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C$ firms as markets await Fed statement TORONTO: The Canadian dollar firmed against the greenback for a third day on Wednesday but gains were limited by investor caution ahead of a policy statement by the US Federal Reserve later in the day.Market speculation has been rife over whether the US central bank will change its language on how long it will hold interest rates at ultra-low levels.Expectations that the statement will be a bit more hawkish sparked a nearly 2 percent selloff in the loonie last week, but the market was more cautious on Wednesday.The Fed will issue its statement at 2 p.m. EDT (1800 GMT), at the conclusion of a two-day policy-setting meeting, along with new economic and rate projections. A press conference by Fed Chair Janet Yellen will follow at 2:30 p.m.In previous statements, the Fed has said it will keep rates low for a "considerable time" after its bond-buying program ends. That is likely ...


Dollar slips vs euro after U.S. CPI data hints at dovish Fed NEW YORK: The US dollar edged lower against the euro on Wednesday after data showed U.S. consumer prices fell last month, fuelling scepticism that the Federal Reserve will adopt a more hawkish tone in a policy statement later in the session.The Labor Department said its Consumer Price Index fell 0.2 percent in August as a broad decline in energy prices offset increases in food and shelter costs, marking the first dip since April of 2013 ...

Kenyan shilling hovers near 3-year low, stocks edge lower NAIROBI: The Kenyan shilling weakened on Wednesday, hovering near three-year lows due to dollar demand from the energy and telecoms sectors, and traders said importers buying dollars would keep it under pressure.On the Nairobi Securities Exchange (NSE), stocks edged lower, breaking a three-day rising streak.By close of trade at 1300 GMT, commercial banks quoted the shilling at 89.25/35 to the dollar, compared with Tuesday's close of 89.00/10."There's a bit of weakness. There was some demand ...

South Africa rand snaps 2-day gains despite hawkish local data JOHANNESBURG: South Africa's rand weakened against the dollar on Wednesday, as uncertainty over a key U.S. federal reserve policy statement overshadowed retail sales and inflation data that backed the case for a domestic rate hike this week.The rand rallied briefly after Statistics South Africa said consumer inflation quickened more than expected to 6.4 percent year-on-year in August, while retail sales rose 2.4 percent in July.The data could tilt the South African Reserve Bank towards hiking ...

Sterling recovers on ‘No’ polls, volatility jumps LONDON: Sterling crept above $1.63 to a two-week high on Wednesday, helped by polls showing the "No" camp holding onto a slender lead before Thursday's referendum on Scottish independence.Tension remains high before the vote, and the cost of hedging against sharp overnight swings in the British pound doubled from Wednesday's European close. One-week options imply the highest levels of volatility since 2008.That reflects how worried markets are that a vote for Scottish independence would weaken ...

Kenyan shilling hovers near 3-year low, seen under pressure NAIROBI: The Kenyan shilling was flat near three-year lows on Wednesday and traders said the local currency was expected to come under pressure due to dollar demand from importers.By 0830 GMT, commercial banks quoted the shilling unchanged at 89.00/10 to the dollar, yet to convincingly break the key 89-level after which it could tumble even further.The shilling touched 89.05/25 late on Tuesday, its weakest since it hit 89.10/20 in mid-December 2011, Reuters data showed."The shilling ...

Turkish lira up, Bank Asya shares drop to fresh lows ISTANBUL: The Turkish lira rose off 5-1/2 month lows on Wednesday on speculation the U.S. Federal Reserve would maintain a pledge on low rates later in the day, giving riskier emerging market assets a breather.Shares in Bank Asya fell 10 percent to 0.72 lira, extending this week's losses to 42 percent amid uncertainty over its future.The lira firmed to 2.2083 against the dollar by 0836 GMT from 2.2140 late on Tuesday.Emerging markets have suffered in ...


 



 
Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln