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Dollar broadly weaker in Asian trade TOKYO: The dollar broadly weakened against its Asian peers on Monday, fuelled by persistent worries over China's economy ahead of a crucial US interest rate decision later this week.Nervous traders moved into safer assets, pushing up the Japanese currency to 120.30 yen against the dollar, compared with 120.57 yen Friday in New York.The yen is considered a safe bet in times of turmoil.The euro was at 136.55 yen compared with 136.64 yen, and rose to $1.1341 from $1.1333 in US trade.The possibility of a US rate hike has kept global markets on edge, with analysts split over whether the Federal Reserve will take that step on September 17 or not."It's hard to justify that a US rate hike is the right move at this time," Derek Mumford, director at Rochford Capital in Sydney, told Bloomberg News."There could be some squaring of positions prior to the decision and keep the US ...

C$ weakens as oil price falls TORONTO: The Canadian dollar weakened against its US counterpart on Friday as the price of oil fell after Goldman Sachs cut its crude forecast, but trading in the currency will likely be muted ahead of next week's US Federal reserve rate decision.The currency is heading for a flat week, with a Bank of Canada policy update on Wednesday providing little direction.The conviction among Wall Street banks that the Fed will hike rates next week has ...

Ugandan shilling flat, focus on central bank dollar purchases KAMPALA: The Ugandan shilling was stable on Friday, supported by subdued demand for the dollar, but traders said it was likely to come under pressure again next week when the central bank resumes its dollar purchasing programme. At 0927 GMT commercial banks quoted the shilling at 3,660/3,670, unchanged from Thursday's close. "One key factor to look out for is a signal from Bank of Uganda on resumption of the reserve build up," said Stephen Kaboyo ...

Sri Lankan rupee hits record low on importer dollar demand COLOMBO: The Sri Lankan rupee fell 0.25 percent on Friday, hitting a record low as late importer dollar demand outpaced greenback conversions from exporters, dealers said. The rupee is expected to fall further in the short term if the central bank fails to tighten interest rates or the country does not see strong inflows soon, some dealers said. The spot rupee ended at 139.30/50 per dollar surpassing its pervious all-time low of 139.00 hit on ...

South Korea won rises, tracking Chinese yuan; shares lose ground SEOUL: The South Korean won joined most its regional peers in strengthening against the dollar on Friday, led by the Chinese yuan.Market reaction was largely muted following the Bank of Korea's decision to hold interest rates steady and remarks from its governor.The won closed local trade up 0.8 percent to 1,184.5 per dollar. The won also climbed 0.8 percent for the week.On the stock market, Seoul shares ended down 1.1 percent to 1,941.37 points on ...

Dollar broadly lower as traders move to riskier currencies TOKYO: A broadly upbeat mood across Asian markets helped boost higher-risk currencies Friday, although analysts said traders were on edge ahead of a possible US interest rate hike next week.The upbeat mood comes at the end of a week of high global volatility caused by the Chinese economic crisis and uncertainty about the Federal Reserve's rate plans.The yen, considered a safe bet in times of turmoil, retreated, with speculation growing that the Bank of Japan ...

C$ lifted by oil but gains not expected to last OTTAWA: The Canadian dollar firmed against the greenback on Thursday, lifted by higher oil prices, although the strength was not expected to last as investors try to gauge whether the US central bank will hike interest rates as early as next week.The loonie is down nearly 14 percent for the year so far, but it has traded largely sideways in recent weeks despite some big day-to-day swings.After the Bank of Canada held interest rates steady ...


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln