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Dollar rally fizzles in Asia TOKYO: The dollar edged down against the yen in Asia on Friday after rallying on good economic data, with a first confirmed Ebola case in New York impacting risk appetite.The dollar was at 107.94 yen in Tokyo midday trade, down from 108.27 yen in New York Thursday afternoon though still above 107.24 yen in Tokyo earlier Thursday.The euro bought 136.65 yen, down from 136.93 yen in New York, while inching up to $1.2657 from $1.2647.The safe-haven yen lost ground Thursday with risk sentiment lifted by encouraging Chinese manufacturing data, solid readings for eurozone business activity and good US jobs data.The dollar rose into the 108-yen range but the rally fizzed a little in Asia on Friday."It was all going so very well, until red headlines (early Asian time) hit the screens saying that a patient was being tested at Bellevue hospital in NYC for suspected Ebola," National Australia Bank said."This ...


New York Ebola scare keeps Aussie & kiwi dlrs on the backfoot SYDNEY/WELLINGTON: The Australian and New Zealand dollars looked set to end the week on a sour note after a report that a doctor in New York had tested positive for Ebola weighed on risk appetite.Both Antipodean currencies, usually sold off in times of heightened risk aversion, fell against the yen, greenback and the euro.The Aussie slipped 0.3 percent to $0.8738 while its New Zealand counterpart dipped 0.1 percent to $0.7812. Against the yen, the Aussie ...

C$ steady as investors in limbo on Bank of Canada TORONTO: The Canadian dollar was steady against its US counterpart on Thursday, and with little news to drive trading after Wednesday's volatility investors were seen as unlikely to challenge the day's trading range.The currency had touched a session high on Wednesday after unexpectedly weak retail sales data, but quickly strengthened to its firmest level of the session after the Bank of Canada dropped its reference to neutrality in its rate statement.Investors were unable to get ...

Rouble hits new low on Rosneft aid request, dollar shortage MOSCOW: The rouble hit a new record low against the dollar on Thursday, prompting over $2 billion in central bank interventions after Russia's top oil firm sought huge amounts of state cash and firms scrambled for dollars. At 1300 GMT, the rouble was 0.56 percent weaker at 41.65 against the dollar after earlier hitting 41.71 against the greenback for the first time.It was 0.67 lower at 52.74 versus the euro, earlier touching another all-time low ...

Nigeria naira up 0.30pc against dollar after central bank intervenes LAGOS: The Nigerian naira firmed 0.30 percent to 164.40 against the US dollar on Thursday after the central bank intervened in the interbank market for the second straight day with an undisclosed amount of dollars, dealers said. The naira closed at 164.90 to the dollar the previous day. It had initially weakened to around 165.80 intraday, prompting central bank action to stem its fall.Copyright Reuters, 2014

Retail shortfall prods sterling lower, gilts down LONDON: Sterling fell by around a third of a percent on Thursday after British retail sales dropped more than expected in September, another sign that one of the developed world's brighter economic recoveries is slowing. The impact was eased by subdued expectations for the data and by the prospect of a more upbeat first estimate of third-quarter economic growth on Friday. But the 0.3 percent decline on the month, largely ascribed to better weather that ...

Polish zloty hits 15-month low against the dollar WARSAW: Poland's zloty currency fell to its lowest in 15 months against the dollar on Thursday, with weak Polish retail sales data supporting the case for further rate cuts in central and eastern Europe's largest economy.Regional currencies were stable against the euro, which was supported by data showing euro zone business growth has picked up unexpectedly this month.The diverging expectations for monetary policy in the United States, which is expected to tighten somewhere in 2015, ...


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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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 23, 2014
Reserves $13.465 bln