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Kenyan shilling steady, eyes on central bank NAIROBI: Kenya's shilling was steady early on Wednesday with investors and companies holding back on dollar purchases and keeping the currency below levels where the central bank intervened last week to sell dollars.By 0715 GMT, the shilling was trading at 90.05/15 to the US currency, little changed on Tuesday's close of 90.10/20."We have seen buyers stay on the sidelines at levels above 90," said Duncan Kinuthia, head of trading at Commercial Bank of Africa. "There is a fear the central bank could come in again as they don't seem to like these levels very much."Traders said the central bank intervened with dollar sales on Friday at around 90.30, a move which helped strengthen the shilling to below the 90-mark. It has weakened again since then.The central bank does not tend to comment on any intervention but has previously said it had enough reserves to support the foreign exchange market in ...


Yen weakens after BoJ meeting TOKYO: The yen slipped in Asia Wednesday after the Bank of Japan wrapped up a meeting with policymakers trimming their inflation expectations but holding off fresh easing, despite the economy slipping into recession.In Tokyo, the dollar rose to a fresh seven-year high of 117.40 yen after the announcement, up from 116.83 yen in New York.The euro also strengthened to 146.94 yen against 146.47 yen, while it edged down to $1.2516 from $1.2537 in US trade.The ...

Yen slips in wake of Japan's decision to delay sales tax rise SINGAPORE: The yen hit a fresh seven-year low versus the dollar on Wednesday, staying on the defensive after Japanese Prime Minister Shinzo Abe decision to postpone a sales tax rise was read as supportive of risk sentiment. The dollar rose to as high as 117.31 yen, its highest level since October 2007. The dollar last traded at 117.21 yen, up 0.3 percent on the day. The yen showed limited reaction after the BoJ kept policy ...

Australian & NZ dollars weighed by iron ore and dairy declines SYDNEY/WELLINGTON: The Australian and New Zealand dollars struggled to make friends on Wednesday, following another slide in commodity prices - particularly iron ore and dairy. The Australian dollar dropped to $0.8683, from $0.8728 in early trade, pulling away from a high of $0.8796 touched Monday. Support was found at $0.8667, and more solidly around $0.8637-40. It hit a four-year trough of $0.8540 earlier this month. Much of the weakness came after the price of iron ...

South Korean won falls to fresh 14 month low on yen weakness; shares lower SEOUL: The South Korean won fell to a fresh 14-month low on Wednesday, pressured by the yen slumping to a 7-year low against the dollar.The won was quoted at 1,103.2 to the dollar as of 0205 GMT, just off a session low of 1,104.6 which was the lowest level since Sept. 2, 2013.The local currency has fallen nearly 3 percent this month, squeezed by divergent directions between the increasingly hawkish U.S Federal Reserve and recession-hit ...

German data helps euro, Japanese politics dominate LONDON: The euro regained ground against the dollar on Tuesday after a better than expected survey of German economic sentiment while the yen touched a seven-year low after a snap election was called in Japan.The euro jumped around half a cent after the German ZEW index rose for the time in nearly a year. Most action was in the yen, however, which passed 117 per dollar, its lowest since 2007, and hit a six-year trough ...

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Tuesday on importer dollar demand, though moral suasion from the central bank prevented a steep decline in the local currency, dealers said.Dealers said the rupee was under pressure as imports continue to rise in a stable exchange rate regime and a low interest rate environment.The rupee will likely remain weak due to rising seasonal imports, at least through November and then start to inch up in December ...


 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln