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Dollar holds near four-year highs, Europe stocks recover LONDON: The dollar held just below a four-year high against a basket of currencies on Friday, fuelled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates. European equities shrugged off a sharp sell-off in Asian and US markets overnight, clawing off one-month lows and led by euro zone banks, seen as the big winners of the European Central Bank's measures to prop up inflation and kick-start growth. US stock index futures pointed to a slightly firmer start on Wall Street after Thursday's sharp selloff triggered by Apple Inc and the rallying dollar. The dollar index, which tracks the greenback against a basket of major currencies, edged up to 85.278, not far from a four-year high of 85.485 hit on Thursday. The dollar is on track for its 11th successive weekly rise, something it has not achieved in four decades. ...


Dollar takes a breather in Asia TOKYO: The dollar took a breather in Asia on Friday after hitting a near two-year high against the euro in New York as the US economy shows further signs of strength.The single European currency was trading at $1.2749 in Tokyo Friday, up from a low of $1.2697 in US trade, which was its weakest level since November 2012. The euro also fetched at 138.86 yen against 138.62 yen.The greenback bought 108.92 yen, up from 108.73 ...

Dollar rises and euro sags as rate gaps widen NEW YORK: The dollar jumped on Thursday to fresh highs against other major currencies as investors betting European and American monetary policies are parting ways knocked the euro to an almost two-year low against the U.S. currency.The euro fell as far as $1.26955 on trading platform EBS, its lowest since November 2012. This helped push the dollar index, which measures the greenback against a basket of major currencies, to a four-year high of 85.485.Selling in ...

C$ softens to 6-month low; Fed expectations drive US win streak TORONTO: The Canadian dollar retreated to a six-month low against its US counterpart on Thursday, as the greenback powered higher on expectations that the Federal Reserve will likely end its bond-buying next month and begin raising the cost of borrowing next year.The US dollar's winning streak, on track to be the longest since the early 1970s, comes as the Canadian dollar faces pressure at home. A series of dovish comments from the Bank of Canada ...

Kenyan shilling weakens on end-month dollar demand by companies  NAIROBI: Kenya's shilling weakened in early trade on Thursday on demand for dollars from energy and telecoms firms, driving the currency close to levels where the central bank intervened with support last week.By 0809 GMT, the shilling was trading at 89.10/30, compared with Wednesday's close of 89.00/20. A week ago, the central bank sold dollars to help the currency when it fell to around 89.50."We are still slowly sliding. We see continued (dollar) demand from ...

Sterling eyes 2008 highs vs euro after dollar jump LONDON: Sterling hit its highest levels in two years against the euro on Thursday, making the single currency briefly worth less than 78 pence for the first time since July 2012.Along with a raft of other major currencies, the pound was lower against the dollar, but the contrasting outlooks for monetary policy in the euro zone and United Kingdom have taken sterling to within a whisker of highs not seen against the euro since the ...

Turkey's lira slips to 2.25 against dollar, weakest in 6 months ISTANBUL: The Turkish lira hit its weakest level in more than six months at 2.25 against the dollar on Thursday as the U.S. currency hovers near four-year highs against peers globally.Uncertainity across Turkey's southern border in Syria as the U.S. launches air strikes against Islamic State militants is a secondary risk factor for the lira, investors have said.Copyright Reuters, 2014


 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln