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Dollar slips after solid gains, investors await Fed minutes LONDON: The dollar slipped from a seven-month high against a basket of currencies on Wednesday as markets awaited minutes of the Federal Reserve's recent policy meeting which could reinforce expectations of a rate hike next month.But there was a degree of wariness building in the long dollar trade, amid expectations that the Fed could flag concerns about the currency's recent strength.The dollar index has risen 6.3 percent in the past month as odds for an interest rate hike in December moved from around 30 percent to 66 percent. Similarly, the Fed's broad-based dollar trade-weighted index has pushed higher.Traders said there was some caution in early deals in Europe amid reports of gunfire and explosions in Paris, where French police hunting a Belgian Islamist militant suspected of masterminding last week's attacks surrounded a building.The dollar index was lower at 99.501 after touching 99.745 on Tuesday, its highest since mid April. The ...

Sterling gains after Broadbent plays down BoE forecasts LONDON: Sterling jumped almost half a cent against the dollar to its strongest levels this week on Wednesday after Bank of England Deputy Governor Ben Broadbent said markets should focus more on broader indicators of economic growth than the bank's recent subdued inflation forecasts.In a speech at a Reuters newsmaker event, Broadbent warned investors to not to "focus obsessively" on the inflation forecasts, whose publishing earlier this month drove back expectations of when the bank ...

China tightens offshore yuan market to slow outflows, rates rise BEIJING/SHANGHAI: China has moved to restrict trade at offshore yuan clearing banks, sources told Reuters on Wednesday, stepping up capital controls even as Beijing positions its currency for inclusion in the International Monetary Fund's reserve basket.The move suggests Chinese regulators still harbor concerns about depreciation pressure, which could put China's IMF bid at risk, even though capital outflows eased in October.It marks the latest in a series of steps by the central bank to control ...

Frankfurt yuan trading starts on new China platform FRANKFURT: Trading in yuan-denominated securities got underway on the Frankfurt stock exchange Wednesday, hailed as the first such market outside China.The platform, first announced during Chancellor Angela Merkel's visit to China last month, is to allow investors in Europe to trade securities denominated in the Chinese currency.It is the first yuan market authorised outside China, according to Han Chen, the platform's joint CEO."The first trades have already taken place in the early hours of market ...

Dollar holds strength against euro in Asian trade TOKYO: The dollar sat at seven-month highs against the euro and stood firm against the yen Wednesday following a pick-up in US inflation, while traders await minutes from the Federal Reserve's last policy meeting for clues about its plans for interest rates.Ongoing weakness in the eurozone and Japanese economies continues to put pressure in their central banks to increase stimulus, adding to weakness in their respective currencies.The euro fell to $1.0634 Wednesday -- its lowest ...

South Africa's rand edges up ahead of rates decision, stocks up JOHANNESBURG: South Africa's rand edged slightly firmer against the dollar on Tuesday but was still within easy reach of the previous day's historical lows in nervous trade ahead of a central bank interest rate decision. Stocks were also higher with Brait among the top gainers after the investment heavyweight posted a higher first-half net asset value. By 1539 GMT the rand was 0.6 percent firmer at 14.2415 per dollar compared with where it ended Monday ...

Kenyan shilling steady in slow trade, stocks up NAIROBI: Kenya's shilling was steady on Tuesday as dollar demand eased. Stocks closed higher.At the 1330 GMT close of trade, commercial banks quoted the shilling at 102.10/30, compared to Monday's close of 102.20/30."There was hardly any activity at all," said one trader at a Nairobi-based commercial bank, adding the local currency was likely to stay in the 102.00-102.40 range throughout the week.Kenya's central bank held its benchmark lending rate at 11.50 percent on Tuesday, saying ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln