Yesterday’s shopping package The market’s focus shifted to Jerome Powell after the US dollar weakened following the ISM service cut last Friday, although he did not touch on monetary policy and rate hikes. Traders took that as a reassuring sign that the US dollar continued to decline on Tuesday, while risk assets continued their bullish … 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
decrease in India’s foreign exchange reserves According to Union Finance Minister Nirmala Sitharaman, it is mainly due to fluctuations in the value of the US dollar. He said this while addressing the International Monetary Fund Committee at the annual meeting of the World Bank and the International Monetary Fund (IMF) last Friday. “India’s foreign exchange … Read more
Markets Market- Gold from $ 3 to $ 1844 U.S. 10-year production fell from 7 bps to 2.79% WTI crude oil rose from $ 95-cent to $ 110.83. S&P 500 up 0.1% Nasdaq -0.3% NZD leads, Euro delayed. The S&P 500 weekly fall was the seventh in a row, the longest since 2001. The most … Read more