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Dollar breaks 110 yen for first time in six years TOKYO: The dollar broke the 110 yen barrier for the first time in more than six years on Wednesday, following a string of generally upbeat US data and expectations of more Bank of Japan monetary easing.The greenback soared as high as 110.09 yen in late morning Tokyo trade, its highest level since August 2008 and up from 109.64 yen in New York, as investors turn their attention to a key US jobs report later this week.The dollar has been rising against the yen and euro as the US Federal Reserve's stimulus tapering policy increasingly diverges with expectations for fresh easing moves by Japanese policymakers and the European Central Bank.Hopes for an earlier-than-expected US interest rate hike have been drawing investors back to the dollar amid signs that a recovery in the world's number one economy was taking hold.But the employment figures on Friday will be crucial to cementing that optimism ...


Kenyan shilling, stocks shrug off GDP rise to hold steady NAIROBI: The Kenyan shilling and main stock market index were flat on Tuesday, shrugging off a jump in the gross domestic product of East Africa's biggest economy after the authorities changed the base calculation year.Foreign exchange and stock market traders said both markets had factored in a rise of Kenya's GDP, now estimated to be 25 percent bigger after the base calculation year was changed to 2009 from 2001.At close of trade at 1300 GMT, ...

Russia's rouble sinks after media report says central bank mulls capital controls MOSCOW: Russia's rouble hit an all-time low against a dollar-euro basket on Tuesday, falling below the level at which the central bank intervenes to defend the currency, after a news report said the bank was considering imposing capital controls.The central bank, which last intervened to defend the rouble in May, said it was unable to provide immediate comment on the news report. Bank officials have repeatedly said they oppose the imposition of capital controls.The Finance ...

Dollar hits 4-year high, heads for best quarter in 6 years NEW YORK: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its biggest quarterly gain in six years.The Norwegian crown was another big mover, up 0.9 percent to a three-week high of 8.1084 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in ...

Sterling ends mixed after dollar surge LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...

South Africa's rand falls to fresh 8-month low after poor trade data JOHANNESBURG: South Africa's rand continued a downward spiral against the dollar on Tuesday, tumbling to fresh eight-month lows after the revenue service reported a sharp widening of the trade deficit.The trade account recorded a 16.3 billion rand ($1.44 billion) shortfall in August, its biggest gap in seven months.The poor trade data compounds South Africa's economic problems brought about by expected policy normalisation in the United States. South Africa's wide current account deficit, fed by a ...

US dollar share of central bank FX reserves steady in Q2: IMF NEW YORK: The US dollar share of global central banks' currency reserves was a little more than 60 percent in the second quarter of 2014, according International Monetary Fund data released on Tuesday.The greenback's share of FX reserves was $3.830 trillion, or about 60.6 percent of total allocated reserves, roughly the same as the first quarter. At the beginning of the financial crisis in 2008, the dollar's share of global currency reserves was about 63 ...


 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln