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Ugandan shilling rises slightly, more gains seen KAMPALA: The Ugandan shilling edged up on Friday on the back of banks selling dollars and market participants said it could rise further next week due to inflows from charity groups. At 0952 GMT, commercial banks quoted the shilling at 2,623/2,633, slightly up from Thursday's close of 2,627/2,637. "In the interbank we've seen some significant (dollar)selling which has strengthened the shilling," said Benon Okwenje, trader at Stanbic Bank."I am expecting strong inflows as we approach the end of month so the shilling should trade marginally stronger next week," he said, citing dollar inflows from non-governmental organisations operating in the country. The shilling is down 3.9 percent against the greenback in the year to date, under pressure from a range of factors, including aid stoppages by donor nations who were angered by the enactment of an anti-gay law earlier in the year. Daniel Muganza, trader at Centenary Bank, said the shilling ...


Sterling firmer vs euro as GDP data highlights diverging fortunes LONDON: Sterling rose against the euro on Friday after data showed Britain's economy is finally bigger than its pre-crisis size, highlighting the increasingly divergent economic and policy outlooks for the UK and the fragile euro zone.Gross domestic product (GDP) expanded by 0.8 percent in the April-June period, the same strong pace as in the first three months of the year and in line with forecasts in a Reuters poll of economists. The data came a ...

Sterling edges up vs euro as GDP data highlights divergent outlooks LONDON: Sterling edged up against the euro on Friday after data showed Britain's economy is finally bigger than its pre-crisis size, highlighting the increasingly divergent economic and policy outlooks for the UK and the fragile euro zone. Gross domestic product (GDP) expanded by 0.8 percent in the April-June period, the same strong pace as in the first three months of the year and in line with forecasts in a Reuters poll of economists.The data came ...

Kenya shilling steady as dollar demand offset by tight liquidity NAIROBI: The Kenyan shilling was steady on Friday with pressure from importers seeking dollars balanced by tight shilling liquidity.At 0820 GMT, commercial banks quoted the Kenyan currency at 87.70/90 to the dollar, compared with Thursday's close of 87.80/90."We are range-bound, but we have seen tightness in the money market ... so that's offering some support," said John Njenga, trader at Commercial Bank of Africa.He said the usual end-of-the-month demand for dollars from importers was expected ...

Euro battling losses after poor German data LONDON: The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment as the US currency headed for its strongest week since March. The Ifo numbers, the most watched forward-looking indicator of growth in the euro zone's largest member economy, fell for the third month running, with both of its main indexes declining much more than forecast.The euro fell to as low ...

Indian rupee edges up but snaps two-week gaining streak MUMBAI: The Indian rupee ended marginally higher on Friday, as heavy dollar demand from importers to meet month-end commitments was offset by greenback sales from custodian banks, continuing a pattern of largely range-bound trading. Still, the rupee fell 0.3 percent for the week, posting its first weekly loss in three in a week dominated by flows rather than major events or factors. Traders said they will continue to monitor movements in other Asian currencies and ...

Euro digs in after rebounding from lows TOKYO: The euro held firm against the dollar and yen on Friday after bouncing back from multi-month lows in the previous session in response to upbeat manufacturing data.The news out of Europe added an upbeat outlook fuelled by a surge in an index that gauges the manufacturing sector in China, the world's number two economy. The single currency bought $1.3464 in Tokyo, the same rate in New York late Thursday, while fetching 137.04 yen from ...


 



 
IndexClosingChg%
ArrowDJIA 16,982.59 0.13
ArrowNasdaq 4,444.91 0.10
ArrowS&P 1,978.91 0.03
ArrowFTSE 6,788.07 0.05
ArrowDAX 9,598.17 0.48
ArrowCAC-40 4,344.77 0.33
ArrowNikkei 15,529.40 0.46
ArrowH.Seng 24,428.63 0.88
ArrowSensex 25,991.23 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln