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Dollar climbs off post-Fed low, near-term outlook unclear NEW YORK: The edged up further from a seven-month low against a currency basket on Friday though investors remained cautious given ongoing uncertainty over the US Federal Reserve's stimulus and looming congressional budget battles.The dollar touched a one-week high against the yen and rose against the euro after St. Louis Fed President James Bullard said it was possible the Fed might start to scale back bond purchases at its October meeting, depending on US economic data..But many investors are cautious about Fed officials' speeches given the market's shock when the Fed did not begin to slow its stimulus at this week's meeting, something many had bet on.Although the dollar saw broad gains, analysts said it was likely to remain weighed-down near term by the lack of clarity from the Fed after the US central bank unexpectedly maintained bond purchases at $85 billion a month on Wednesday.Added to that uncertainty ...

Turkish lost assets momentum in financial markets ISTANBUL: Turkish financial markets lost momentum on Friday after the US Federal Reserve prompted the biggest daily gains for the lira and Istanbul stocks in more than three years in the previous session.The Fed's decision to postpone the scaling back of its economic stimulus gave Turkey some breathing space after months when investors have worried about how the country will finance its large current account deficit once the cheap Fed money which has bolstered its ...

Sri Lanka rupee firmer on dollar sales by banks, exporters COLOMBO: The Sri Lankan rupee traded firmer on Friday as dollar sales by banks and exporters helped to ease pressure on the currency after the Federal Reserve's surprise decision to stick to its stimulus programme.The rupee spot traded at 132.10/20 by 0809 GMT, compared with Wednesday's close of 132.20.Sri Lankan markets were closed on Thursday.Dealers said the three-day forward, or spot-next, was also active on Friday in the absence of inactive spot trade, and traded ...

Sterling rises, helped by comments from Bank of England's Miles LONDON: Sterling rose on Friday, helped by a Bank of England policymaker who stopped calling for more stimulus this month saying Britain's economy was on course for a more self-sustaining recovery.BoE Monetary Policy Committee member David Miles told Reuters a turnaround in the economy was the main reason he had dropped his call for further bond buying. He reiterated that a strong pound would help bring down inflation.The comments came after BoE minutes earlier this ...

Indian rupee weaker ahead of central bank rate decision MUMBAI: The Indian rupee was weaker in early trade on Friday ahead of the central bank's rate decision due at 0530GMT.The rupee was at 62.08/12 versus Thursday's close of 61.77/78.The central bank is widely expected to keep its key policy rate steady at 7.25 percent. However, hopes have risen that the Reserve Bank of India will scale back some of its cash tightening steps.Bond yields rose with the benchmark 10-year bond yield up 2 basis ...

Dollar holds firm in Asian trading after Fed slump TOKYO: The dollar held firm in Asia on Friday, boosted by upbeat US jobs and housing data after slumping on the Federal Reserve's surprise decision to keep its stimulus drive intact.The greenback was at 99.32 yen in Tokyo afternoon trade, slightly down from 99.38 yen in New York but well above the low 98-yen range Thursday morning.The euro bought $1.3533 and 134.42 yen, against $1.3531 and 134.57 yen in US trade."The US dollar found some ...

Dollar rebounds after steep losses, but outlook bleak NEW YORK: The dollar recovered on Thursday, a day after incurring sharp losses following the Federal Reserve's shock decision to keep its stimulus program intact, but the currency's prospects remained bleak with US interest rates seen staying low for some time.Fed Chairman Ben Bernanke, pointing to tightening financial conditions, on Wednesday refused to commit to reducing the bond purchases this year. The Fed also cut growth forecasts for 2013 and 2014, citing strains in the ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln