Just in:  

You are here: Home»Markets»FXMM

Markets - FXMM


Dollar underpinned by ECB talk, Japan election speculation TOKYO: The dollar held its own on Tuesday after European Central Bank officials raised the prospects of further stimulus steps and as investors waited to see if Japan's leader would call a snap election after the country unexpectedly slipped into recession. ECB President Mario Draghi said on Monday that the central bank is ready to take more steps to support the euro zone's recovery. Earlier in the day, ECB Executive Board member Yves Mersch detailed what such steps might include, and said the ECB could theoretically buy gold, shares, exchange traded funds (ETFs) or other assets if needed. The euro was steady on the day at $1.2450 , down from a more than two-week peak of $1.2580 hit overnight. The dollar index, which measures the greenback against a basket of major currencies, rose to 87.999, pushing closer to a four-year high of 88.267 set on Friday.The dollar was steady on ...

Indonesia rupiah races to 2-week high after fuel price hike SINGAPORE: Indonesia's rupiah jumped to a two-week high on Tuesday, a day after the government raised subsidised fuel prices by more than 30 percent in a bid to free up funds and re-energise Southeast Asia's biggest economy. The rupiah rose as much as 0.8 percent to 12,100 per dollar, its strongest since Nov 5. The currency pared some of the gains by 0111 GMT, fetching 12,145. On Monday, President Joko Widodo announced the long-awaited measure, ...

Australian & NZ dollars supported by carry trades SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged up on Tuesday, as the outlook for sustained monetary policy support from the European Central Bank and Bank of Japan favoured carry trades. The Australian dollar was holding at $0.8710, having met stiff resistance just ahead of $0.8800 on Monday. The Aussie received some support after Australia and India said they will push for a free trade pact.The news came a day after the finalisation of a ...

China's yuan steady, may face profit-taking after extended gains HONG KONG: China's yuan steadied on Tuesday as traders braced for a round of profit taking on the Chinese currency, which has gained more than 2 percent since May against a resurgent dollar.On Tuesday, spot yuan stood at 6.1237 per dollar in late morning trades, little changed from Monday's close of 6.1241. The People's Bank of China fixed the daily midpoint slightly weaker at 6.1430 per dollar, compared with Monday's fix at 6.1409.A trading link ...

Dollar steady against yen in Asia TOKYO: The dollar held steady against the yen in Asia Tuesday after the previous day's sell-off in response to news that Japan had slipped into recession, while speculation over European Central Bank (ECB) stimulus pressured the euro.In Tokyo morning trade, the greenback fetched 116.54 yen, slightly off 116.63 in New York but well up from 115.65 yen in Tokyo earlier Monday. The euro ticked up to 145.35 yen from 145.19 yen, while it bought $1.2469 ...

Sterling struggles as investors push rate hike bets back further LONDON: Sterling hit a two-month low against a basket of currencies on Monday as investors pushed back even further their expectations of when interest rates will rise amid concern about persistently low inflation.Britain's biggest bank, HSBC, said on Monday that it had shunted back its prediction of when rates would increase by a whole year -- from the first quarter of 2015 to early 2016 -- in one of the biggest forecast changes in recent ...

Indian rupee falls as gloomy Japan data raises global growth concerns MUMBAI: The Indian rupee fell for a third consecutive session on Monday, trading near its lowest in a month, after data showing Japan slipping into recession sparked worries about global growth even though recent foreign inflows to India have been strong.Concerns about global growth were reinforced after data on Monday showed India's exports in October fell 5 percent from a year earlier, even as the trade deficit narrowed from September.The dollar's recent strength has pushed ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln