Karachi: (Thursday, July 19, 2012) Pakistan’s total foreign exchange reserves, as per State Bank of Pakistan, stood at US $ 14,939.5 million on the week ending on July 13, 2012, said the sources at Bank here today. Out of these total forex reserves, those held by the central bank were $ 10,501.6 million, while […]
Jul 19 2012 | Posted in
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The Chinese weak economic data heavily influenced the International Forex Market. The Crude Oil turned upward after hitting a one-week low while Gold slumped down for a session in the Forex market. David Meger, who is the director of metals trading at Future Broker Vision Financial Markets said, “Gold does not seem to garner the […]
Oct 19 2011 | Posted in
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Euro posts the biggest weekly gain the market, Dollar finishes out worst weekly feat: Last week, Euro hatched the biggest weekly gain after the period of two years while Dollar ended off the worst weekly feat since March 2009. Last week, EUR/USD skipped down from 1.3389 to 1.3880 and then approached to 1.3895, which was […]
Oct 17 2011 | Posted in
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