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Euro rebounds in Asia after drop on ECB easing plan reports TOKYO: The euro rebounded modestly in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme.In Tokyo afternoon trade, the common currency fetched $1.2723 and 136.15 yen against $1.2714 and 136.04 yen in US trading on Tuesday. The single currency had been at $1.2800 and 136.86 yen the previous day.The dollar edged up to 107.02 yen from 106.99 yen, after fresh data Tuesday showed US existing-home sales rebounded in September from a dip in August to their highest pace of the year. Investors will be looking to US inflation figures later in the day after a series of uneven data has thrown into question the strength of the world's top economy, ahead of the US Federal Reserve's policy meeting next week."The US CPI (consumer price index) is at the forefront of attention," Ayako Sera, head of research team at ...


Euro flat in Asia after drop on ECB easing plan reports TOKYO: The euro held steady in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme.In Tokyo morning trade, the common currency fetched $1.2720 and 136.01 yen against $1.2714 and 136.04 yen in New York late Tuesday. The single currency had been at $1.2800 and 136.86 yen the previous day.The dollar was little changed at 106.90 yen against 106.99 yen, despite fresh data that ...

Kenyan shilling firms as foreign investors get ready for bond auction  NAIROBI: The Kenyan shilling strengthened against the dollar on Tuesday and traders said investors were buying local currency ready for the auction of a government infrastructure bond on Wednesday.At 0815 GMT, commercial banks posted the shilling at 88.90/89.00, stronger than Friday's close of 89.10/89.20. Monday was a public holiday and markets were closed."There's an expectation that we could see some decent flows coming for the infrastructure bond that's being auctioned," said Duncan Kinuthia, head of ...

Rouble pressure eases as tax period prompts buying MOSCOW: Pressure on the rouble eased slightly on Tuesday as Russian firms sold foreign currency to pay taxes falling due in roubles, but stock market sentiment was soured by the death of French oil major Total's chief executive in a plane crash in Moscow.At 0915 GMT the Russian currency was 0.17 percent stronger against the dollar at 40.96 and gained 0.17 percent to trade at 52.50 versus the euro.That left the currency 0.17 percent stronger ...

Sterling steady as traders wait for BoE minutes, data LONDON: Sterling stayed steady on Tuesday as traders looked beyond worse-than-expected public borrowing numbers to Bank of England minutes, due during the following session, keeping their focus on when interest rates might rise.Trading volumes were well below the past month's average.Third-quarter gross domestic product numbers on Friday could provide some support for the currency, traders said, as doubts grow about the solidity of Britain's economic recovery in the face of a worsening outlook in Europe.Last ...

Euro sinks on hint ECB will buy corporate bonds LONDON: The euro fell more than half a cent against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the euro zone economy.The move, if realised, would widen out the private-sector asset-buying programme the ECB began on Monday, adding to the number of new euros the bank can put into circulation without politically controversial purchases of government bonds.It ...

Dollar/Saudi riyal forwards jump as spot market pressured DUBAI: The Saudi riyal fell sharply against the U.S. dollar in the forwards market on Tuesday to its lowest level since March 2011, when the Arab Spring uprisings briefly shook confidence in the political and economic stability of the Gulf.Traders said the riyal's peg of 3.75 to the dollar was not under serious pressure, and that the currency's drop did not indicate major concern about Saudi Arabia's economy.Nevertheless, the move suggested that after a long ...


 



 
IndexClosingChg%
ArrowDJIA 16,614.81 1.31
ArrowNasdaq 4,419.48 2.40
ArrowS&P 1,941.28 1.96
ArrowFTSE 6,372.33 1.68
ArrowDAX 8,886.96 1.94
ArrowCAC-40 4,081.24 2.25
ArrowNikkei 14,804.28 2.03
ArrowH.Seng 23,088.58 0.08
ArrowSensex 26,575.65 0.55





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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
WeeklyOctober 20, 2014
Reserves $13.436 bln