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Sterling starts week on soft footing LONDON: Sterling edged down against both the dollar and euro on Monday, with investors eyeing testimony from the heads of the British finance ministry and Bank of England (BoE) later in the week for direction.The pound had hit a three-month high last week against the euro and a trade-weighted basket of currencies as expectations grew that policy would be eased still further in the euro zone, Britain's main trading partner.By contrast, the next policy move from the BoE is expected to be an interest rate rise. But markets have pushed out to the end of 2016 their bets on when that hike will come , roughly a year later than expectations of a December rate hike from the U.S. Federal Reserve.Sterling fell by a third of a percent on Monday to $1.5148 , taking it closer to a seven-month trough of $1.5027 hit earlier this month. Against the euro, it ...

Euro survives first attack on $1.06 LONDON: The euro was marginally steadier in early trade in Europe on Monday after hitting its lowest in more than 7 months in Asian time, traders with interest from options markets repelling a first attack on $1.0600. Robust sentiment surveys from the euro zone offered the single currency support, but traders and analysts were reluctant to predict any bounce before a European Central Bank meeting next month that is expected to ease monetary policy.Latest positioning ...

Dollar up on rate rise as markets slow ahead of Thanksgiving SINGAPORE: The dollar rose against the yen and emerging Asian currencies on Monday, boosted by a looming US interest rate hike, but analysts said liquidity will be thin ahead of the Thanksgiving holiday.Mounting expectations the US will raise interest rates for the first time in almost a decade next month have driven the greenback higher.San Francisco Fed president John Williams fuelled bets for a rate rise this weekend when he said there was a "strong ...

Egyptian pound steady at auction and on parallel market CAIRO: Egypt's central bank kept the pound steady at 7.7301 to the dollar at its official foreign currency auction on Sunday, less than two weeks after surprising the market by strengthening it.The central bank sold 37.8 million dollars at a cut-off price of 7.7301 pounds to the dollar. Earlier this month it strengthened the pound by 20 piasters from 7.9301.Egypt, which is heavily dependent on imports for food and energy, is facing a dollar shortage ...

Ugandan shilling firms slightly on liquidity mop-up KAMPALA: The Ugandan shilling was slightly firmer on Friday, due to the central bank mopping up excess liquidity but was seen under pressure from commercial banks buying the dollar, spurred by the International Monetary Fund cutting economic growth forecasts. At 0921 GMT commercial banks quoted the shilling at 3,360/3,370, stronger than Thursday's close of 3,375/3,385. "The shilling strengthening is on the back of liquidity mop-up," said Shahzad Kamaluddin, a trader at Crane Bank. The Bank ...

Forint jumps to 4-week high on rating upgrade talk BUDAPEST: The forint touched a four-week high against the euro on Friday on speculation Fitch might upgrade Hungary's foreign currency debt later in the day, giving the country its first investment grade rating since 2011.Other Central European assets mostly trod water on a lack of major domestic triggers.Expectations the Federal Reserve will start to lift US interest rates in December have not dented asset prices in the European Union's eastern states. Many investors believe that ...

Dollar under pressure as Fed timetable in focus TOKYO: The dollar edged down for a second day against emerging market currencies in Asia Friday as dealers focus on the pace of the expected rise in US interest rates. Confidence among traders has been boosted after minutes from the Federal Reserve Wednesday showed its policymakers are satisfied the US economy is strong enough to withstand a rate hike next month. The key beneficiaries have been the Malaysian ringgit and Indonesia's rupiah, which each surged ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln