EUR/PKR Exchange rate
Editors’ Picks
EUR/USD clings to recovery gains above 1.0500 ahead of ECB policy announcements
EUR/USD holds the rebound above 1.0500 in the European session on Thursday amid a broad US Dollar retreat. However, the upside appears capped amid expectations for more ECB rate cuts in 2025. ECB policy announcements and Lagarde's press conference are on tap.
GBP/USD pulls back to 1.2750 as markets turn cautious
GBP/USD is pulling back to near 1.2750 in the European session on Thursday as traders turn cautious. The pair reverses earlier gains even as the US Dollar corrects downwards. The focus remains on the US PPI and Jobless Claims data.
Gold price sits near one-month high on Fed rate cut optimism and softer USD
Gold price seems to have stabilized following good two-way price swings and trades around the $2,720 area during the early European session, just below the highest level in more than a month touched earlier this Thursday.
European Central Bank set to cut interest rates again amid slow economic growth
The European Central Bank is expected to cut benchmark interest rates by 25 bps at the December policy meeting. ECB President Christine Lagarde’s presser will be closely scrutinized for fresh policy cues.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.