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Copper rebounds off 3-1/2 month low, demand in focus LONDON: Copper prices rebounded slightly from 3-1/2 month lows on Wednesday, but remained vulnerable to a strong dollar and concerns about lacklustre demand from top consumer China as the its property sector cools.Benchmark copper on the London Metal Exchange (LME) traded at $6,712 a tonne in official rings, up 0.7 percent, having earlier fallen to its lowest level since June 13 at $6,637 in intraday trade.Offering some relief to metals prices, the euro recouped some early losses against the dollar, but remained near a two-year low as expectations gathered pace that U.S. data would point to economic growth and encourage the Federal Reserve to tighten monetary policy.A strong dollar makes commodities priced in the U.S. unit more expensive for holders of other currencies.Better-than-expected U.S. manufacturing data, due later in the session, could improve prospects of an early rate hike by the Fed. Key non-farm payrolls labour market data is due ...

Copper slides towards biggest monthly fall since March LONDON: Copper was on track for its biggest monthly loss since March on Tuesday, weighed down by a strong dollar, renewed signs of rising global supply and concerns about slack demand from China.The dollar hit a two-year high against the euro after euro zone inflation slowed to 0.3 percent in September, further into the European Central Bank's "danger zone" of below 1 percent.A strong dollar makes dollar-priced metals costlier for non-US investors.Three-month copper on the ...
Copper slips after dollar rally, weak Chinese data LONDON: Copper slipped on Tuesday, on track for its steepest monthly loss since March, weighed down by a strong dollar and renewed signs of rising global supply and slack demand from China, where a factory survey was revised down slightly.The dollar reached a two-year high against the euro after euro zone annual inflation came in at just 0.3 percent in September, within the European Central Bank's "danger zone" of below 1 percent.A strong dollar makes ...
Gold set for first quarterly loss this year on dollar strength LONDON: Gold fell on Tuesday, as the dollar and European stocks climbed, with the metal set to post its sharpest monthly loss since June 2013 and the first quarterly loss this year on expectations of further gains in the U.S. currency.Gold is down about 5.5 percent for the month and not far from a nine-month low of $1,206.85 hit last week. It was headed for a quarterly drop of nine percent.Spot gold was down 0.5 ...
Gold edges down as strong dollar outweighs weak stocks LONDON: Gold fell on Monday as downward pressure from a strong dollar outweighed support from unrest in Hong Kong, which hit global shares and led to some demand for the metal. Spot gold was down 0.2 percent to $1,217.10 an ounce by 1422 GMT, while US gold futures gained $2.30 to $1,217.60 an ounce. Cash prices had reached a nine-month low of $1,206.85 on Thursday, before recovering slightly. The dollar was unchanged against a basket ...
Copper steadies along with dollar, nickel slides LONDON: Copper prices steadied on Monday, after earlier touching their lowest level in almost three months, as the dollar pulled back from an earlier four-year high against a basket of currencies. Nickel slid as inventories piled up to another record high. Benchmark copper on the London Metal Exchange (LME) was up 0.35 percent at $6,740 by 1449 GMT after falling to a session low of $6,666 a tonne, its weakest since June 16. The dollar ...
Russia's wheat prices fall, pressured by global market MOSCOW: Russian wheat export prices fell last week and are expected to continue declining this week as local traders seek to stay competitive with the low prices of major global rivals, analysts said on Monday. Russia, one of the world's largest wheat exporters, has been less competitive in its traditional export markets in recent weeks due to strong domestic demand. Its prices have been relatively high despite a near record harvest and weakening of the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln