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Dollar edges up in Asian trade TOKYO: The dollar on Friday clawed back some of the losses suffered against the yen earlier in the week as investors welcomed data showing US jobless claims at a seven-year low.In midday Tokyo trade, the greenback changed hands at 101.64 yen, compared with 101.44 yen in New York. The euro rose to 141.23 yen from 140.88 yen while it also edged up to $1.3894 from $1.3888.Dealers said the dollar was consolidating after hitting a three-week low of 101.33 yen at one stage Thursday as shares on Wall Street tumbled and US Treasury bond yields sank.Anxiety about pricey technology stocks returned with a vengeance to Wall Street Thursday, sending the tech-rich Nasdaq tumbling 3.10 percent, the biggest single-day drop in percentage terms since November 2011. The Dow shed 1.62 percent and the S&P 500 was down 2.09 percent.Adding to downward pressure on the dollar Thursday were minutes from the US Federal ...


Dollar stumbles as rate hike expectations pushed back NEW YORK: The dollar dropped to three-week lows against the yen and the Swiss franc on Thursday, sliding for a second day after minutes of the Federal Reserve's March meeting disappointed investors who had been positioned for an interest rate increase early next year.The greenback has fallen versus the yen in four of the last five trading days. Against the Swiss franc, the dollar weakened for a fourth straight session on Thursday.A better-than-expected U.S. weekly ...

Kenyan shilling unchanged, seen stuck in a range NAIROBI: Kenya's shilling was flat on Thursday, with traders expecting the local currency to be stuck in a range against the dollar.Leading commercial banks at 0820 GMT quoted the shilling at 86.50/60, unchanged from Wednesday, in thin volumes."It's fairly quiet. The market is devoid of drivers and that ... leaves us stuck in a tight range," said Commercial Bank of Africa trader Joshua Anene.Anene said the shilling has been trading in a narrow band between ...

Ugandan shilling strengthens as banks cut dollar positions KAMPALA: The Ugandan shilling firmed on Thursday, boosted by banks cutting their dollar positions in the interbank market as demand from importers declined. At 0741 GMT, commercial banks quoted the currency of Africa's largest coffee exporter at 2,520/2,530, stronger than Wednesday's close of 2,528/2,530."Demand from importers is largely absent, which is forcing most banks to cut back on their dollar positions," said Faisal Bukenya, head of market making at Barclays Bank."I am expecting it (the ...

Yuan weaker, despite dollar decline after soft export data SHANGHAI: China's yuan slipped on Thursday after exports declined for a second consecutive month in March, but some economists partly blamed intense yuan speculation last year for artificially inflating trade figures then and distorting comparisons now.Spot yuan shed 0.1 percent by midday to change hands at 6.2059 per dollar after the central bank guided the midpoint slightly weaker to 6.1510. The market has remained consistently weaker than the midpoint since mid-March.The dollar hit a three-week ...

South Africa's rand hits new 2014 highs after dovish Fed JOHANNESBURG: South Africa's rand scaled new 2014 peaks on Thursday, extending gains from the previous session after the release of minutes of the Federal Reserve suggesting policymakers will be more cautious about raising interest rates than markets had thought.The minutes of the US Fed's March meeting showed officials fretted that investors would overreact to policymakers' latest views on interest rates that appeared to map out a more aggressive cycle of rate hikes than was actually ...

Australia, NZ dollars surge on upbeat local data and rate outlook SYDNEY/WELLINGTON: The Australian dollar climbed to a 4-1/2-month peak on Thursday as startlingly strong jobs data added to the case for a steady interest rate outlook, while the New Zealand dollar climbed to a 2-1/2-year high following another upbeat economic report. The Aussie leapt more than half a cent to $0.9440, its highest since late November, before easing back to $0.9410. It was still sharply higher for the week to show a gain of 1.3 ...


 



 
Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln