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Australia & NZ dollars skid on oil slide, bonds in demand SYDNEY/WELLINGTON: The Australian and New Zealand dollars were heading for a second week of losses on Friday, weighed by a drop in oil prices, while bonds were in demand as a muted outlook for inflation globally pushed yields to 18-month lows. The Australian dollar slipped to $0.8507, from $0.8552 in early trade, pulling closer to a four-year trough of $0.8480 touched Wednesday. It has shed one cent and a half this week, putting it on track to end the month more than 3 percent lower. Not helping the Aussie was weaker local equities with the energy sector hard hit. The Aussie was nursing hefty losses against the euro and pound which both gained more than 2 percent this week. The New Zealand dollar was subdued at $0.7842, from an overnight high of $0.7927, and on track for a 0.4 percent weekly loss. For the month, though, the kiwi was up ...


Ringgit near 5 year low as oil tumbles; Asia FX down in Nov SINGAPORE: Malaysia's ringgit fell to a near five-year low on Friday as oil prices tumbled, while emerging Asian currencies were poised to suffer depreciation in November.The ringgit lost as much as 0.8 percent to 3.3750 per dollar, its weakest since March 2010, as offshore funds dumped the currency on fears that lower oil prices may hurt Malaysia, a net oil exporter and major palm oil producer.The country's central bank was spotted intervening to limit the ...

Dollar benefits from OPEC decision as oil currencies slide LONDON: The dollar strengthened on Friday after OPEC decided not to cut oil output, slamming commodity currencies like the Norwegian crown, which fell to five-year lows against the greenback and euro. The euro slipped before data due at 1000 GMT, which is expected to show euro zone prices rose just 0.3 percent in November. That is deep in the European Central Bank's "danger zone" for inflation of below 1 percent and even further away from ...

Ugandan shilling stable, seen weaker on dollar buying KAMPALA: The Ugandan shilling was flat on Friday but was expected to weaken next week on the back of anticipated dollar demand by companies and low hard currency inflows. At 0919 GMT commercial banks quoted the shilling at 2,775/2,785, unchanged from Friday's close. "I think there's still outstanding demand pressure from corporates," said Benon Okwenje, trader at Stanbic Bank. He didn't mention specific sectors but much of the appetite for the US dollar that pressured ...

Indian rupee falls for fifth straight week; GDP data in focus MUMBAI: The Indian rupee weakened on Friday, continuing to fall for a fifth straight week, as the broad rally in the dollar globally and expectations of a cut in interest rates next week hurt sentiment for the local currency. Investors are now awaiting the release of September-quarter growth data due at 5:30 p.m. (1200 GMT) for opening cues next week. Traders said dollar/rupee forwards have started pricing in a rate cut by the Reserve Bank ...

Sterling dips on oil move, PM Cameron speaks on Europe LONDON: Sterling fell against a broadly stronger dollar on Friday, a softer consumer sentiment survey adding to the flow of negative news on the British economy as Prime Minister David Cameron made a long-awaited speech on Europe. The pound, pushed down along with other major currencies against the greenback by an almost 7 percent slump in oil prices over the past day, fell another third of a percent to $1.5690 . It was also 0.2 ...

Polish bonds retreat on GDP, energy stocks fall BUDAPEST/WARSAW: Polish government bond prices gave up ground on Friday after economic output data dampened expectations that the central bank will cut interest rates next week.The Polish central bank will discuss rates on Dec. 3 after surprising markets this month by keeping its 2 percent main rate on hold instead of continuing to cut it.Central banks in Poland, Romania and Serbia have all trimmed rates further in the past months to fight an economic slowdown, ...


 



 
IndexClosingChg%
ArrowDJIA 17,827.75 0.07
ArrowNasdaq 4,787.32 0.61
ArrowS&P 2,072.83 0.28
ArrowFTSE 6,723.42 0.09
ArrowDAX 9,974.87 0.60
ArrowCAC-40 4,382.34 0.20
ArrowNikkei 17,248.50 0.78
ArrowH.Seng 24,004.28 0.45
ArrowSensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln