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12th February, 2013
SBP imposes max spread limit between buying, selling rates
Maximum spread allowed between buying and selling rates of foreign currencies must not exceed 25 paisas at any given time, said an SBP statement.
Maximum spread allowed between buying and selling rates of foreign currencies must not exceed 25 paisas at any given time, said an SBP statement.
14th August, 2012
Dollar gains on US economic data, yen slumps broadly
The dollar jumped against the Japanese yen on Tuesday as investors pared back expectations of further monetary easing by the Federal Reserve.
The dollar jumped against the Japanese yen on Tuesday as investors pared back expectations of further monetary easing by the Federal Reserve.
6th August, 2012
Euro rises vs dollar in choppy trading
The euro rose against the dollar for a second straight session on Monday in thin trading, boosted by optimism about a European Central Bank intervention.
The euro rose against the dollar for a second straight session on Monday in thin trading, boosted by optimism about a European Central Bank intervention.
25th July, 2012
$1.12bn payment expected from US this week
Declining reserves are getting a temporary relief with an expected transfer of $1.12 billion as part payment for services provided to coalition forces.
Declining reserves are getting a temporary relief with an expected transfer of $1.12 billion as part payment for services provided to coalition forces.
24th July, 2012
Euro steadies after China PMI data, Aussie rises
The euro steadied against the yen and the dollar, as investors' risk appetite perked up after improvement in China's manufacturing output.
The euro steadied against the yen and the dollar, as investors' risk appetite perked up after improvement in China's manufacturing output.
16th July, 2012
Euro falls vs dollar, focus turns to Bernanke
The euro eased against the dollar on Monday on concerns about euro zone debt and high peripheral bond yields.
The euro eased against the dollar on Monday on concerns about euro zone debt and high peripheral bond yields.
12th July, 2012
Dollar erases rise vs yen after BOJ policy tweak
The dollar enjoyed a short-lived rise against the yen on Thursday after the Bank of Japan made a technical change to its asset buying programme.
The dollar enjoyed a short-lived rise against the yen on Thursday after the Bank of Japan made a technical change to its asset buying programme.
5th July, 2012
Euro on defensive as ECB easing decision awaited
The euro wallowed near one-week lows, with trading subdued in the wake of a US holiday and ahead of an expected ECB rate cut.
The euro wallowed near one-week lows, with trading subdued in the wake of a US holiday and ahead of an expected ECB rate cut.
2nd July, 2012
Euro rally on EU summit fizzles in Asia
The euro's rally fizzled in Asian trade, after the beleaguered unit surged last week on a surprise deal by European Union leaders to help stem the continent's debt crisis.
The euro's rally fizzled in Asian trade, after the beleaguered unit surged last week on a surprise deal by European Union leaders to help stem the continent's debt crisis.
27th June, 2012
Euro edges up, but summit expected to disappoint
The euro inched higher after hitting a two-week low the previous day, but gains were capped by scepticism over effectiveness of the upcoming European summit.
The euro inched higher after hitting a two-week low the previous day, but gains were capped by scepticism over effectiveness of the upcoming European summit.
22nd June, 2012
Dollar gains on yen in Asian trade
The dollar reversed early losses against the yen in Asia on Friday despite Moody's downgrade of 15 of the world's biggest financial firms.
The dollar reversed early losses against the yen in Asia on Friday despite Moody's downgrade of 15 of the world's biggest financial firms.
21st June, 2012
Dollar resilient after Fed largesse, euro dips
The dollar held above a one-month low against major currencies, even after the Federal Reserve went for another round of monetary stimulus.
The dollar held above a one-month low against major currencies, even after the Federal Reserve went for another round of monetary stimulus.
20th June, 2012
Euro weaker in Asia as Europe fear weighs
The euro weakened as eurozone fears continued to weigh, while traders looked to a US Federal Reserve policy meeting for signs of further stimulus.
The euro weakened as eurozone fears continued to weigh, while traders looked to a US Federal Reserve policy meeting for signs of further stimulus.
19th June, 2012
Euro strengthens in Asian trade
The euro moved higher in Asian trade, but gains were limited after Spain's borrowing costs hit a record high and optimism over Greek elections faded.
The euro moved higher in Asian trade, but gains were limited after Spain's borrowing costs hit a record high and optimism over Greek elections faded.
18th June, 2012
Euro falls, Spanish woes overshadow Greek poll
The euro fell from a one-month high against the dollar on Monday with the election win for pro-bailout parties in Greece overshadowed by higher Spanish bond yields.
The euro fell from a one-month high against the dollar on Monday with the election win for pro-bailout parties in Greece overshadowed by higher Spanish bond yields.
15th June, 2012
Dollar, euro dip against yen in Asian trade
The dollar and euro weakened against the yen in Asian trade on Friday amid growing fears over weekend elections in Greece.
The dollar and euro weakened against the yen in Asian trade on Friday amid growing fears over weekend elections in Greece.
14th June, 2012
Euro capped ahead of Italian bond auction
The euro was capped in Asia after two days of gains on short covering as market players looked to Italy's bond auction later in the day.
The euro was capped in Asia after two days of gains on short covering as market players looked to Italy's bond auction later in the day.
12th June, 2012
Euro weak in Asian trade on Spain bank deal doubts
The euro was weak in Asian trade Tuesday as optimism fizzled over a eurozone deal to save Spain's troubled banks.
The euro was weak in Asian trade Tuesday as optimism fizzled over a eurozone deal to save Spain's troubled banks.
11th June, 2012
Euro jumps above $1.26 on Spain bank relief
The euro was poised for its biggest daily rally against the dollar in almost eight months, after Spain secured help for its debt-stricken banks.
The euro was poised for its biggest daily rally against the dollar in almost eight months, after Spain secured help for its debt-stricken banks.
7th June, 2012
Euro firm on policy hopes, Aussie jumps after jobs surprise
Traders had to wind back their bets against the euro on expectations of policy action.
Traders had to wind back their bets against the euro on expectations of policy action.
