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Dollar slips further in Asia after US data TOKYO: The dollar lost more ground in Asia on Thursday after tumbling in New York following weak US and European data that led to renewed concerns about the global economy.In Tokyo the greenback slipped to 108.70 yen, from 108.91 yen in New York, where it sank from above 110 yen levels seen earlier Wednesday -- the first time it has breached the mark in six years.The euro strengthened to $1.2651 from $1.2624, and to 137.52 yen against 137.48 yen ahead of a European Central Bank Meeting (ECB) later in the day.The US Commerce Department said Wednesday that construction spending in August fell unexpectedly, while a separate report showed manufacturing activity slowed in September.The disappointing figures overshadowed news that US private-sector employment increased last month. Investors were now turning their focus to Friday's US non-farm payrolls report, which is used as a barometer of the health of the world's number one ...


Australian & NZ dollars clamber off lows on short squeeze SYDNEY: The Australian dollar clawed its way off eight-month lows on Thursday after an attempt on the downside fizzled out and squeezed bearish bets, giving a fillip to the New Zealand dollar.The Aussie dollar rallied to $0.8798, from $0.8728 in early trade, helped by surprisingly strong 3 percent increase in Australian building approvals.The Aussie had already started a modest recovery overnight after the market was caught short trying to trigger stops below $0.8660, a major ...

NZ dollar bounds higher against weaker greenback WELLINGTON: The New Zealand dollar bounded towards a one-week high against the US dollar, which was hit by broad based selling on Thursday.The kiwi hit a high of $0.7928 from an opening level of $0.7785, before settling around $0.7900.There was no specific news driving the kiwi, but it was also showing a 1 percent rise against the yen, and solid gains against sterling and the euro.The trade weighted New Zealand dollar basket was 0.8 percent ...

Dollar slips further in Asia after US data TOKYO: The dollar lost more ground in Asia on Thursday after tumbling in New York following weak US and European data that led to renewed concerns about the global economy.In Tokyo the greenback slipped to 108.75 yen, from 108.91 yen in New York, where it sank from levels above 110 yen seen earlier Wednesday -- the first time it has breached the mark in six years.The euro strengthened to $1.2656 from $1.2624, and to 137.63 ...

Indian rupee rebounds from 7-month low ahead of holidays MUMBAI: The Indian rupee rose on Wednesday, rebounding from a seven-month low touched earlier in the session as investors saw recent losses as overdone, even as caution prevailed ahead of an extended holiday.The rupee opened weaker at 61.95, a level last seen on March 4, but steadily regained some ground. The unit fell in both the previous sessions, dragged down by a global rally in the dollar due to worries about earlier-than-expected U.S. rate hikes.Still, ...

Sri Lanka rupee forwards end up on exporter dollar sales COLOMBO: Sri Lankan rupee forwards recovered on Wednesday due to exporter dollar sales after falling in early trade due to equity-related outflows and importer dollar demand, dealers said.Moral suasion by the central bank capped any sharp fall in the local currency below 130.50, dealers said. The spot currency was not quoted on Wednesday. It was quoted at 130.80 per dollar at the close on Tuesday."Exporter dollar conversions came in and the rupee ended firmer," a ...

Ugandan shilling flat, seen stronger on inflows from offshore investors KAMPALA: The Ugandan shilling was stable on Wednesday after a decline in dollar demand, but traders said the local currency could benefit from offshore investors attracted by a rise in debt yields.At 1053 GMT commercial banks quoted the shilling at 2,645/2,655, little changed from Tuesday's close of 2,647/2,657.Yields rose across all tenors at a Treasury bill auction on Wednesday where a total of 145 billion shillings ($54.78 million) worth of debt was up for sale."The ...


 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln