Welcome to PakSearch.com Pakistan's Premier Business Information
Service


For business information, annual reports, laws, ordinances, regulations and articles.




Google
 
Web Paksearch.com

950807

$ buoyes in thin trade

NEW YORK: Growing speculation about cuts in German interest rates helped lift the dollar in a relatively thin U.S. midday market.

At midday, the dollar climbed to 1.4063/68 marks from 1.4015/20 marks at the open and late Friday's 1.3967/77 marks. It edged up to 91.39/44 yen from the opening at 91.12/22 yen but it was lower from and 91.35/35 yen late Friday.

The dollar's rise gained momentum this morning as it pushed through resistance at 1.4030 marks, triggering waves of stop-loss buying.

Dollar/mark was also underpinned as some players took profits from the recent runup in mark/yen.

The dollar stood at 1.1651/54 Swiss frnacs at midday, up from the opening at 1.1585/95 Swiss. It rose to Canadian $1.3567/72 from C$1.3537/42.-Reuter

Google
 
Web Paksearch.com




Home | About Us | Contact | Information Resources