All
 

 

Just in:  

You are here: Home»Markets»FXMM

Markets - FXMM

Archive

South Africa's rand muted, focus on Wednesday budget speech JOHANNESBURG: South Africa's rand traded cautiously against the dollar ahead of the budget speech on Wednesday in which Finance Minister Nhlanhla Nene is expected to keep his budget deficit target unchanged from October forecasts. South Africa's has been dogged by the uncomfortably high fiscal and budget deficits recently, often putting the currency under pressure in times of heightened global risk aversion.At 0710 GMT, the rand was at 11.4725 against the dollar, unchanged from last night's close in New York.The rand failed to make further gains overnight after receiving a lift on Tuesday supported by better-than-expected fourth quarter economic growth numbers. Traders cited caution hours before the budget speech."Of course all eyes and most importantly those of the credit rating agencies will be on the local budget speech this afternoon," said Warrick Butler, a trader at Standard Bank."The most important details to look out for will be the forecasts on the ...


Dollar slips on Fed chief's rate hike comments TOKYO: The dollar fell Wednesday as US Federal Reserve chief Janet Yellen hinted that a rate hike was unlikely before the summer, while the euro held up as Greece delivered a reform package critical to extending its bailout.In Tokyo, the dollar slipped to 118.78 yen from 118.94 yen in New York, as the euro ticked up to $1.1352 against $1.1342.The common currency weakened to 134.83 yen from 134.90 yen in US trading.At the start of ...

China's yuan falls, shrugs off stronger factory sector activity HONG KONG: China's yuan edged down against the dollar on Wednesday after the central bank set a weaker midpoint, shrugging off stronger-than-expected factory sector activity in February.The flash HSBC/Markit Purchasing Managers' Index (PMI) inched up to a four-month high of 50.1 in February, a whisker above the 50-point level that separates growth in activity from a contraction on a monthly basis.Economists polled by Reuters had forecast a reading of 49.5, little changed from January's final ...

Dollar slips on Fed chief's rate hike comments TOKYO: The dollar fell Wednesday as US Federal Reserve chief Janet Yellen hinted a rate hike was unlikely before the summer, while the euro held up as Greece delivered a reform package critical to extending its bailout.In Tokyo, the dollar slipped to 118.73 yen from 118.94 yen in New York, as the euro ticked up to $1.1347 against $1.1342.The common currency weakened to 134.73 yen from 134.90 yen in US trading.At the start of two ...

C$ jumps as market scales back rate cut expectations after Poloz  TORONTO: The Canadian dollar rallied against its US counterpart on Tuesday as markets scaled back expectations of another interest rate cut in March following comments from the Bank of Canada.BoC Governor Stephen Poloz said in a speech on Tuesday that last month's surprise rate cut bought the central bank time to see how the economy responds to the recent plunge in crude oil prices."We had speeches leading up to this one that sounded quite dovish ...

C$ extends gains after Poloz reaffirms rate cut ‘insurance’ TORONTO: The Canadian dollar strengthened to a session high against the U.S. dollar on Tuesday after Bank of Canada Governor Stephen Poloz reiterated the bank's position that the surprise interest rate cut in January bought time to see how the economy was responding to a decline in oil prices.The Canadian dollar hit C$1.2516 to the U.S. dollar, or 79.90 U.S. cents, stronger than prior to his comments and stronger than Monday's finish of C$1.2576, or ...

Dollar dips as Yellen gives no rate hike timing NEW YORK: The dollar weakened slightly against a basket of currencies on Tuesday, erasing earlier gains as Federal Reserve Chair Janet Yellen offered no commitment as to when the U.S. central bank might raise interest rates.The euro found support after euro zone partners approved Greece's reform plan, a requirement for the cash-strapped nation to receive a four-month extension to its bailout.A dollar rally has paused in recent days in the wake of weaker-than-expected data on ...


 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln