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Dollar steadies ahead of Yellen appearances next week NEW YORK: The dollar stabilized Friday against other currencies as investors looked ahead to fresh comment next week from US Federal Reserve Chair Janet Yellen.Near 2200 GMT, the euro traded at $1.3882, down slightly from the $1.3888 Thursday.The dollar bought 101.65 yen, up from 101.55 of the Japanese currency.The euro traded at 141.11 yen compared with 141.04.The dollar tumbled the last two days after minutes from the Fed's March policy meeting released Wednesday suggested there was still little chance the Fed would significantly move up its timetable for raising benchmark interest rates.Most analysts expect such a move in late 2015.Kathy Lien, managing director for BK Asset Management, said the dollar remains pressured although "selling subsided" at the week's close.She said a shift in the Fed's stance could shake things up."If FOMC officials change the conversation from low rates for long to a rate hike in mid 2015, investors could be ...


Sterling slips after enjoying a good week on robust UK prospects LONDON: Sterling's rise against the dollar stalled on Friday after sharp gains this week, as investors paused for breath before taking fresh positions ahead of key UK data on jobs and inflation reports due next week. The pound slipped against the euro after data showed UK construction output contracted in February, but the drop was mainly because of bad weather. Most economists still forecast the economic rebound will gather momentum, and that is likely to ...

Dollar edges higher on equities gloom NEW YORK: The safe-haven US dollar rose on Friday, benefiting from a sell-off in equities around the world, as investors fretted about what seemed like overstretched valuations. Global equities fell to two-week lows, triggered by selling on Wall Street on Thursday. That spurred a broad risk-averse environment that led to sell-offs in higher-yielding and emerging market currencies. "Bad news for the world is good news for the dollar," said Steven Englander, managing director and global ...

C$ retreats a bit more; focus on central bank TORONTO: The Canadian dollar pulled back from recent strong gains for a second session on Friday as the market turned its attention to next week's Bank of Canada policy statement.South of the border, data showed producer prices had their largest increase in nine months in March. That report helped the US dollar trim some declines, putting further pressure on the loonie.Since hitting a 4-1/2 year low in mid-March, the Canadian dollar has climbed about 3 ...

Yen ends strong week with dip, euro grinds higher LONDON: The yen fell back a third of a percent against the dollar on Friday but remained on track for its best week since the start of March as a slump in confidence in US stock markets sent investors scurrying for traditional safe havens. The Australian dollar, one of the commodity-linked currencies often seen as a proxy for optimism over the global economy, fell almost half a percent overnight as the Nasdaq US tech stocks ...

Won leads Asia FX weekly gains, but rupiah down SINGAPORE: The South Korean won led weekly gains among emerging Asian currencies with funds flowing into the region's battered stocks and bonds, but the Indonesian rupiah on Friday hit a one-month low on election disappointment.The won ended local trading up 0.5 percent at 1,035.0 per dollar, its strongest domestic market close since August 2008, on exporters' demand for settlements.Foreign investors extended their buying spree in Seoul's main stock market to a 13th consecutive session, providing ...

Sterling slips, but heads for best week vs dollar since mid-February LONDON: Sterling's rise against the dollar stalled on Friday after sharp gains this week, as investors paused for breath before taking fresh positions ahead of UK data on jobs and inflation reports due next week. The pound slipped against the euro after data showed UK construction output contracted in February, but the drop was mainly because of bad weather. Most economists still forecast the economic rebound will gather momentum, and that is likely to keep ...


 



 
Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln