Tag: low
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Euro drops to two-decade low against the US dollar
As the Federal Reserve implemented yet another aggressive interest rate hike in reaction to out-of-control inflation on Wednesday, the US dollar soared to a level that is almost 20 years higher against the euro. Only a few months after the euro was become the sole legal money of the 12 member states of the European…
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Pakistani rupee remains volatile as US dollar surpasses Rs211
On Monday, the Pakistani rupee dropped sharply to a record low of over Rs211 against the US dollar in the interbank market, indicating that the currency remains highly volatile. The rupee’s latest devaluation against the US dollar is the result of panic buying by traders in response to reports that some financial institutions were out…
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New report suggests chances of catching COVID-19 on a flight are low
A new report published in Bloomberg has said that the chances of catching coronavirus while flying are very low. Despite the known dangers of crowded, enclosed spaces, planes have not been identified as the spots of so-called superspreading events, at least so far. Arnold Barnett, a professor of management science at the Massachusetts Institute of…