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Dollar pares losses after US Q4 GDP revision NEW YORK: The dollar trimmed earlier losses against the euro and yen early Friday as the downgrade on fourth-quarter US growth was not as steep as economists had forecast, supporting the view the world's biggest economy will grow at a moderate pace. Gross domestic product grew at a 2.2 percent annual pace, slower than the initial estimate of a 2.6 percent pace, the Commerce Department said on Friday.The economy grew at a 5 percent rate in the third quarter. The euro was last up 0.22 percent at $1.1220 after being up 0.36 percent shortly before the release of the latest GDP data. The dollar turned flat against the yen at 119.37 yen after being down 0.1 percent before the GDP data. The dollar index was last down 0.26 percent at 95.043, compared with a 0.36 percent decline prior to the data. Copyright Reuters, 2015

C$ makes modest gains; focus on Bank of Canada TORONTO: The Canadian dollar was firmer against the greenback on Friday, tracking moderate gains in crude prices, with the market primarily focused on the Bank of Canada, which will announce an interest rate decision next week.Canadian inflation data this week supported the latest view that the central bank will not cut rates again next week, following its surprise 25-basis-point cut in January.Markets had widely priced in a 70 percent, or more, chance of another rate ...

Turkish treasury sees March domestic borrowing 4.5bn lira ISTANBUL: The Turkish Treasury said on Friday it planned to borrow 4.5 billion lira ($1.79 billion) from domestic markets in March against domestic redemptions of 5.4 billion lira. Borrowing in April is seen at 11.5 billion lira against redemptions of 13.3 billion. In May, the treasury plans to borrow 9.5 billion lira on redemptions of 11.9 billion. Copyright Reuters, 2015

Nigeria's naira in biggest monthly fall for five years LAGOS: Nigeria's currency suffered its biggest monthly fall in over five years this February, dealers said, citing concerns over political uncertainty and the central bank's ability to manage a currency hammered by weak oil prices. The naira shed 8.3 percent to the dollar in February, dealers said, worse than a 6.9 percent fall in November after central bank devalued the currency by 8 percent in order to save its foreign reserves.However, reserves have fallen steadily ...

Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Friday due to importer dollar demand amid a rise in bond yields, while the central bank said it would scrap a lower repo penalty rate of 5 percent from March 2. Bond yields went up on the central bank's surprise decision and on expectation it would raise overnight rates, said bond dealers. "The decision will ease the pressure on the rupee," said a currency dealer.One-week forwards, which ...

Dollar on track for eighth month of gains on US data LONDON: The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year.The index, which measures the dollar's performance against major currencies, was set to mark its longest streak of monthly gains since the greenback was floated as a fiat currency in 1971.On the day however, ...

Norway to sell NOK 700mn of FX per day in March OSLO: Norway's central bank will sell foreign exchange equivalent of 700 million Norwegian crowns ($91.60 million) per day in March after selling the same amount of currency per day in February, it said in a statement on Friday.The bank is selling the currency because the government's transfers to its $880 billion sovereign wealth fund have been smaller than earlier expected and the budget is spending more of its oil related income.The bank usually puts foreign ...


ArrowDJIA 18,132.70 0.45
ArrowNasdaq 4,963.53 0.49
ArrowS&P 2,104.50 0.30
ArrowFTSE 6,946.66 0.04
ArrowDAX 11,401.66 0.66
ArrowCAC-40 4,951.48 0.83
ArrowNikkei 18,797.94 0.06
ArrowH.Seng 24,823.29 0.32
ArrowSensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln