Archive for the August 28, 2019
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The Japanese yen rose and 10-year Treasury yields fell on Tuesday as investors fled to safer assets amid worries the US-China trade conflict would get worse, days after both sides announced new tariffs. On Friday,
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The dollar fell modestly against the Japanese yen on Tuesday, suggesting investors were skeptical of the optimism expressed by President Donald Trump on the possibility of a US-Chinese trade deal days after the two countries
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The US dollar strengthened on Monday, recovering from overnight losses after the United States and China sought to ease trade war tensions. President Donald Trump, on the sidelines of the G7 summit of world leaders
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The Australian and New Zealand dollars on Tuesday were recovering from a bad case of whiplash as the market mood on the Sino-US trade dispute swung between hope and despair, and back again. The Aussie
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The Turkish lira weakened around 0.5% against the dollar on Tuesday to its weakest level since June 19 as concerns persisted over the impact of a Sino-US trade war and tensions in Syria's northwest. The
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Most emerging Asian currencies came under pressure on Tuesday, with the yuan hitting a fresh 11-11/2 year low as anxiety over the recent escalation in the Sino-US trade war persisted. Some currencies strengthened, led by
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The British pound rose on Tuesday as opposition parties vowed to try and pass a law to prevent a no-deal Brexit at the end of October, encouraging traders to buy sterling even though most fear
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China's steel and iron ore futures slumped on Monday, with rebar prices hitting their lowest in more than six months, mirroring the gloomy mood in global financial markets due to a further escalation in the
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On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,934. The traded value of Metals, Energy and COTS/FX was recorded at PKR 11.485 billion and the numbers of lots traded were 13,008.
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Export prices for Russian wheat fell last week due to a decline in Chicago grain futures, a global benchmark for the market, and stiff competition with other producers, analysts said on Monday. Black Sea prices
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