All Entries Tagged With: "fx"

Lower US dollar and strong Swiss franc

The US dollar is lower but Swiss franc is strong in light post-Christmas trade Tuesday. Dollar is weak because there is not much happening – lack of fresh positive U.S. economic data, a factor that has been a major driver of recent dollar strength. Traders are trimming some of their recent bets ahead of year-end.

On the other hand the Swiss franc is strong today against its

Pakistan Stops Financing Crude Oil Imports

As of yesterday State Bank of Pakistan will not sell foreign exchange to banks for financing the crude oil imports. SBP had given banks a full working week to get prepared for securing funding from the international market.