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South Africa's rand eases on US rate hike jitters, stocks fall JOHANNESBURG: South Africa's rand ended a five-day winning streak to the dollar on Monday as the dollar firmed one the likelihood of a December rate hike by the US Federal Reserve and its negative impact on emerging markets. Resource stocks pulled the bourse lower as base metals fell to multi-year lows on worries that the surge higher in the dollar will deter producers from making supply cuts in a market battling poor demand, especially in top user China. By 1621 GMT, the rand fell 1 percent to 14.0940 per dollar, which firmed to just shy of a seven-week high The rand had raced to a two-week high in the wake after South Africa lifted rates by 25 basis points last Thursday. "Markets are going to cruise around this range, especially going into US nonfarm payrolls on next Friday (Dec. 4), plus there's also the Fitch and S&P reports to come," ...

Dollar gains as weak US data fail to dampen Fed hike view NEW YORK: The dollar rose to a seven-month high on Monday, as unusually hawkish comments from a regional US Federal Reserve president over the weekend further cemented expectations of an interest rate hike next month. San Francisco Fed President John Williams on Saturday cited a "strong case" for raising rates when Fed policymakers meet next month, as long as US economic data does not disappoint. Williams, a voting member of the Federal Open Market Committee, ...

Sterling starts week on soft footing LONDON: Sterling edged down against both the dollar and euro on Monday, with investors eyeing testimony from the heads of the British finance ministry and Bank of England (BoE) later in the week for direction.The pound had hit a three-month high last week against the euro and a trade-weighted basket of currencies as expectations grew that policy would be eased still further in the euro zone, Britain's main trading partner.By contrast, the next policy move ...

Euro survives first attack on $1.06 LONDON: The euro was marginally steadier in early trade in Europe on Monday after hitting its lowest in more than 7 months in Asian time, traders with interest from options markets repelling a first attack on $1.0600. Robust sentiment surveys from the euro zone offered the single currency support, but traders and analysts were reluctant to predict any bounce before a European Central Bank meeting next month that is expected to ease monetary policy.Latest positioning ...

Dollar up on rate rise as markets slow ahead of Thanksgiving SINGAPORE: The dollar rose against the yen and emerging Asian currencies on Monday, boosted by a looming US interest rate hike, but analysts said liquidity will be thin ahead of the Thanksgiving holiday.Mounting expectations the US will raise interest rates for the first time in almost a decade next month have driven the greenback higher.San Francisco Fed president John Williams fuelled bets for a rate rise this weekend when he said there was a "strong ...

Egyptian pound steady at auction and on parallel market CAIRO: Egypt's central bank kept the pound steady at 7.7301 to the dollar at its official foreign currency auction on Sunday, less than two weeks after surprising the market by strengthening it.The central bank sold 37.8 million dollars at a cut-off price of 7.7301 pounds to the dollar. Earlier this month it strengthened the pound by 20 piasters from 7.9301.Egypt, which is heavily dependent on imports for food and energy, is facing a dollar shortage ...

Ugandan shilling firms slightly on liquidity mop-up KAMPALA: The Ugandan shilling was slightly firmer on Friday, due to the central bank mopping up excess liquidity but was seen under pressure from commercial banks buying the dollar, spurred by the International Monetary Fund cutting economic growth forecasts. At 0921 GMT commercial banks quoted the shilling at 3,360/3,370, stronger than Thursday's close of 3,375/3,385. "The shilling strengthening is on the back of liquidity mop-up," said Shahzad Kamaluddin, a trader at Crane Bank. The Bank ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln