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Falling oil prices hit Canadian, Norwegian currencies; dollar firm LONDON: The Canadian dollar fell to a five-year low and Norway's crown slid to a four-year trough against the U.S. dollar on Wednesday as investors fled the currencies of economies that are grappling with a drop in energy prices.The Norwegian crown, which tends to have a good correlation to crude oil prices, also fell to a two-month low against the euro.The euro slipped against the dollar, and with euro zone inflation expectations falling rapidly, traders said the single currency was likely to stay under pressure.Euro zone inflation expectations, as measured by the five-year, five-year break-even forward, were below 1.80 percent. This is likely to cement the view that the European Central Bank may have to resort to quantitative easing sooner rather than later.Adding to the gloom, China's inflation rate slowed more than expected in September, dropping to a near five-year low. The drop heightened concern that global growth is cooling, ...


Australian & NZ dollars unable to keep gains, brace for China data SYDNEY/WELLINGTON: The Australian and New Zealand dollars were unable to keep hard-won gains on Wednesday as global deflation and growth concerns resurfaced, while investors braced for a batch of data out of China.The Australian dollar eased back to $0.8689, from a peak of $0.8812 touched in a choppy session on Tuesday. Much of the weakness came from broad strength in the US dollar following disappointing data in Europe.The Aussie has tumbled seven cents since early ...

Poor German data hits euro in Asia TOKYO: The euro slipped in Asia on Wednesday after more gloomy data out of Germany exacerbated worries about Europe's largest economy and the engine of eurozone growth.In Tokyo midday trading, the single currency fell to $1.2636 and 135.40 yen from $1.2659 and 135.62 yen in New York, while the dollar edged up to 107.22 yen from 107.13 yen.Germany's widely watched ZEW investor confidence index fell in October for a 10th consecutive month, hitting its lowest ...

Sterling sell-off picks up after soft UK inflation data LONDON: Sterling fell to a one-month low against the euro and headed towards its lowest against the dollar since last November after UK inflation slowed more than expected, pushing back expectations of a rise in UK interest rates well into 2015.UK consumer prices rose 1.2 percent on the year in September, compared with 1.5 percent in August, as the prices of food and motor fuels both fell, the Office for National Statistics said.Sterling fell 0.8 ...

Sterling hits 11-month low, traders push back UK rate hike expectations LONDON: Sterling fell to an 11-month low against the dollar on Tuesday, as traders pushed back expectations of a rise in UK interest rates well into 2015 after inflation slowed more than expected in September.Sterling fell 0.9 percent to $1.5940, its lowest since November last year.Sterling overnight interbank average rates - the short-term interest rates which form the basis of lending costs to the wider economy - were pricing in a slight chance of a ...

Dollar steadies, euro sinks after data surprises LONDON: The euro handed back almost all the previous day's 1-percent rise against the dollar on Tuesday after unexpectedly sharp declines in industrial output and investor morale underlined economic frailty and falling prices.The single currency dropped by a whole cent to $1.2640 and hit an 11-month low against the yen after both euro zone industrial output and the ZEW indicator of German investor sentiment came in well below forecasts.Dealers said large option expiries would help ...

Indian rupee marks lowest close in over 1 week; dollar rebounds MUMBAI: The Indian rupee slumped on Tuesday, retreating from a nearly three-week high hit earlier in the day as growing worries about global economic growth sparked a recovery in the dollar, offsetting data showing sharply easing domestic inflation.The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace.The advance in the greenback ...


 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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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
WeeklyOctober 20, 2014
Reserves $13.436 bln