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 […]
Euro
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 […]
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 […]
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 […]
Brussels proposes 18-bn-euro Ukraine aid package
The European Commission on Wednesday released details of an 18-billion-euro ($18-billion) economic support package to get Ukraine through 2023, which it hopes will be approved by EU member states. Under the plan, the bloc would send Kyiv 1.5 billion euros per month in the form of 35-year loans, with interest payments covered by the European […]
Currency buying/selling rates – 30 September 2022
According to the Forex association following are the selling and buying rates of major currencies, here on Friday. Currency Selling Rate Buying rate US Dollar 227.5 225 UK Pound 248 245.5 Euro 220.5 218 Japanese Yen 1.25 1.2 Saudi Riyal 60.6 60 U.A.E Dirham 61.7 61
Rupee continues strengthening against dollar for 5th consecutive session
Rupee continues strengthening against the dollar for 5th consecutive session. The upward trend of the Pakistani rupee still continues against the US dollar as the local unit edges up by Rs1.12 in interbank trading on Thursday. As per the figures released by the money dealers, the dollar traded at Rs231 down by Rs1.12 in the interbank by […]
Serbia fumes over Croatia’s plan to put Tesla on euro coins
Croatia’s plan to put famous inventor Nikola Tesla on its euro coins has sparked criticism in Serbia, whose central bank said Monday it would take the issue to the EU. Tesla, an ethnic Serb born in present-day Croatia in 1856 when the country was part of the Austro-Hungarian empire, is a source of pride in […]
Racist abuse of England players is ‘unforgivable’, says Southgate
Gareth Southgate has condemned the “unforgivable” racist abuse aimed at the three England players who missed penalties in Sunday’s Euro 2020 final defeat against Italy. Marcus Rashford, Jadon Sancho and Bukayo Saka were the victims of sickening social media taunts in the aftermath of the 3-2 penalty shoot-out loss at Wembley. While some people identifying […]
UK PM condemns racial abuse of England football stars
British Prime Minister Boris Johnson on Monday said he was appalled at racial abuse targeting England’s football stars, after they lost the Euro 2020 final to Italy on a penalty shoot-out. Marcus Rashford, Jadon Sancho and Bukayo Saka, the three players who missed England’s penalties on Sunday, were the victims of a stream of abuse […]