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Dollar dips as investors expect new Fed stimulus  NEW YORK: The dollar dipped against other major currencies Monday as investors bet the Federal Reserve would provide more stimulus to the lackluster US economy at its rate-setting meeting this week.   The euro was buying $1.2939 at 2200 GMT, up from $1.2928 at the same time Friday.   Against the Japanese currency, the European currency weakened to 106.53 yen from 106.64 yen late Friday, while the dollar edged down to 82.33 yen from 82.46 yen.   "We believe the weakness in the greenback reflects the market's expectations for easier monetary policy from the Fed," said Kathy Lien of BK Asset Management.   The US central bank's policy-setting Federal Open Market Committee opens a two-day meeting Tuesday. Stubborn high unemployment and the looming fiscal cliff challenge give the Fed every reason to expand its stimulus efforts, analysts said.   Gathering just before its "Twist" asset-swap operation expires at year-end, there are signs the FOMC will replace it with more outright ...


Peru LIMA: Peru's banking regulator further restricted the ability of banks to make big bets in the currency market on Monday in the government's latest move to blunt the sol's gains to a 16-year-high.   Under the new rule, which Peru's SBS banking regulator had circulated for a hearing period in October, banks' positions in derivatives will be limited to 20 percent of their assets as defined by regulators or 300 million soles ($116 million).   The previous limit had ...

S.Africa JOHANNESBURG: The rand weakened against the dollar on Monday after hitting resistance at the 8.65 level which looks to hold until key data in the middle of the week.   Long-dated government bonds extended a recent rally to an over two-month high on Monday narrowing the spread differential between the government 14- and 3-year benchmarks to a four month low.   The rand was down 0.5 percent to 8.6960 to the dollar at 1545 GMT. It bounced off 8.6520 ...

Turkish bond yields, lira dip as low growth data buoys rate cut expectations  ISTANBUL: The Turkish lira eased and bond yields slipped on Monday, as weak growth and industrial output data boosted prospects of the central bank cutting rates in December to counter a slowdown in the economy.   Turkish gross domestic product growth slowed to 1.6 percent year-on-year in the third quarter from 3 percent in the second quarter and industrial production slumped 5.7 percent year-on-year in October, data showed.   Analysts polled by Reuters saw growth of 2.6 percent in ...

Gilts track Bunds higher as Monti raises Italy uncertainty  LONDON: Gilts followed German Bunds higher on Monday, after Italian Prime Minister Mario Monti's decision to resign early cast a shadow over the country's political future, supporting the bid for safe-haven assets.   Monti said he would resign once Italy's budget for 2013 is approved on Saturday, raising concerns over who will steer the euro zone's third-largest economy out of debt, as it remains a focus of the three-year region-wide debt crisis.   "Italy (is) causing renewed pessimism in ...

Swiss franc tracks euro lower against dollar  ZURICH: The Swiss franc slipped against the dollar on Monday, moving in tandem with the euro which dipped after an offer by Italian Prime Minister Mario Monti to resign renewed concern about the euro zone's debt crisis.   The franc has shadowed the euro since Swiss National Bank imposed a lid on the safe-haven currency at 1.20 per euro in September 2011 to try to prevent deflation and a recession.   The SNB is expected to reiterate its commitment ...

South Korea won touches 15-mth high amid govt warning; bonds slide  SEOUL: The South Korean won  climbed to a 15-month high against the dollar on Monday and bond prices fell as appetite for emerging market currencies seen as risky rose after better than expected US employment data.   But gains were capped by a warning from the government that it would start checking banks' daily foreign-exchange derivatives positions as part of efforts to curb rapid foreign capital inflows which have pushed the won nearly 7 percent higher against ...


 



 
Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln