EIU sees no immediate relief to forex position | Business | thenews.com.pk

EIU sees no immediate relief to forex position KARACHI: Economist Intelligence Unit (EIU) sees no respite to foreign exchange reserves position or from runaway inflation in the near future for Pakistan’s economy despite imports-curbing steps taken by the new government to reduce trade deficit. “We expect pressure on the currency and the inflationary trend to continue during the remaining months of 2018, and for the SBP (State Bank of Pakistan) to maintain its tight monetary policy stance,” EIU, an advisory…

0
Read More

J$134.02 to one US dollar

KINGSTON, Jamaica — The US dollar on Thursday, October 4 ended trading at J$134.02 down by 22 cents according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$104.29 down from J$105.04 while the British pound ended trading at $175.80 up from J$173.84. (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “http://connect.facebook.net/en_US/all.js#xfbml=1&appId=414489941900627”; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’)); http://connect.facebook.net/en_US/all.js#appId=183583451703473&xfbml=1 Source link

0
Read More

Naira appreciates against dollar at investors’ window – Business

news The Naira on Thursday appreciated marginally against the dollar at the Investors’ Window (I & E), exchanging at N363. 57, stronger than N363.94 posted on Wednesday. The daily market turnover stood at 392.9 million dollars. The Nigerian currency closed at N306.40 to the dollar at the official CBN window. At the parallel market, the Naira closed at N359 to the dollar, while the Pound Sterling and the Euro closed at N478.30 and N420. Trading at the Bureau De Change(BDC)…

0
Read More

Asia markets down as oil up, Business, Phnom Penh Post

Tokyo up 0.1 per cent after the Nikkei saw its highest close in 27 years with the yen at its weakest since November. Martin BUREAU/afp Oil prices built on gains Tuesday after another blistering rally but most markets were in retreat as traders brushed off a positive lead from Wall Street and the US-Mexico-Canada trade deal. Crude has motored in recent weeks on concerns about supplies after sanctions are imposed on Iran next month, while OPEC’s decision not to ramp…

0
Read More

Foreign exchange: SBP reserves drop to critical level of $8.4b

Decrease 6.95% due to payments on account of external debt servicing. PHOTO: FILE KARACHI: The foreign exchange reserves held by the central bank continued to spiral downwards for the sixth successive week as they plummeted 6.95% on a weekly basis, according to data released on Thursday. The continued drop in the reserves raises concerns about Pakistan’s ability to meet its financing requirements as the reserves have fallen even below the $8.5-billion level. Talks with the International Monetary Fund had been going…

0
Read More

GLOBAL MARKETS-Dollar and global bonds track surge in Treasury yields, stocks sag – Macroeconomic News

* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh By Ritvik Carvalho LONDON, Oct 4 (Reuters) – A rise in U.S. Treasury yields to their highest levels since mid-2011 pulled global bond yields higher across the board and boosted the dollar on Thursday, while stocks sagged in response. An influential survey of the U.S. services sector showed activity at its strongest since August 1997, sparking speculation that the payrolls report on Friday could also surprise. Comments from Federal Reserve Chairman Jerome…

0
Read More

Argentine Peso strengthens for third day running supported by high interest rate for short term debt — MercoPress

Argentine Peso strengthens for third day running supported by high interest rate for short term debt Thursday, October 4th 2018 – 08:24 UTC The Argentine peso closed 1.22% stronger at 37.69 per U.S. dollar on Wednesday, bringing this week’s gains to 9.58%. Meanwhile the stock exchange index, Merval, slid 1.6% and the JP Morgan country risk was down 1% to 626 points. Argentina’s peso rallied for a third straight day on Wednesday, after high-interest short-term debt issued by the central…

0
Read More

Dollar Lifted by Positive Private Sectors Jobs Data, Yen Falls By Investing.com

© Reuters. The U.S. dollar rose while the Japanese yen fell on Thursday Investing.com – The U.S. dollar rose while the Japanese yen fell on Thursday following a positive private sectors job data. The , which tracks the greenback against a basket of other currencies, last traded at 95.76 at 1:00AM ET (05:00 GMT), up 0.09%. The ADP and Moody’s Analytics revealed on Thursday that U.S. services and private payrolls increased by 230,000 in September. Economists had expected the ADP…

0
Read More

Man caught by customs for smuggling forex worth Rs 24 lakh at Delhi airport | Delhi News

NEW DELHI: A man was arrested by customs officials for allegedly trying to smuggle out foreign currencies worth Rs 24 lakh at Delhi airport, according to an official statement issued on Wednesday. The accused was intercepted when he was about to travel to Dubai on Monday. A detailed personal and baggage search resulted in recovery of foreign currencies, including US Dollars and Riyals, equivalent to Rs 24.17 lakh, the statement issued by the customs said. The passenger was arrested and…

0
Read More

Naira gains slightly against dollar in I&E Forex Window

Naira gains slightly against dollar in I&E Forex Window The Naira appreciated marginally by 0.03 per cent against the dollar to exchange $/ N363.78 on Wednesday, compared to $/ N363.88 the prior day. A total of $392.90 million was traded in 401 deals at I&E FX window, with rates ranging between $/N358.00 – $/N365.00. At the parallel market, the cash rate appreciated by 30k […] CBN dispels fears over declining reserves …

0
Read More

CBN Boosts Market with $210

ABUJA – The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Wednesday, October 3, 2018, indicate that authorized dealers in the wholesale segment of the market were offered the sum of $100million, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. Similarly, customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance…

0
Read More

Dollar gains after data bolsters growth view, Italy weighs on euro

NEW YORK (Reuters) – The U.S. dollar gained on Wednesday as data supported the view that the U.S. economy is in strong shape and as concerns about Italy’s budget negotiations continued to weigh on the euro. FILE PHOTO: U.S. Dollar and Euro notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration U.S. services sector activity raced to a 21-year high in September and companies boosted hiring, signs of enduring strength in the economy at the end of…

0
Read More

Attend FXCM South Africa’s Free Full Day Bitcoin and Forex Open House Trading Conference – FOREX Trading News Today

Attend FXCM South Africa’s Free Full Day Bitcoin and Forex Open House Trading Conference – FOREX Trading News Today – EIN News Trusted News Since 1995 A service for FOREX trading professionals · Wednesday, October 3, 2018 · 463,880,030 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

0
Read More

Iran Economists Warn About Forex Policy Leading to ‘Catastrophe’

10/03/18 Iran Economists Warn About Forex Policy Leading to ‘Catastrophe’ Source: Radio Farda Despite reports that the value of the Iranian rial is rising, fifty Iranian economists have called on the government to shut down “the secondary forex market,” an arrangement the economists say has “pushed millions of Iranians below the poverty line.” “For a feast full of dollars”Iranian daily Kaenat coverage of corruption due to currency policies In a letter to the heads of the three branches of the…

0
Read More

LIVE MARKETS-Afternoon snapshot: STOXX at highs, FTSE too – Finance News

* European shares rise on Italy relief * Euro rebounds from six-week lows * DAX closed for a holiday * Wall Street to open higher Oct 3 – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net AFTERNOON SNAPSHOT: STOXX AT HIGHS, FTSE TOO (1325 GMT) It’s plain sailing so far today on…

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Latest. Articles
Social Links