Indian Rupee It has fallen more than 11 percent against the dollar in 2022 — its weakest performance since 2013 and the worst among Asian currencies — as the U.S. Federal Reserve’s aggressive monetary policy spurred the greenback back. Rupee in 2010 It closed 2022 at 82.61 to the U.S. dollar, down from 74.29 at … Read more
In the year July 18, 2022. Much to America’s dismay, President Joe Biden tries to stop and disembark in front of a crowd of fans, lightening the Trek FX 1 disc. The rest is defamatory. No one in the history of aviator sunglasses has ever looked as cool wearing them as Biden did that fateful … Read more
Last week’s shopping package Last week was supposed to be quiet, after the last major events for 2022 took place in the previous two weeks, with the US consumer inflation report and rate hikes from several central banks, which ultimately left markets uncertain. However, we were wrong as the volatility seems to continue until the … Read more
S&P Global Ratings has downgraded Pakistan’s long-term sovereign credit rating to ‘CCC+’ from ‘B-‘. Pakistan, whose foreign exchange reserves are already below $7 billion, will continue to under pressure in the coming year, S&P said in a statement. Increasing instability due to the current political and security situation has exacerbated Islamabad’s problems. Currently, Pakistan’s foreign … Read more
Post Views: 0 Before we go deeper, let’s draw you to some of the basic concerns in the Forex market. Investors can gain (or suffer losses) from currency appreciation or depreciation by trading foreign currencies, or “Forex”. For example, an investor who buys EUR/USD is considered to be forecasting(s) that the value of the … Read more
Technological advances have become commonplace in the twenty-first century, and digital innovation is bringing new ways to use systems and data communication for stock markets. In this fast-paced environment, real-time data access is the only way to maintain an edge in the markets and reap the benefits of your trades and investments. However, manually analyzing … Read more
EUR/USD price, analysis and charts The US dollar is on the back foot after Tuesday’s weaker-than-expected inflation rate. Comments from Fed Chair Powell and ECB President Lagarde will be key. Recommended by Nick Cawley How to trade EUR/USD The latest U.S. inflation report showed inflation easing in November; Falling oil prices will help reduce the … Read more
The Central Bank of Pakistan has recently imposed foreign exchange restrictions to protect the country’s dwindling reserves. This is in light of recent reports of the emergence of a black market for dollars. Pakistan’s foreign reserves have reportedly fallen to a four-year low of $6.7 billion. According to Bloomberg, on the surface, this hasn’t affected … Read more
(All updates, refresh prices) by Amanda Cooper LONDON, Dec 8 (Reuters) – The dollar rallied on Thursday, supported by higher pressure on U.S. Treasury yields as investors gauged the outlook for Federal Reserve policy as higher interest rates could lead to a decline. Next week will bring major central bank decisions, including those from the … Read more
Pakistan’s stock exchanges started the week on the back of uncertainty over the country’s foreign exchange reserves amid uncertainty over when the ninth review of the International Monetary Fund (IMF) would be completed. Pakistan’s foreign exchange reserves It stood at a historic low of $7.5 billion for the week ending Nov. 25 — enough to … Read more