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A$, NZ$ close to multi-week peaks on USD  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held close to multi-week highs on Tuesday, drawing support from expectations of fresh US economic stimulus measures, though investors kept a wary eye on developments in Italian politics.   The Aussie paused at $1.0479, from $1.0485 early, having risen as high as $1.0506 overnight. It remained very close to an 11-week peak of $1.0515 set last week.   Investors were seen reluctant to take big bets ahead of a two-day US Federal Reserve meeting, which begins on Tuesday.   There is speculation the Fed could surprise by bumping up its monthly bond purchases above $45 billion to press borrowing costs lower. Such an outcome could see the greenback come under pressure and send commodity currencies higher.   For now, traders said the Aussie was hemmed in by central bank and option players on both sides of the market.   There was talk of large option barriers at $1.0525 and $1.0550, while immediate support ...


A$, NZ$ near multi-week peaks on USD  SYDNEY/WELLINGTON: The Australian and New Zealand dollars held close to multi-week highs on the greenback on Tuesday even as investors kept a wary eye on developments in Italian politics, having shrugged off China's weaker-than-expected trade figures.   Aussie a touch lower at $1.0472 vs $1.0485 early, having risen as high as $1.0506 overnight, very close to an 11-week peak of $1.0515 set last week.   Traders said Aussie hemmed in by central bank and option players on both sides ...

Yuan rebounds; revived dollar demand restores liquidity  SHANGHAI: The yuan rebounded sharply on Tuesday, recovering most of the ground lost during a late-day tumble on Monday afternoon that was apparently orchestrated by the central bank.   Despite the yuan's gains on Monday, traders say that revived dollar demand is what has restored liquidity to the market following weeks of near paralysis.    On Monday afternoon, the People's Bank of China (PBOC) apparently stepped in to act as dollar-buyer of last resort and jumpstart trading, after the ...

Euro slips in Asian trade  TOKYO: The euro was weaker in Asian trading on Tuesday, weighed by worries over Italian Prime Minister Mario Monti's decision to quit, while traders kept a close eye on the Fed's two-day policy meeting.   The 17-nation currency bought $1.2932 and 106.50 yen, from $1.2939 and 106.53 yen in New York late Monday.   The dollar bought 82.32 yen, nearly flat with 82.33 yen in US trading.   Investors are betting that the US Federal Reserve would provide more stimulus to ...

BoE NEW YORK: The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year.   "You can see, month by month, the addition to the number of countries who feel that active exchange rate management, always to push their exchange rate down, is growing," Mervyn King said in a speech.   "My concern is that ...

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 ...

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 ...


 



 
Index Closing Chg%
Arrow DJIA 17,106.70 0.17
Arrow Nasdaq 4,570.64 0.29
Arrow S&P 2,000.02 0.11
Arrow FTSE 6,822.76 0.70
Arrow DAX 9,588.15 0.82
Arrow CAC-40 4,393.41 1.18
Arrow Nikkei 15,521.22 0.59
Arrow H.Seng 25,074.50 0.37
Arrow Sensex 26,442.81 0.02





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln