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Euro slips, yen mixed after Kuroda picked for BoJ   NEW YORK: The dollar gained on the euro Thursday despite a less-than-expected upward revision to US fourth-quarter economic growth and the expected onset of the steep "sequester" US government spending cuts on Friday.   The yen, meanwhile, was little-changed after Japan's Prime Minister Shinzo Abe, as expected, nominated Haruhiko Kuroda to lead the Bank of Japan.   Kuroda, the head of the Asian Development Bank, was expected to further Abe's effort to stir up growth with more easy-money stimulus and a lower yen, after Kuroda's predecessor resisted what he saw as excessive monetary easing.   At 2200 GMT the euro was at $1.3062, compared with $1.3136 late Wednesday.   The euro fell to 120.95 yen from 121.07 yen, while the dollar rose to 92.58 yen from 92.16 yen.   Kathy Lien of BK Asset Management said that Kuroda, who still faces confirmation hearings in the Japanese legislature, had yet to speak out on policy.   But comments from other BoJ and government ...


C$ half cent weaker after US GDP data disappoints TORONTO: The Canadian dollar was trading near eight-month lows against the US dollar on Thursday as lackluster US data and ongoing bearish sentiment kept the currency under pressure.The currency weakened after data showed the US economy, the biggest single destination for Canadian exports, barely grew during the fourth quarter. US growth came in below what economists had expected and slipped to the slowest rate since the first quarter of 2011.The US data overshadowed news that ...

India rupee drops as FY14 budget disappoints; spending increased MUMBAI: The Indian rupee weakened sharply on Thursday, retreating from a three-week high hit earlier, after the 2013/14 budget increased spending despite keeping fiscal deficit targets in place, while measures to attract foreign flows were seen as limited.For the fiscal year starting in April, India proposes to raise spending by funding it with higher revenues in a budget aimed at reviving growth.Although the fiscal deficit target was maintained at 4.8 percent of gross domestic product, ...

China money rates mostly up, PBOC neutral operations disappoint SHANGHAI: Most of China's money market rates rose on Thursday after the People's Bank of China (PBOC) refrained from injecting liquidity into the market, traders said.The central bank neither drained nor injected funds into the money market in regular weekly open market operations on Thursday, confounding widespread expectations that it would inject cash into the market due to a liquidity squeeze, which have seen money rates surge to high levels this week."There had been many ...

Euro trims gains vs as Draghi says ECB far from easy policy exit           NEW YORK: The euro pared gains against the dollar on Wednesday after European Central Bank President Mario Draghi said the bank is far from exiting its accommodative monetary policy.   He added that recovery in the euro zone is going slowly and expects the beginning of that rebound only in the second half of the year.   The euro dropped as low as $1.3083 after Draghi's remarks from about $1.3100 just before. It was last at $1.3090, up 0.2 ...

Euro extends gains vs US dollar, hits session high   NEW YORK: The euro extended gains against the dollar on Wednesday, hitting session highs, lifted by sharp gains in US equities as investors grew more comfortable with putting risk back on the table.   The euro rose as high as $1.3136, up 0.5 percent. Copyright Reuters, 2013

Euro climbs but gains likely capped by Italy concerns           NEW YORK: The euro rose against the dollar on Wednesday, bolstered by solid demand for Italy's first bond sale since its general elections, but the current political uncertainty in the euro zone's third-largest country will likely contain any upside.   Robust demand for Italy's bonds despite a rise in the country's 10-year debt costs helped spur buying in the euro, which had fallen nearly 1.0 percent against the dollar on Monday in the wake of Italy's inconclusive ...


 



 
Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln