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Dollar on track for eighth month of gains on US data LONDON: The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year.The index, which measures the dollar's performance against major currencies, was set to mark its longest streak of monthly gains since the greenback was floated as a fiat currency in 1971.On the day however, the index was off 0.2 percent at 95.124, having hit a one-month high of 95.357 on Thursday. The index had rallied 1.1 percent on Thursday, bringing it close to the more than 11-year high of 95.481 struck on January 23.Data released on Thursday showed US core consumer price index, which excludes food and energy costs, rose 0.2 percent in January, more than the 0.1 percent increase economists had expected.US durable goods orders also rose 2.8 ...

Norway to sell NOK 700mn of FX per day in March OSLO: Norway's central bank will sell foreign exchange equivalent of 700 million Norwegian crowns ($91.60 million) per day in March after selling the same amount of currency per day in February, it said in a statement on Friday.The bank is selling the currency because the government's transfers to its $880 billion sovereign wealth fund have been smaller than earlier expected and the budget is spending more of its oil related income.The bank usually puts foreign ...

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards traded slightly weaker on Friday due to importer dollar demand, while traders awaited the results of open market operations to find clues to interest rate direction, dealers said.One-week forwards, which were active, traded a tad weaker at 133.45/55 per dollar compared with Thursday's close of 133.40/45."Traders and exporters are waiting to see whether the central bank jacks up overnight rates," said a currency dealer.The spot currency was steady at 132.90/133.10 ...

China outstanding QFII quota at $70bn at end February BEIJING: The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor (QFII) programme rose to $69.7 billion at the end of February, China's currency regulator said on Friday.The quota was worth $68 billion at the end of January. The QFII programme was created years ago by China to allow foreigners to invest in Chinese capital markets.Norges Bank, Norway's central bank which manages the country's sovereign wealth fund, was given another $1 billion QFII quota in ...

Turkish lira hovers near record lows on central bank concerns ISTANBUL: The Turkish lira hovered near record lows on Friday as investors worried whether Central Bank Governor Erdem Basci would continue in his post after President Tayyip Erdogan's blistering criticism of the bank.Erdogan said on Wednesday that the bank's monetary policy was "unsuited to the realities of the Turkish economy" after it failed to meet his demands for rate cuts larger than those it made on Tuesday. He questioned whether the bank was under external ...

Sterling pulls back after jump vs. euro, election starts to weigh LONDON: Sterling dipped back below $1.54 on Friday, more than a cent below 8-week highs hit a day earlier, with a growing focus on political risks ahead of May elections helping cool the past month's stronger mood towards Britain.The pound was also 0.3 percent weaker against the euro after breaking below 73 pence per euro to a more than seven-year high on Thursday, as interest rate expectations moved further in favour of British assets just ...

Dollar eases in Asia after US inflation rally TOKYO: The dollar eased Friday after rallying on inflation data that pointed to rising price pressures in some areas of the US economy, which could ease the way for the Fed to hike interest rates.In Tokyo, the dollar weakened to 119.17 yen from 119.42 yen in New York, although it was still higher than 118.97 yen seen in Tokyo earlier Thursday.The euro rose to $1.1213, from $1.1198, but it slipped to 133.62 yen from 133.72 ...


Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln