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Euro near 4-month low on signs of flight-to-quality TOKYO: The euro hovered near four-month lows against the dollar on Friday, beset by political deadlock in Italy and worries huge losses Cypriot depositors have been forced to stomach as part of a bailout could unnerve investors in other euro zone debt.The market has so far shown a limited response to escalating geopolitical tension after North Korea said it had put rocket units on standby to attack US military bases in South Korea and the Pacific.The euro stood at $1.2813, little changed from late US levels, though trade was thin, with many markets closed for Good Friday.The euro was poised to end the first quarter recording a roughly 2.9 percent loss against the dollar, its first quarterly decline since the second quarter of 2012."The euro appears to be stabilising just for now, but European bond markets are clearly showing a rather different picture," said Daisuke Uno, chief strategist at Sumitomo ...


Dollar slightly extends losses after US data NEW YORK: The dollar slightly extended losses versus the euro and marginally extended losses versus the Japanese yen on Thursday after US data.The number of Americans filing new claims for unemployment benefits rose more than expected last week, but probably not enough to suggest the labor market recovery was taking a step back.Separate data showed the US economy expanded at a sluggish pace in the fourth quarter although a big gain in business investment and ...

India rupee rises; dollar inflows cushion rupee in March quarter MUMBAI: The Indian rupee pared early losses to close slightly stronger against the dollar on Thursday, in the last trading session of the fiscal year, tracking a recovery in domestic shares and dollar sales by exporters.Despite negative developments this month, including the withdrawal of a key ally from the ruling coalition and the cautious tone of the Reserve Bank of India on monetary policy, the rupee was down by a marginal 1.3 percent in the ...

Euro under pressure in Asia on Cyprus, Italy worries TOKYO: The euro came under further selling pressure in Asia Thursday owing to concerns about Cyprus as it prepares to reopen its banks after the weekend bailout, while political uncertainty in Italy also weighed.After dropping below $1.28 for the first time in four months on Wednesday, the euro fetched $1.2785 and 120.33 yen in Thursday morning Tokyo trade, compared with $1.2779 and 120.63 yen in New York a day earlier.The greenback also weakened to 94.10 ...

Cyprus bank, Italy worries send euro lower NEW YORK: The euro sank again Wednesday to below the $1.28 line as worries increased ahead of the reopening of Cyprus banks and as Italy's center-left leader Pier Luigi Bersani struggled to form a coalition.At 2200 GMT the euro was trading at $1.2779 compared to $1.2861 late Tuesday. The yen gained more ground as a safe-haven despite more statements from the new Bank of Japan chief in favor of a weaker currency.The yen edged higher ...

Euro sinks to 4-month low vs dollar on Cyprus, Italy woes NEW YORK: The euro fell to its lowest level against the US dollar in four months on Wednesday, weighed by a weak Italian bond auction and concerns that Cyprus' recent rescue deal could serve as the pattern for future bailouts in the region.Italy paid more to borrow over five years than it has since October as lack of progress in forming a new government and worries about Cyprus' bailout hurt demand at a debt auction.Italian ...

South Africa's rand weaker as euro zone fears linger JOHANNESBURG: South Africa's rand softened against the dollar on Wednesday, weakened by concerns about the financial stability of its main trading partner Europe after the Cyprus bailout deal.The rand traded at 9.278 against the dollar at 0642 GMT, about 0.41 percent weaker than Wednesday's 9.2425 close in New York."The euro is really struggling to maintain any sort of headway at the moment, the comments that keep coming out of Europe are not good," said Ion ...


 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





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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