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South Africa's rand holds its own despite global tensions, local strike JOHANNESBURG: South Africa's rand traded virtually unchanged against the dollar on Tuesday, with market watchers expecting the currency to stay in narrow ranges given a lack of significant news to steer it.The rand has been resilient despite general global risk aversion spawned by political tensions in Ukraine and the Middle East, coupled with a domestic wage strike by metals and engineering workers now entering its fourth week.At 0647 GMT the currency traded at 10.6125 versus the greenback, just 0.09 percent off its previous close and within easy reach of Monday's three week high of 10.5975.Analysts said global markets were mainly focussed on U.S. consumer inflation data on Tuesday which could give pointers on when the Federal Reserve will start raising rates."The bigger worry for the rand remains an about-turn from the Fed on inflation risks and resultant re-pricing in the Treasury market which would negatively impact on capital flows towards ...


Sri Lanka rupee steady near 3-week low; seen facing downward pressure COLOMBO: The Sri Lankan rupee traded steady near its three-week low on Tuesday in dull trade, but dealers said the currency could face some downward pressure during the week due to import bills.The rupee was at 130.29/32 per dollar at 0632 GMT, little changed from Monday's close of 130.30/32. Early last week, it hit a more than one-year closing high."We do not see much pressure on the currency. But there are some heavy import bills ...

Aussie ticks higher, yen eases back LONDON: The Australian dollar rose on Tuesday, the main mover on developed world currency markets, after the country's central bank chief said he was happy with current interest rate levels and made no attempt to talk down the currency.The yen was a touch lower after a couple of days of raised nerves over the situation in Ukraine and Gaza that had driven the traditional safe haven close to its highest in two months against the ...

Kenyan shilling steady, seen in tight range NAIROBI: The Kenyan shilling was treading water against the dollar on Tuesday and looked likely to stay in a tight range in coming days as the market expects the central bank would step in to keep it from appreciating, traders said.At 0715 GMT, commercial banks quoted the shilling at 87.75/85 to the dollar, unchanged from Monday's close."It's going to be range bound for now," said Andlip Nazir, senior trader at I&M Bank.Traders forecast a range ...

Dollar index rises to 6-week high LONDON: The dollar index rose to a six-week high on Tuesday, buoyed by its gains against the euro as speculators bet on a robust inflation reading in the United States to contrast with the very low price growth in the euro zone.Both headline and core consumer price index rates are seen steady at 2.1 percent and 2.0 percent respectively, with stronger data likely to push the euro below key support in the $1.3475/80 area, traders ...

Rupiah gives up gains in choppy trade; baht hits 8-month high SINGAPORE: The Indonesian rupiah shed its earlier gains in volatile trading ahead of an announcement to declare the winner of the country's closely fought presidential election.The likely loser, former general Prabowo Subianto, refusing to concede defeat, made a last-gasp attempt to delay the announcement of the official results due on Tuesday.An official from his party, however, later said Prabowo has withdrawn his presidential candidacy after denouncing the election process as undemocratic.It was not clear how ...

Sterling near two-year high vs euro, caution on Scotland LONDON: Sterling edged towards a two-year high against the euro on Tuesday as hedge funds and speculators sold the single currency against the dollar and pound, betting euro zone monetary policy would stay loose.The risk of a surprise in September's referendum on independence for Scotland kept two-month sterling/dollar implied volatility close to Monday's five-week highs.While recent UK economic data has been mixed, June inflation was a higher-than-expected 1.9 percent, just shy of the Bank of ...


 



 
Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln