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Australia dollar stuck in the doldrums, NZD also soft SYDNEY/WELLINGTON: The Australian dollar slipped to fresh one-week lows on Monday, falling for a fifth session in a move that is likely to fuel its retreat from a two-month peak.Not helping the Aussie was persistent weakness in iron ore prices, which plumbed fresh lows on Friday amid worries about a supply glut. Iron ore is Australia's top export earner.The Aussie last stood at $0.7716, down from $0.7745 late in New York on Friday. It fell as far as $0.7712 and was well off the two-month high of $0.7939 set last Tuesday.Traders said Chevron's sale of its stake in Caltex Australia Ltd. for A$4.7 billion ($3.6 billion) - Asia's biggest block deal this year - might also have contributed to the Aussie's heavy tone."Naturally, there are some currency implications on these types of deals to be expected, and currency traders will likely start speculating how much of the impact of this ...

Egyptian pound steady on official, stronger on black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday, and the domestic currency strengthened on the black market.The central bank has kept the official exchange rate steady for more than a month after letting the pound weaken in an attempt to wipe out black-market trading.The bank said it offered $40 million at auction and sold $38.7 million at a cut-off price of 7.5301 ...

C$ weakens on cheaper oil, eye on GDP next week TORONTO: The Canadian dollar fell against its US counterpart on Friday, sideswiped by retreating oil prices and facing concern that Canadian economic growth data next week could show more weakness.Brent oil fell below $50 a barrel after spiking higher on Thursday on Saudi-led air attacks in Yemen.Canada is a major oil producer and its currency had risen on Thursday along with oil prices on news of the air strikes, with market participants concerned over crude ...

Dollar ends week lower after Yellen comments have muted impact NEW YORK: The US dollar edged lower against a basket of major currencies on Friday after traders were reluctant to buy the greenback ahead of US jobs data next week, and after comments from Federal Reserve Chair Janet Yellen. Yellen said the Fed is giving "serious consideration" to beginning to reduce its accommodative monetary policy and a rate hike may be warranted later this year, although a downturn in core inflation or wage growth could ...

Sterling inches down vs broadly stronger dollar, eyes on BoE LONDON: Sterling inched down against a broadly stronger dollar on Friday but was higher against the euro with traders' eyes glued to speeches by Bank of England officials for more guidance on a cloudy policy outlook.Policymakers' output will be traditionally restrained over the next six weeks as Britain heads into a closely-fought general election that has driven the cost of hedging against volatility in the pound to its highest in almost four years.Analysts have been ...

Yen resumes Yemen crisis rally TOKYO: The yen resumed its rally on Friday after getting a boost in US trade over fears that the Yemen crisis will explode into a wider Middle East conflict.While the Japanese currency weakened in morning Tokyo trade, it picked up in the afternoon with the dollar sitting at 119.15 yen, down from 119.18 yen in New York.The euro also slipped to 129.61 yen, from 129.71 yen, and $1.0880, slightly off from $1.0884.US traders on Thursday ...

Australia and NZ dollars stay subdued, Fed in focus SYDNEY/WELLINGTON: The Australian dollar eased on Friday, continuing to pull back from a two-month peak set earlier in the week as investors reassessed their positions ahead of a speech by Federal Reserve Chair Janet Yellen.The Australian dollar last traded at $0.7795, down 0.4 percent on the day.It has fallen more than 1 percent since hitting $0.7939 on Tuesday, hurt in part by a fresh decline in iron ore prices. On the week, it is still ...


Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln