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South Africa's rand a touch firmer as market bets on dovish Fed JOHANNESBURG: South Africa's rand firmed for a third straight session against the dollar on Wednesday as investors bet that the US Federal Reserve might issue a dovish policy statement, boosting the appeal of high-yielding emerging market assets. With investors focused on the Fed, the rand barely moved after a Statistics South Africa survey showed that unemployment eased slightly to 25 percent in the second quarter from 26.4 percent previously.At 1545 GMT the rand was trading at 12.5000 to the dollar, a 0.49 percent gain over Tuesday's New York close. Traders said caution had prevailed for much of the session ahead of Fed chair Janet Yellen releasing the Federal Open Market Committee policy statement at 1800 GMT. "There is talk that she might be a little more dovish than expected so that's helped the currencies a little bit; Turkey is a bit stronger, the rand is a bit stronger, the Aussie ...


South Africa's rand pauses ahead of Fed, local jobs data JOHANNESBURG: South Africa's rand was largely unchanged on Wednesday as investors cautiously awaited a US Federal Reserve policy statement and local unemployment data later in the session.At 0625 GMT the rand was barely changed at 12.5650 per dollar, failing to hold on to momentum that saw the unit trade firm to 12.52 overnight after crashing to a 14-year low on Monday."The rand is almost stuck in a bit of a consolidation range for the day," ...

Dollar dips ahead of Fed policy statement TOKYO: The dollar eased Wednesday as traders remained on edge after a China stock market plunge this week and as the Federal Reserve wound up a two-day meeting, with hopes of some guidance on its plans for raising interest rates.In Tokyo the dollar was at 123.43 yen, against 123.56 yen in New York late Tuesday.The euro changed hands at $1.1060 and 136.73 yen compared with $1.1058 and 136.64 yen in US trade.The greenback came under ...

C$ firms with Fed meeting in spotlight TORONTO: The Canadian dollar firmed against its US counterpart on Tuesday as investors positioned themselves ahead of Wednesday's Federal Reserve interest rate decision.The price of oil, a major Canadian export, remained under pressure amid a sell-off in Chinese stocks and concerns about oversupply, but was a touch higher after sliding earlier in the session.The US central bank kicks off a two-day meeting on Tuesday and will issue its policy statement on Wednesday. Some expect the ...

Dollar rebounds against euro, yen as focus turns to Fed NEW YORK: The US dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday.Traders said anticipation that the central bank could reinforce expectations for a September rate hike helped boost the dollar after the biggest dive in Chinese equity markets in eight years had weighed on ...

Sri Lanka rupee up after state bank cuts dollar peg COLOMBO: The Sri Lankan rupee ended a tad firmer on Tuesday after a state-run bank cut the currency's peg against the US dollar by 10 cents to allow the exchange rate to appreciate to 133.60, dealers said.One of the two state banks, through which the central bank usually directs the market, sold dollars at 133.60 to keep the rupee steady, they said. However, there was downward pressure on the rupee due to demand for the ...

Sterling rises above $1.56 as UK growth gathers pace in Q2 LONDON: Sterling rose against the dollar and the euro on Tuesday after data showed the British economy picking up pace in the second quarter, supporting a view that the Bank of England could start raising interest rates in the coming months.Gross domestic product grew 0.7 percent on the quarter in the April-June period -- in line with forecasts -- after a first-quarter expansion of 0.4 percent. Second-quarter output was 2.6 percent higher than a year ...


 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
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Arrow DAX 11,308.99 0.46
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Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln