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Nigerian naira hits 2-week high LAGOS: Nigeria's naira currency firmed to its highest in more than two weeks against the U.S dollar on the interbank market on Monday, supported by dollar sales by two energy companies, traders said. The naira closed at 157.95 to the dollar on the interbank market, a level last seen on April 12. It had closed at 158.70 to the dollar on Friday. Dealers said a unit of ExxonMobil sold about $62.7 million, while Royal Dutch shell sold an undisclosed amount to some lenders, boosting dollar liquidity. The local currency had fallen to 159.02 last Thursday, its lowest in more than eight months against the dollar, on the back of strong demand by fuel importers and foreign investors repatriating their dividends back home. On the official window on Monday, the central bank sold $300 million at 155.75 to the dollar, compared with $272.25 million sold at the same rate at the ...


Sterling firm as chances of more monetary easing wane LONDON: Sterling hit two-and-a-half month highs against the dollar and a trade-weighted basket of currencies on Monday as investors cut bets on more monetary easing by the Bank of England in the near term. Better-than-expected British economic growth contrasted with below-forecast first-quarter gross domestic product in the United States and put the dollar under broad pressure. The pound could get a further boost if British purchasing managers' surveys (PMIs) on Wednesday, Thursday and Friday show ...

Australia & NZ dollars edge up, bond yields hit fresh lows WELLINGTON/SYDNEY: The Australian and New Zealand rose on Monday as a broadly weaker US dollar gave a boost to riskier assets, while the prospect of super easy monetary policies in Europe and United States benefited government bonds.The Aussie edged up to $1.0325, from $1.0287 early, while the kiwi rose 0.6 percent to a session high of $0.8529. Support was seen at $1.0250 and $1.0220, with resistance at $1.0320, ahead of $1.0350.Still, the Aussie was on ...

Baht up as fin min spurs short covering SINGAPORE: The Thai baht gained on Monday after the finance minister said he did not see immediate need to implement extra measures to curb the currency for now, but it gave up much of its initial rise on worries of official involvement and profit-taking.The Taiwan dollar hit a nine-week high and the South Korean won touched a one-month peak on demand from the countries' exporters for month-end settlements.The baht advanced as investors covered short-positions as ...

Euro rises after Italy forms government LONDON: The euro rose against the dollar on Monday, lifted by the formation of a government in Italy, but was held in check by expectations of a rate cut by the European Central Bank.Demand for bonds from the more indebted euro zone countries helped buoy the currency after centre-left politician Enrico Letta took over as Italy's prime minister, ending a deadlock.The euro was up 0.5 percent on the day at $1.3095, with hedge funds cited ...

Euro up against dollar ahead of US Fed meeting SINGAPORE: The euro rose against the dollar in Asia on Monday after data showed the US economy grew at a slower rate in January-March than forecast, while eyes are on a key Federal Reserve meeting, analysts said.The euro fetched $1.3049 in afternoon Asian hours from $1.3029 in late New York trade Friday, while the dollar was changing hands at 97.66 Japanese yen from 97.99 yen.The single European currency was at 127.44 yen from 127.76 yen ...

Swiss franc gains vs dollar amid US growth worries ZURICH: The Swiss franc strengthened against the dollar on Monday as traders continued to reduce their exposure to the greenback after data last week showed the US economy grew at a slower-than-expected pace in the first quarter.The greenback retreated after data on Friday showed US gross domestic product expanded at a 2.5 percent annual rate in the first quarter, falling short of market expectations for 3.0 percent growth.The Swiss currency has broadly tracked the euro ...


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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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
WeeklyOctober 23, 2014
Reserves $13.465 bln