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Dollar inches down ahead of Yellen speech TOKYO: The dollar inched down in Asia Friday as investors awaited a speech by the US Federal Reserve chief for any hint at when the bank will start raising interest rates.The US unit was changing hands at 103.71 yen in Tokyo afternoon, compared with 103.85 yen in New York Thursday afternoon.The euro was mixed, buying $1.3287 and 137.81 yen against $1.3280 and 137.91 yen in US trade."It is likely to remain very, very quiet today, ahead of Fed Chair's speech," National Australia Bank (NAB) said in a note.All eyes were on he Fed's annual monetary policy meeting in Jackson Hole, Wyoming, where the heads of the US and eurozone central banks will speak.Fed Chair Janet Yellen is schedule to speak first, at 1400 GMT Friday, followed by Mario Draghi, the European Central Bank president, at 1830 GMT."This forum has been known to signal the Fed's intentions and at the very ...


Dollar holds up ahead of Yellen speech TOKYO: The dollar maintained its strength in Asia Friday as investors awaited a speech by the US Federal Reserve chief for any hint at when the bank will start raising interest rates.The US unit was changing hands at 103.90 yen in Tokyo late morning trade, compared with 103.85 yen in New York Thursday afternoon.The euro was mixed, buying $1.3276 and 137.95 yen against $1.3280 and 137.91 yen in US trade."It is likely to remain very, ...

Turkish lira at five-month low after Fed minutes, before PM choice ISTANBUL: The Turkish lira reached five-month lows after minutes of the Federal Reserve's last meeting led markets to price in an earlier increase in U.S. interest rates, making emerging-market assets less attractive.The Fed hinted that a surprisingly strong recovery in the U.S. jobs market may lead it to raise interest rates earlier than it had been expecting. Turkey is susceptible to changes in global liquidity, because it relies on foreign capital to finance its current ...

German data brings relief to euro, dollar rise stalls LONDON: The euro recovered from a 11-month low against the dollar, helped by better-than-expected German private sector growth data, although gains were likely to be temporary given expectations of more monetary stimulus.The U.S. dollar, buoyed by rising Treasury yields and widening interest rate differentials in its favour, traded below 11-month peaks against a basket of major currencies, having scaled those highs after minutes of the Federal Reserve's July meeting, released on Wednesday, sounded slightly hawkish.The ...

Sri Lanka rupee steady in sluggish trade after central bank chief comments COLOMBO: The Sri Lankan rupee traded steady on Thursday in dull trade, a day after the central bank governor said short-term interest rates seem to be bottoming out while there is little scope for long-term lending rates to come down.The rupee was trading at 130.20/23 per dollar at 0821 GMT, little changed from Wednesday's close of 130.19/23."There was no move in the rupee, but the bonds were active after the governor's comments," a currency dealer ...

Egyptian pound stable at central bank sale, weaker on black market CAIRO: The Egyptian pound was stable at a central bank dollar sale on Thursday but weakened on the black market.The central bank said it sold $37.4 million at a cut-off price of 7.1401 pounds per dollar, unchanged from its last sale on Wednesday.The rate for the dollar sales has stayed in a very tight range since the beginning of June, after the bank allowed the pound to weaken in May. It had offered $40 million ...

Sterling hurt by dollar surge, soft retail sales LONDON: Sterling traded near its lowest in more than four months against the dollar on Thursday after taking a hammering along with a raft of other currencies against the greenback overnight on the back of U.S. Federal Reserve meeting minutes.The pound, down more than six cents in the past month, had gained a foothold on Wednesday after minutes from the Bank of England's own last policy meeting showed the first dissenting votes on its policy ...


 



 
Index Closing Chg%
Arrow DJIA 17,001.22 0.22
Arrow Nasdaq 4,538.55 0.14
Arrow S&P 1,988.40 0.20
Arrow FTSE 6,775.25 0.04
Arrow DAX 9,339.17 0.66
Arrow CAC-40 4,252.80 0.93
Arrow Nikkei 15,539.19 0.30
Arrow H.Seng 25,112.23 0.47
Arrow Sensex 26,419.55 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%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln