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Dollar little changed as Yellen gives no rate hike timing NEW YORK: The dollar was up slightly against a basket of currencies on Tuesday, almost 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 the world's biggest economy and as investors awaited clues this week from Yellen's testimony to two congressional panels."The testimony is not giving any concrete timing on ... a rate hike. It's very cautious and very couched," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.In the currency market, some traders have bet the Fed might end its long-standing near-zero rate policy as early as June. Others anticipate ...


Russia's ruble slides on 'junk' rating downgrade MOSCOW: Russia's ruble and stock market showed renewed weakness Tuesday in response to sliding oil prices and a downgrade to "junk" status of its sovereign debt by Moody's.The global rating agency announced after trading in Moscow finished on Friday that it expected Russia to experience a "deep recession" this year and continued economic contraction in 2016.Russia's markets were closed for a public holiday on Monday and the ruble only traded over the counter in thin ...

Russian assets weaker as market prices in Moody's downgrade MOSCOW: Russia's assets were weaker on Tuesday after Moody's ratings agency downgraded Russia's credit rating to below investment grade and as oil prices slipped, but losses were trimmed by some progress towards implementing a ceasefire in eastern Ukraine.At 1040 GMT, the rouble was around 1.7 percent weaker against the dollar at 63.10 and lost 1.2 percent to 71.34 versus the euro. Shares were also lower, with the dollar-denominated RTS index down 3.3 percent to 881 ...

Rupiah hits 10-week low; Asia FX dips ahead of Yellen testimony SINGAPORE: The Indonesian Rupiah hit a ten-week low on Tuesday, leading losses among emerging Asian currencies, as investors awaited Federal Reserve Chair Janet Yellen's testimony for clues on the timing of US interest rate hikes.The Rupiah came under further pressure from increasing dollar demand from local companies for month-end payments.The Philippine peso fell to a near two-week low after the central bank on Monday said it may keep interest rates unchanged this year, defying some ...

Sri Lankan spot rupee steady; central bank defends after freezing rates COLOMBO: The Sri Lankan spot rupee was unchanged in dull trade on Tuesday as the central bank defended it via moral suasion after keeping key policy rates steady.Currency forwards traded weaker a day after the monetary authority lifted a 2-cents-per-day premium limit, dealers said.The spot currency was trading steady at 132.90/133.10 per dollar at 0459 GMT compared to Monday's close.One-week forwards, which were active, traded at 133.45/55 per dollar compared with Monday's close of 133.40/45.The ...

Belarus says reduces share of forex revenues firms have to sell MINSK: The Belarussian central bank said on Tuesday it had reduced the share of foreign-currency revenues that Belarussian companies are obliged to sell to 40 percent from 50 percent.Obligatory foreign-currency sales were introduced as a means of supporting the Belarussian rouble.The central bank said the measure had stabilised the currency market.Copyright Reuters, 2015

Dollar rises before Tuesday's Yellen testimony, euro falls NEW YORK: The dollar rose on Monday against most currencies as investors await clues from Tuesday's testimony from U.S. Federal Reserve Chair Janet Yellen before a Senate panel on the timing of a possible interest rate increase.The euro retreated on lingering doubts over whether Greece's four-month bailout extension struck late Friday would lead to a deal over how to keep Athens solvent. A somewhat disappointing private report on German business confidence spurred further selling in ...


 



 
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