SINGAPORE — The U.S. dollar is on track for its strongest weekly performance in over a month as investors bet the Federal Reserve is unlikely to cut rates next month, following a mixed U.S. jobs report. The delayed September nonfarm payrolls showed employment growth accelerated, but the unemployment rate climbed to 4.4%, the highest in […]
Interest Rates
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 […]
Pakistan’s public debt rises by Rs9.3 trillion in FY2025
Pakistan’s total public debt rose sharply in the fiscal year 2025. The Finance Ministry reported an increase of Rs9.3 trillion. Debt as a percentage of GDP climbed to 74.5 percent, up from 70.9 percent the previous year. The rise reflects higher domestic borrowing and currency depreciation. The ministry said the main reasons include a weaker […]
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 […]
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 […]