (Dhs21.49) after touching a lifetime low of Rs78.97. The currency had closed at Rs78.77 on Tuesday.
Pakistan's new government on Thursday said it would ban the import of over 30 luxury items including cars and fruit jams in an austerity move to help boost the country's faltering economy.
This is the seventh consecutive working day of free-fall in the rupee. The central bank has seemed helpless in controlling the speculative fall in the rupee as demand for the greenback continues to soar...
The Lebanese pound fell to a new low against the US dollar on the black market Monday as a severe economic downturn has sparked bank hold-ups by angry depositors and anti-government protests.
The yen and other safe-haven currencies were in demand on Monday. The yen, regarded as a haven in times of market turmoil by virtue of Japan’s status as the world’s biggest creditor,
The State Bank of Pakistan (SBP) released its first quarterly report on the state of Pakistan’s economy for the fiscal year of 2020 that stated progressive move as macroeconomic stabilisation process boosted with the initiation
A US-China currency agreement being floated as a symbol of progress in last week’s trade talks between the world’s two largest economies would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationship