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Bullish Fed hurts Asia FX; Singapore dollar rebounds SEOUL: Most emerging Asian currencies fell on Thursday as the US Federal Reserve appeared on track to raise interest rates this year while there are risks that regional central banks instead may ease monetary policies.The Malaysian ringgit hit a near six-year low as an overnight slide in oil prices highlighted concerns that slumping crude will hurt the country's current account surplus and increase its fiscal deficit.South Korea's won touched a near four-week low as offshore funds sold it, while Taiwan's dollar slid on short-covering in the US dollar.The Singapore dollar, however, rebounded on caution over potential intervention by the central bank to support it. Still, its outlook stayed pessimistic after Wednesday's unexpected monetary policy easing.The Fed said on Wednesday the US economy was expanding "at a solid pace" with strong job gains, signalling that the central bank remains on track with its plans to hike borrowing costs in 2015."With the ...


South Africa's rand slips to week low ahead of rate decision JOHANNESBURG: South Africa's rand fell to its weakest in a week early on Thursday as the dollar gained after the U.S. Federal Reserve's latest policy statement indicated it was still on track to raise interest rates this year.At 0628 GMT the rand had slipped 0.28 percent to 11.6100 per dollar from an overnight close of 11.5775, cooling after a rally that saw it gain more than half a percent.The upbeat tone of the much-anticipated Fed ...

Russian rouble weakens as EU sanctions threat sours sentiment MOSCOW: Russia's rouble slid in early trade on Thursday, extending losses from earlier in the week as falling oil prices and the threat of new European Union sanctions over the Ukraine crisis soured sentiment.At 0735 GMT, the rouble was around 0.8 percent weaker against the dollar at 68.58 and 0.6 percent lower at 77.38 against the euro.Stocks were mixed, with the dollar-based RTS index down 1 percent to 758 points and the rouble-denominated MICEX up ...

Nigerian naira falls sharply against dollar LAGOS: Nigerian naira fell sharply against the dollar, shortly after the forex market opened on Thursday, a day after the interbank market soaked up a large dollar sale by the state-oil company.The unit opened at 189.30 naira to the dollar and quickly fell 1.56 percent to 192.30 by 0841 GMT. The naira closed at 186 on Wednesday.State-oil company NNPC on Wednesday sold around $350 million to some lenders, boosting interbank market dollar liquidity.Copyright Reuters, 2015 ...

Dollar firm post-Fed, franc eyed for intervention LONDON: The US dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which, with some caveats, was read as keeping the bank on track to raise interest rates later this year.There were hints from the Fed of concern about both the headwinds facing other major economies and an undershoot in inflation that might stay its hand somewhat longer than the mid-2015 timeline previously forecast by ...

Sterling slips against buoyant Fed-boosted dollar LONDON: Sterling fell against the dollar on Thursday as interest rate differentials moved in favour of the greenback after the Federal Reserve gave an upbeat assessment of the U.S. economy.The gap between rate-sensitive two-year Treasury yields and British gilts widened, reflecting a view that the Bank of England is likely to keep rates lower until well into 2016 and the Fed could become the first major central bank to lift interest rates later this year.Sterling ...

Turkey's lira weakens to record low on rate cut expectations ISTANBUL: The Turkish lira tumbled to a new record low against the dollar on Thursday on expectations that the Central Bank will cut interest rates at an extraordinary monetary policy committee meeting as early as next Wednesday.The Federal Reserve's upbeat view on the U.S. economy and signal that it was on track to raise interest rates this year also hit the lira, which slipped as far as 2.4145 from 2.3780 late on Wednesday and a ...


 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln