SINGAPORE – The Japanese yen strengthened on Wednesday after reports suggested the Bank of Japan (BOJ) is preparing markets for a possible interest rate hike as early as next month. Meanwhile, the New Zealand dollar surged following hawkish signals from the Reserve Bank of New Zealand. Read More: Dollar rises as yen faces intervention According to sources familiar with […]
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Dollar steadies as hopes of US government reopening ease growth concerns
SINGAPORE – The U.S. dollar held steady in early Asian trading on Monday, supported by signs that Congress may be moving closer to a deal to reopen the federal government, even as weak economic data revived global growth concerns. The dollar index, which measures the greenback against six major currencies, rose 0.2% to 99.740, ending […]
Dollar retreats as investors bet on Fed rate cut
SINGAPORE: The U.S. dollar weakened in early Asian trading on Friday, reversing gains made earlier this month as investors turned cautious amid a lack of official U.S. labor market data. The dollar index, which tracks the greenback against six major currencies, fell 0.5% to 99.674. With the U.S. government shutdown delaying the release of the […]
Dollar climbs to near three-month high
SINGAPORE – The U.S. dollar strengthened to a near three-month high on Monday as investors awaited key economic data releases this week to assess the health of the U.S. economy and the Federal Reserve’s next move on interest rates. The yen remained under pressure, hovering near an eight-and-a-half-month low, weighed down by a wide interest […]
US dollar steady ahead of inflation data
SINGAPORE – The US dollar held firm on Friday, heading for a modest weekly gain as investors awaited delayed US inflation data and anticipated that the Federal Reserve would proceed with an interest rate cut next week. The dollar index stood at 98.92, on track for a 0.37% weekly rise, while the euro and sterling […]
UAE Dirham Slightly Drops to 76.53 PKR, Benefits Pakistani Expats
ISLAMABAD – The UAE Dirham (AED) fell slightly to 76.53 PKR on October 16, 2025, down 0.02 PKR from yesterday’s 76.55 PKR, according to financial sources. The Dirham’s value is tied to the US Dollar at 3.6725 AED per USD, while the Pakistani Rupee (PKR) floats freely, influenced by trade, foreign reserves, inflation, and market […]
Dollar Weakens as U.S. Economic Worries and Trade Tensions Boost Yen and Euro
TOKYO – The U.S. dollar weakened on Friday as concerns about the economy and global trade tensions encouraged expectations of more interest rate cuts by the Federal Reserve. The dollar index, which tracks the greenback against a basket of currencies, was little changed at 98.23, but is set for its biggest weekly drop in almost […]
Asian Stocks Slide as US-China Trade Tensions Flare
SYDNEY– Asian stocks dropped sharply on Monday as fears of a renewed US-China trade war unsettled investors already wary of stretched market valuations. However, Wall Street futures pointed to a recovery as risk appetite began to stabilize. US President Donald Trump’s threat of 100% tariffs on Chinese goods rattled global sentiment, though he later struck […]
Kuwaiti Dinar Falls to Rs.917.13
KUWAIT CITY — In a significant forex development, the Kuwaiti Dinar (KWD) has depreciated against the Pakistani Rupee (PKR), trading at Rs.917.13 in the open market this week — its lowest level since June. This marks a steady decline from Rs.919.70 on October 4, Rs.920.75 on September 27, and a broader downtrend from the summer […]
Yen Set for Steepest Weekly Drop in a Year as Rate Hike Hopes Fade
SINGAPORE – The Japanese yen steadied on Friday but was on track for its steepest weekly drop in a year, as fading hopes for a near-term rate hike weighed on the currency. Meanwhile, the euro hovered near two-month lows amid France’s deepening political crisis, boosting the U.S. dollar to a one-year high. The yen inched […]