The U.S. dollar fell against most major currencies on Tuesday after the yen rebounded from a sell off stemming from the Bank of Japan’s launch of its large stimulus program. Rising equities prices in the U.S. enticed investors out of the safety of the greenback as well. Gold futures were...Read more
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Concrete trading foundation was laid down by cement makers; Karachi Stock Exchange (KSE) built a rally to consolidate yet another all-time high on Tuesday. Earlier this week the index surged upward by energy scripts. With improvement in the political situation, investor confidence increased in stocks of oil, cement and fertilizer...Read more
The U.S. dollar traded largely higher against most major currencies in a risk-off trading session on Monday after data released earlier revealed that European unemployment rates hit a record high in February, which sent investors chasing safe-haven dollar positions. Gold prices dropped in U.S. trading on Tuesday as investors sold...Read more
Concerns about political uncertainties are shading up as new caretaker government assemblies are taking oath and all the parties are moving their campaigns for the upcoming elections. The market is taking an optimistic view and playing accordingly as mentioned earlier, but its vulnerability is likely to continue for few weeks...Read more
The dollar was steady against the other major currencies in quiet trade on Friday with many markets closed for the Easter holidays, as better-than-forecast U.S. data supported the greenback. Gold prices turned lower on Thursday with markets remaining calm as banks reopened in Cyprus, following a two-week closure, dampening the...Read more
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