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Egyptian pound broadly steady after Moody's review CAIRO: Egypt's pound held steady at a central bank dollar sale on Monday, showing little reaction to Moody's decision to raise the nation's credit rating outlook to stable from negative.Mood's said the political and security situation was more stable and saw signs of economic recovery, but kept the rating at Caa1 saying government finances are still too weak.The bank said it sold $37.6 million at a cut-off price of 7.1401 pounds per dollar on Monday, unchanged from the last sale on Thursday.The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates.In the unofficial market, the pound was trading at 7.47 to the dollar, weaker than Thursday's rate of 7.45 to the dollar, one trader said. Another trader said the pound was trading at 7.475 midday on Monday. The pound has been steadily ...


Ugandan shilling flat, seen weaker on energy, telecoms demand KAMPALA: The Ugandan shilling was little changed on Monday although traders said the currency was still vulnerable to losses because of expected demand for dollars from manufacturing, telecoms and energy companies.At 0952 GMT commercial banks quoted the shilling at 2,675/2,685, unchanged from Friday's close."We still expect significant demand from players in the manufacturing, telecoms and energy sectors," said Faisal Bukenya, the head of market making at Barclays Bank. "I believe in the short term the ...

India rupee gains for second day; election results cheer MUMBAI: The Indian rupee gained for a second consecutive session on Monday after the ruling party's success in two state elections and the government's removal of diesel subsidies and a hike in natural gas prices sparked hopes for additional reforms.India's government lifted diesel price controls and raised the cost of natural gas on Saturday, giving market forces greater sway as it seeks to attract energy investment, boost competition and cut subsidy costs.Prime Minister Narendra Modi's ...

Sri Lanka rupee forwards slip on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Monday due to importer dollar demand, while the spot rupee was not traded, with dealers saying the central bank prevented banks through moral suasion from trading the cash currency above 130.70.The three-day forwards, actively traded in the absence of spot, ended at 130.85/95 per dollar, compared with Friday's close of 130.80/85."Importer dollar demand is there, but people are reluctant to buy the spot currency because of the ...

Dollar rises against yen as risk appetite returns LONDON: The dollar rose against the safe-haven yen on Monday as upbeat data and a push-back of interest rate hike expectations restored some risk appetite to financial markets after a bout of jitters over global growth.Wall Street rallied and US Treasury yields rose on Friday after deep losses after a surprisingly strong US consumer sentiment reading and better-than-expected housing numbers that suggested economic growth in the United States was solid.The greenback got an extra boost ...

Sri Lanka rupee forwards edge down on importer dollar demand COLOMBO: Sri Lankan rupee forwards weakened on Monday due to importer dollar demand, while the spot rupee was untraded, with dealers saying the central bank prevented banks through moral suasion from trading the cash currency above 130.70.Three-day forwards, actively traded in the absence of spot, were at 130.80/90 per dollar at 0635 GMT compared with Friday's close of 130.80/85.The spot currency was neither traded nor quoted. It ended at 130.60/80 on Friday."Importer (dollar) demand is ...

South Africa's rand, govt bonds steady as market awaits budget JOHANNESBURG: South Africa's rand traded in a narrow range against the dollar on Monday, with domestic focus firmly on Finance Minister Nhlanhla Nene's medium term budget statement for an update on the health of the economy. Nene is likely to cut the GDP growth forecast for 2014, largely due to crippling wage strikes earlier in the year, and will probably predict a wider budget deficit than seen in February. The rand was at 11.0780 versus ...


 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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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
WeeklyOctober 20, 2014
Reserves $13.436 bln