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South Africa's rand firmer as US data disappoints JOHANNESBURG: The rand firmed to a six-week high against the dollar on Tuesday as durable goods orders in the United States came in below estimates.The rand raced to 10.8850 against the dollar from a New York close of 10.9410, shortly after the U.S. Commerce Department said non-defense capital goods orders fell 1.7 percent in September- its biggest drop in eight months."The magnitude of the surprise in the U.S. data would have unsettled market participants, especially as it comes so close to the Fed's policy meeting," said Sean McClagan, an economist at ETM Analytics.The durable goods figure confounded Wall Street's expectations for a 0.6 percent gain and comes on the same day that the U.S. Federal Reserve's policy-setting group begins a two-day meeting.The Fed will release a statement on Wednesday, with market-watchers expecting the central bank to signal that it is not yet ready to start raising interest rates.By 1508 GMT ...


Kenyan shilling firms, offshore interest in bond seen helping  NAIROBI: Kenya's shilling strengthened on Tuesday, helped in part by expectations of hard currency inflows from offshore investors in a 12-year government infrastructure bond worth 20 billion shillings ($224.22 million).By 0805 GMT, the shilling was trading at 89.20/30 to the dollar, compared with Monday's close of 89.35/45.The bank said the bond will have an 11 percent coupon, and bids will be received up to Nov. 20, or until the amount is allocated to bids once ...

Saudi riyal market calms after jolt due to capital outflow DUBAI: The Saudi Arabian riyal spot and forward markets calmed on Tuesday after being jolted last week by unexpectedly large outflows of funds from the kingdom, traders said.Last Wedesday, the riyal tumbled unusually far beyond its peg of 3.75 against the U.S. dollar in the spot market, to as low as 3.7530. In the previous several years, the rate had never moved beyond 3.7510.The spot market pressure triggered a move in the forward market, where ...

Ugandan shilling falls on rising dollar demand by importers KAMPALA: The Ugandan shilling weakened on Tuesday due to end-month dollar demand from manufacturing and energy importers and traders said the central bank could intervene by selling dollars to help the shilling.At 1000 GMT commercial banks quoted the shilling at a five-day low last seen on Oct. 22 of 2,708/2,718, weaker than Monday's close of 2,702/2,712.Prior to its decline this past week, the shilling last traded weaker than 2,700 to the dollar in January 2013."Pressure ...

Rouble hits new low vs dollar, bucks steady EM trend LONDON: The Russian rouble fell 0.7 percent to another record low against the dollar on Tuesday despite central bank interventions, remaining the main outlier in the generally steady emerging markets asset class.Most emerging assets were rangebound ahead of a meeting of the U.S. Federal Reserve which is widely expected to end its six-year money-printing programme on Wednesday. But the overall bias was firmer, helped by Chinese markets and a conviction that the Fed is in ...

Sweden's crown slides as Riksbank cut rates to zero LONDON: The Swedish crown hit a four-year low against the dollar and a four-month trough against the euro on Tuesday after Sweden's central bank surprised investors by cutting interest rates to a record low of zero percent.Most analysts had forecast the Riksbank would lower its main interest rate, the repo rate, to 0.1 percent from 0.25 percent to fight a risk of deflation, and the central bank went a step further by forecasting a lower ...

Rouble slides, pressure builds on central bank before meeting MOSCOW: The rouble weakened against both the dollar and the euro in early trade on Tuesday, extending losses from the previous session and adding further pressure on the central bank ahead of its rate meeting later in the week.At 0740 GMT, the rouble was 0.41 percent weaker against the dollar at 42.45 and lost 0.6 percent to trade at 53.99 versus the euro.That left the currency 0.51 percent weaker at 47.65 against the dollar-euro basket ...


 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln