'The banks are mainly responsible for the fall in dollar prices
since Friday was the closing day for them and they review their foreign currency holdings with US dollar that impacts their profits,' explained a banker.
Lahore -- Lahore Chamber of Commerce and Industry(LCCI) has sought a clear policy statement from the government on dollar prices
as single-day heavy increase would ruin the trade and economic activities besides jacking up inflation to unmanageable level.
stable at major Egyptian banks CAIRO - 20 December 2018: The exchange rate of the US dollar was relatively stable during morning transactions on Thursday at major banks.
ISLAMABAD -- Minister of State for Finance Rana Mohammad Afzal Khan said that they cannot stop increment of dollar prices
as compared to rupee as market forces fixed the value.
Similarly, in the open market, dollar prices
decreased from Rs.107 to Rs.106.20 this week.
Although there have been some modest downgrades to estimates for this year's Black Sea harvests, following cold weather threats to autumn-planted crops, and US sowings have fallen to the lowest in more than a century it remain unlikely that dollar prices
[of wheat] will rise significantly this year.
He added that banks raised US dollar prices
to entice dollar holders to sell to the official market instead of resorting to the unofficial one, as well as attracting dollar liquidity to cover the obligations and needs of their clients.
Using comprehensive, shipment-level merchandise trade data, we examine the extent to which New Zealand exporters maintain stable New Zealand dollar prices
by passing on exchange rate changes to foreign customers.
BAGHDAD/ Aswat al-Iraq: Parliamentary Economy and Investment Commission MP Aziz al-Mayahi today called on the Central Bank of Iraq (CBI) to make real efforts to limit the unbelievable rise in the dollar prices
in comparison to the Iraqi dinar, according to a statement by his office.
Hence, as dollar prices
fluctuate, the cost of doing business fluctuates proportionately.
The other--the dominant--explanation for a declining rate of pass-through contends that in an environment of low and stable inflation, foreign firms are more reluctant to pass through exchange-rate changes into dollar prices
. International trading firms, despite having some pricing power, often face a cost to changing prices, in large part because price changes encourage customers to look elsewhere.
This allows us to acquire select deals which we feel can be enhanced by our value-added experience and hedge the pricing by selling some of our existing portfolio for current top dollar prices