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Egyptian pound steady at first forex auction under new central bank governor CAIRO: Egypt's central bank held the pound steady at 7.7301 pounds to the dollar on Sunday at the first official foreign currency auction since new central bank governor Tarek Amer took office on Nov. 27.The pound strengthened on the black market, with traders anticipating new policy moves from the central bank. One trader said the dollar changed hands at 8.50 pounds on Sunday, compared with 8.60 pounds last Thursday."The pound strengthened because it was said that there was a central bank meeting today and we don't know what decisions will be taken," one black market trader told Reuters.Egypt, which is heavily dependent on imports, is facing a dollar shortage and mounting pressure to devalue the pound. The central bank had been gradually depreciating the pound through official auctions, but the rate is still far from that on the black market.The central bank surprised markets when it strengthened the pound on ...

Dollar rises on ECB, SNB rate-cut expectations NEW YORK: The dollar rose across the board on Friday, hitting an eight-month high against a basket of currencies as speculation the Swiss National Bank would follow the European Central Bank in cutting deposit rates further pushed major competitors lower. Expectations of growing interest rate differentials between the dollar and major European currencies have pushed the dollar index up to near its yearly peak of 100.390, the highest it has been since June 2003. Most ...

South Africa's rand weakens on US rate outlook; stocks weaker JOHANNESBURG: The rand fell to its weakest in nearly two weeks against the dollar on Friday, and analysts expect further losses next week if a US rate increase looks more likely or if ratings agencies give negative reviews on South Africa's credit rating. Stocks ended more than 1 percent lower, with media and e-commerce group Naspers among the biggest losers. Mining companies took the most points off the benchmark index. The rand touched a session ...

Euro weak ahead of European Central Bank meeting TOKYO: The euro on Friday hovered around seven-month lows on the dollar and was also weak against Asian currencies on speculation that the European Central Bank will unleash fresh stimulus measures next week.Further action by the ECB to boost the 19-nation eurozone economy was likely to heap pressure on Asian policymakers to loosen their own monetary policy in a bid to push down their units to stay competitive, analysts said.The euro Friday declined against a ...

Asia FX weaken; yuan set for longest weekly losing streak in 5 months SINGAPORE: Most emerging Asian currencies eased on Friday and were set to suffer weekly losses on broad strength in the dollar, with US interest rates expected to rise for the first time in around a decade later at time when the European Central Bank is expected to add extra stimulus.The Chinese yuan was poised to post its longest weekly losing streak in five months as the central bank set its daily guidance rate at a ...

Currencies ease, Polish stock market jittery BUDAPEST: Central Europe's main currencies extended losses slightly on Thursday as expectations of European Central Bank monetary easing and Federal Reserve tightening next month, as well as geopolitical tension in the Middle East, weighed on sentiment.Turnover was thin, however, as the Thanksgiving holiday in the United States dampened trade in global markets.The Polish zloty and the Hungarian forint were 0.2 percent weaker against the euro by 1510 GMT, with the Polish currency trading at its ...

South Africa's rand weakens as investors bet on Fed hike, stocks up JOHANNESBURG: South Africa's rand was on the backfoot against the dollar on Thursday, turning in the second-weakest performance in a basket of 25 emerging market currencies offloaded by investors bracing for higher US rates. Stocks ended slightly firmer with bourse heavyweight Anglo American among the biggest gainers as metal prices cruised higher. The rand fell 1 percent to a session low of 14.2900 per dollar, and was 0.9 percent softer at 14.2750 by 1534 GMT, ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln