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Dollar eases ahead of data release, eyes on Hong Kong TOKYO: The dollar dipped in Asian trade Tuesday after enjoying a recent rally, with investors awaiting the release of key US data this week, while they are also keeping tabs on protests in Hong Kong that have shut parts of the city.The greenback was changing hands at 109.24 yen, down from 109.45 yen in New York late Monday, while the euro fetched $1.2695 compared with $1.2686.And the single currency was also at 138.70 yen, against and 138.87 yen.A string of impressive indicators out of Washington in recent weeks have fuelled hopes the US economy is back on track and increasing the likelihood the Federal Reserve will hike interest rates sooner than later.However, traders have stepped back ahead of the release of a raft of data through the week that culminates with Friday's US jobs report for September.However, analysts said the dollar could resume its uptrend if a September consumer confidence ...


Dollar rally pauses as Hong Kong protests raise jitters NEW YORK: The dollar dipped on Monday as its three-month rally took a breather on nervousness over Beijing's response to democracy protests in Hong Kong over weekend and whether they might hurt its economy and status as a global financial hub. The dollar's rally on expectations the Federal Reserve would raise interest rates in the mid-2015 was seen as overdone and the currency was headed for a pullback, analysts said. "The situation in Hong Kong ...

Kenyan shilling weakens, Centum leads stocks higher NAIROBI: The Kenyan shilling weakened on Monday due to increased importer demand for dollars, while stocks closed higher lifted by investment firms.At close of trade at 1300 GMT, commercial banks quoted the shilling at 89.30/40 to the dollar, compared with Friday's close of 89.10/20.Earlier in the session, traders said the shilling was expected to weaken as the month drew to a close, due to demand from importers in sectors like manufacturing and energy.Traders said demand ...

Nigeria naira gains on central bank dollar intervention LAGOS: The Nigerian naira firmed 0.12 percent to close at 163.70 against the dollar on Monday, after the central bank sold dollars directly to lenders on the interbank market to prop up the ailing currency, dealer said. The local unit eased to around 164.15 naira by midday trade, prompting the central bank to intervene with an undisclosed amount of dollars sold directly on the interbank market, dealers said. The naira closed at 163.90 on Friday. ...

Currencies rebound as euro regains some ground BUDAPEST: Central European currencies tracked the euro's rebound against the dollar on Monday after an early weakening on expectations that rising US interest rates will erode the appeal of emerging market debt.US economic output data on Friday stirred speculation that the Federal Reserve could start to raise interest rates sooner than expected.By contrast, interest rates are expected to stay at record low levels in Central Europe, and also in the euro zone, as central banks ...

Sterling set for first daily fall vs euro in two weeks LONDON: Sterling was set for its first daily fall against the euro in two weeks on Monday, after data showed German inflation steadying in September and price rises slightly picking up speed in two German regions. Flash numbers for the euro zone as a whole due on Tuesday are expected to show inflation slowing to 0.3 percent this month, from 0.4 percent in August - well inside the European Central Bank's "danger zone" of below ...

Indonesia's central bank intervenes in market to stem volatility in rupiah JAKARTA: Indonesia's central bank said on Monday it intervened in the foreign exchange market by injecting dollars to stem volatility in the rupiah. "Bank Indonesia will not allow large fluctuation of rupiah by adding US dollar supply to the market," Mirza Adityaswara, senior deputy governor of Bank Indonesia, told Reuters. The rupiah was traded at 12,165 to the dollar, a seven-month low, due to political uncertainty and in response to the US dollar's broad strength. ...


 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln