The greenback charted new 24-year highs above 128 yen. The buck was 0.37% higher at 137.935 yen after reaching 138.015. It touched $0.9998 on Wednesday, its highest level since December.2002. The Bank of Canada surprised markets with a percentage-point rate hike. The greenback lost as much as 0.52% to 56 Philippine pesos. New Zealand dollar … Read more
This year the yen has slumped against the greenback and other major peers. The median forecast was for Japan’s currency to strengthen to 131 per dollar in six months’ time. Some market players have speculated the country could conduct a yen-buying intervention to arrest sharp falls in the currency. The Japanese yen will probably stay … Read more
KARACHI: The rupee fell to a record low of Rs178.04 against the dollar at the interbank foreign exchange market on Friday, dealers said. The demand for the dollars for import and corporate payments remained high during the day, they said. The exchange rate recorded a decline of six paisas against the greenback from the previous … Read more
KARACHI: The rupee recovered 48 paisas against the dollar on Tuesday, owing to inflows of foreign receipts, dealers said. The exchange rate ended at Rs157.74 against the greenback, compared with the previous day’s closing of Rs158.22 in the interbank foreign exchange market. The dealers said the market witnessed sufficient supply of the dollars during the … Read more
KARACHI: The rupee posted a decline of 60 paisas against the dollar on Monday, owing to the higher demand for the foreign payment on the first day of the week, dealers said. The exchange rate ended at Rs158.22 against the greenback from last Friday’s closing of Rs157.62 in the interbank foreign exchange market. The currency … Read more
KARACHI: The rupee gained 6 paisas against the dollar on Friday, amid demand for the foreign currency ahead of the weekly holidays, dealers said. The exchange rate ended at Rs157.62 against the greenback, compared with the last day’s closing of Rs157.68 in the interbank foreign exchange market. The dealers said the market witnessed demand for … Read more
Pakistani Rupee becomes The Best Performing Currency Against The U.S. Dollar In 2021. The Pakistani Rupee (PKR) has turned up as the world’s best-performing currency after it jumped by more than 4 percent against the US dollar from January to March this year. As per the reports, the PKR has improved by more than 4 … Read more
