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Dollar drops vs yen and euro as stocks weaken, on track for monthly loss LONDON: The dollar lost ground against the safe-haven yen and the low-yielding euro on Monday as global stock markets began the week in the red, prompting investors to trim bets against currencies popularly used to fund risky carry trades. Under carry trades, investors sell a low-yielding currency to buy a riskier, higher-yielding ones for better returns. When volatility rises in global financial markets and stocks fall, they tend to take these positions off the table. European shares fell, with Germany's DAX and France's CAC on track for their worst month in four years. Chinese stock markets also fell while US stock futures pointed to a weak start. Volumes were relatively low with London shut for a holiday. In Europe, data showed euro zone inflation was unchanged in August, rising 0.2 percent year-on-year. And while it would offer some comfort to the European Central Bank in the short term, any further ...


Rouble falls back with oil as caution reigns after rally MOSCOW: The Russian rouble retreated on Monday as oil fell back below $50 per barrel and a cautious mood reigned on global markets after a rally in oil and stocks at the end of last week.At 0745 GMT, the rouble was 2 percent weaker against the dollar at 66.69 and down 2.1 percent to 74.78 versus the euro.The rouble had fallen to a 2015 low of 71.69 per dollar a week ago during the global ...

Kenyan shilling holds steady, liquidity pressure expected NAIROBI: The Kenyan shilling was steady against the dollar on Monday but expected to come under pressure from strong liquidity in the money markets.At 0725 GMT commercial banks quoted the shilling at 103.80/104.00 to the dollar, barely changed from Friday's close of 103.80/90."In the money market there is quite a bit of liquidity and we still keep getting customers who are interested in buying (dollars). I don't see why the shilling would gain," one Nairobi-based ...

Dollar's rate rise rally fizzles as China fears weigh TOKYO: The dollar slipped against the yen and euro Monday on fears that China's economic malaise could drag on global growth, reversing a rally that had been fuelled by hopes of a September US rate rise.In Tokyo afternoon trade, the dollar weakened to 121.10 yen from 121.52 yen late Friday in New York.The euro rose to $1.1249 and 136.24 yen from $1.1188 and 135.97 yen in US trade. Speaking at the weekend on the sidelines ...

Sterling climbs after UK data points to robust investment, exports LONDON: Sterling inched up against the dollar on Friday, recovering from the previous day's 1 1/2-month lows after data showed UK growth was underpinned by robust exports and business investments in the second quarter. Sterling hit a high of $1.5427, up 0.2 percent, after the data, from $1.5400 beforehand. It had fallen to $1.5370 on Thursday after data showed the United States expanded much faster in the second quarter than previously estimated, boosting a view ...

Ugandan shilling weakens due to increased liquidity KAMPALA: The Ugandan shilling weakened on Friday, due to increased dollar demand from commercial banks after the central bank injected liquidity into the money markets. At 0854 GMT commercial banks quoted the shilling at the shilling at 3,630/3,650, weaker than Thursday's close of 3600/3610. The central Bank of Uganda (BOU) injected 134 billion shillings ($36.91 million) into the interbank market using reverse repurchase agreements on Friday. A lack of liquidity had pushed rates on overnight ...

Dollar index slips, investors await guidance from Fed LONDON: The dollar eased against a basket of major currencies for the first time in four days on Friday, with investors awaiting fresh comment from the US Federal Reserve on interest rates after a tumultuous week in global financial markets. The dollar had bounced back from seven-month lows struck on Monday as a semblance of calm returned to markets, with the greenback also benefiting from upbeat US data. The dollar index was down 0.1 percent ...


 



 
Index Closing Chg%
Arrow DJIA 16,351.38 1.82
Arrow Nasdaq 4,749.98 2.46
Arrow S&P 1,948.86 1.83
Arrow FTSE 6,083.31 0.41
Arrow DAX 10,048.05 0.32
Arrow CAC-40 4,554.92 0.30
Arrow Nikkei 18,095.40 0.39
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,453.56 0.95





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln