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Tag Archives: dollar

Rupee surges 9 paisa vs dollar in early morning

MUMBAI: The rupee jumped 9 paisa to 63.08 versus the dollar in early trade on Thursday at the Interbank Foreign Exchange on bigger selling of the US currency among a higher starting in domestic equity stocks. Forex dealers said besides continued selling of the American currency by exporters and banks, a higher opening in the domestic equity markets supported the ... Read More »

Rupee strengthens against dollar in open market at 101

KARACHI: The Pakistani rupee Thursday slightly strengthened against US dollar in open market, and also remained stable in interbank. As per local currency market, the American currency lost 5 paisas in open market to reach 101 and remained unchanged at 100.60 in interbank. On Wednesday, the US dollar remained firm both in interbank and open market at 100.6 and 101.05 ... Read More »

Indonesian Rupiah hits 3 week low against dollar

SINGAPORE: The Indonesian rupiah recorded three-week lows versus the dollar on Wednesday in otherwise quiet currency markets in Asia while shareholders seized their bets after the release of minutes of the Federal Reserve’s previous meeting and euro zone inflation data. The US dollar was broadly steady, staying near 9-year highs versus the euro but recovering some ground it lost to the ... Read More »

Rupee remains firm against dollar at 100.6

KARACHI: The Pakistani rupee Wednesday remained firm against US dollar both in open market and interbank. As per local currency market, the US dollar remained unchanged in interbank and open market at 100.6 and 101.05 respectively. On Tuesday, the US dollar gained 20 paisas in interbank to reach 100.6 in interbank and 5 paisas in open market to stand at ... Read More »

Oil price stands at $50 per barrel, euro at 9-years low vs dollar

BEIJING: Shanghai shares began the new year the same way they ended 2014, surging almost four percent Monday, while the euro touched an almost nine-year low against the dollar on expectations of fresh European Central Bank stimulus. Oil prices extended losses to sit at five-and-a-half-year lows due to signs of further weakening in the euro-zone economy, with both contracts falling ... Read More »

Indian rupee strengthens by 6 paisa against dollar

MUMBAI: The rupee added six paisa to 63.35 versus the US dollar in early trade today at the Interbank Foreign Exchange among sustained overseas capital inflows. Fresh selling of the American currency by exporters amid sustained inflows of foreign funds supported the rupee but a lower opening in the domestic equity market and the dollar’s gain against the euro, which ... Read More »

Rupee weakens vs US dollar, sheds 20 paisas in interbank to reach 100.6

KARACHI: The Pakistani rupee Tuesday weakened against US dollar both in open market and interbank. As per local currency market, the US dollar gained 20 paisas in interbank to reach 100.6 in interbank and 5 paisas in open market to stand at 101.05. On Monday, the American currency remained unchanged both in interbank and open market at 100.4 and 101 ... Read More »

Russian Rouble falls 4 percent against dollar due to weaker oil prices

MOSCOW: Russia’s rouble fell verses dollar and dragged more than 4 percent down due to weaker oil prices in volatile holiday trade. The rouble was 4.5 percent weaker against the dollar at 58.51 roubles and 2.4 percent weaker against the euro at 70.29. Oil prices, which have declined more than 50 percent from peaks in June last year, hit a ... Read More »

Premier says Ontario ready to shield Canada from economic tsunami caused by declining oil prices

TORONTO: Premier of Ontario Kathleen Wynne said Ontario is ready to shield Canada from the economic tsunami caused by declining oil prices and a sinking dollar. Ontario’s manufacturing heartland is poised to take advantage of cheap gasoline and a weak loonie this year while petroleum dependent provinces such as Alberta are taking a financial walloping. Read More »

Rupee remains firm vs US dollar at 100.4

KARACHI: The Pakistani rupee Monday remained firm against US dollar both in open market and interbank. As per local currency market, the American currency on the first trading day remained unchanged both in interbank and open market at 100.4 and 101 respectively. On Friday, the US dollar gained 45 paisas in open market and reached 101. The greenback shed 10 ... Read More »

Aussie dollar drops to 5-1/2-yr low at $0.80, NZ dollars at $0.77

SYDNEY/WELLINGTON: Expected monetary easing in Europe gave the US dollar a boost on Monday and the Australian and NZ dollars remained under pressure in thin trading. The Australian dollar dropped to a 5-1/2-year trough of $0.8053, as the US dollar gained most from a sharp decline in the euro. The Aussie was at $0.8086 at 0205 GMT, with technicals pointing ... Read More »

Rupee depreciates by 45 paisas against dollar to reach 101 in open market

KARACHI: The Pakistani rupee Friday weakened against US dollar in open market, however it gained value in interbank. As per local currency market, the US dollar gained 45 paisas in open market and reached 101. The greenback shed 10 paisas in interbank to close at 100.4 on the last trading day. On Thursday, the American currency got 10 paisas in ... Read More »

Yen remains weaker vs dollar for 3rd consecutive year

SINGAPORE: The yen remained weaker versus the dollar after falling for a third straight year among speculation the Bank of Japan will carry on unmatched stimulus measures, as the Federal Reserve will raise interest rates this year. The dollar held gains against its 16 major peers before a report by Market Economics which economists say will show that a US manufacturing ... Read More »

Chinese, US stocks stand out as top performers in 2014

LONDON: Chinese and US’s stocks headed the list of 2014 top performers while markets elsewhere ended the year on Wednesday on a cautionary note as worries about Greece’s future served as an excuse to take profits. The US dollar lost a little of the recent gains that have made it the year’s star major currency, but European bonds yields scored all ... Read More »

Dollar gains 12%, remains on track in 2014

LONDON: The dollar was on way to end 2014 with expand of 12 percent against a basket of top currencies, and expected U.S. interest rate climbs may strengthen its appeal in the New Year. This year’s gain will be the dollar’s largest since 2005, when it climbed nearly 13 percent. The divergence between the U.S. Federal Reserve’s path toward rate ... Read More »

Indian rupee stronger 9 paisa to 63.29 against dollar in early trade

MUMBAI: The rupee strengthened 9 paisa to 63.29 against dollar in early trade at Interbank Foreign Exchange marker on selling of the American currency by exporters Dealers said gains in major global currencies against the US dollar overseas and firm equity markets also supported the rupee. The domestic unit had closed 29 paise higher at 63.38 yesterday following fresh dollar ... Read More »

Dollar tumbles under 120 yen in Tokyo on last market day of year

LONDON: The dollar quit early increases to dips under 120 yen in Tokyo trading late on Tuesday, the last market day of the year. At 5 pm, the dollar stood at ¥119.79-80, down from ¥120.32-32 at the same time on Monday. The euro was at $1.2162-2163, down from $1.2179-2180, and at ¥145.70-71, down from ¥146.56-57. The greenback hovered around ¥120.70 ... Read More »

Euro tumbles to 29 months low against dollar

TOKYO: The euro slipped to a 29-month weaker against the dollar on Tuesday as the declaration of a snap election in Greece threw the country into a new round of political crisis. The austerity-minded leading coalition in Greece failed on Monday to secure enough votes in parliament to elect a president, paving the way for an early general election next ... Read More »

Dollar rises vs yen, euro as markets slowly getting momentum after Christmas holidays

TOKYO: The dollar edged up against the yen on Friday in light bargain hunting following two sessions of losses, with some markets slowly getting into gear after the Christmas holiday. After a dip to 120.005 yen the dollar was up 0.1 percent at 120.170 yen, crawling back towards the week’s high of 120.800 hit on Tuesday. A break above that ... Read More »

Russian Ruble gains 0.5% to 52.3 against dollar, strengthenes 1% against euro

MOSCOW: The Russian ruble firmed marginally in early trading Friday as the disinclination of market players to pay high borrowing costs following the country’s latest rate climb caused a shortfall in the local currency. The ruble gained 0.5% to 52.3 against the dollar and strengthened 1% compared with the euro to 63.85, approaching levels last seen in early December. The ... Read More »