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
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
New Delhi and Mint Street have said India’s external environment remains healthy despite a decade-high inflation in recent months. But as the dollar strengthened and the trade deficit widened, the Reserve Bank of India moved quickly to defend the rupee. The dwindling foreign exchange reserves may leave India’s external situation in dire straits. India’s foreign … Read more
The Central Bank of Peru raised interest rates to 6.75% * China’s inflation in August reduced demand for Covid-19 * European Union members to debate on Russian gas prices Sept 9 (Reuters) – As the dollar pulled back from recent highs on Friday, emerging market currencies strengthened, led by Chinese shares higher as stocks showed … Read more
Singapore, Aug 1, 2010 (FBC) – Asia’s foreign exchange reserves posted their biggest six-month decline in years, signaling policymakers’ determination to protect currencies from persistent downward pressure from a stronger US dollar. In the first half of 2022, total reserves fell by $372 billion, or 6.2 percent. In the six months to January 2016, it … Read more
Last week Market Pack Adverse events in the financial markets are more likely to accumulate last week, which has had a negative impact on risky assets such as stock markets and cryptocurrencies. The UK economy contracted for the second month in April, weighing heavily against the GBP. Retail sales and the Empire State Manufacturing Index … 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