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Dollar firm after upbeat data, euro on edge ahead of Greece talks TOKYO: The dollar held firm on Friday after upbeat US jobless claims data made views swing back in favour of an earlier rate hike by the Federal Reserve, while the euro stayed under pressure ahead of a crunch meeting on Greece's bailout programme.The dollar index stood at 94.367, having gained 0.2 percent on Thursday as traders put their focus back on the relative strength of the US economy.Initial claims for state unemployment benefits fell 21,000, about twice as much as expected, to a seasonally adjusted 283,000, offering fresh evidence the US labour market was gathering steam.The data helped reverse expectations of a possible delay in Fed rate hikes that arose when minutes of its last policy meeting, published on Wednesday, showed policymakers were concerned about increasing rates too soon."Although the dollar slipped on dovish Fed minutes, the market is coming to think that the minutes are a bit stale because ...

Dollar soars on Venezuela's new currency exchange     CARACAS: The Venezuelan bolivar opened Thursday at 172 to the dollar on the first day of a government-sponsored exchange meant to compete with the black market.The opening rate was 27 times the official rates of 6.3 to the dollar, available only for priority imports like food and medicine.The leftist government of President Nicolas Maduro earlier this month partially liberalized the country's system of strict currency controls by allowing banks and brokerage houses to sell dollars ...

Dollar gains as Greek talks weigh on euro NEW YORK: The dollar gained against the euro Thursday as talks between Greece and the eurozone on bailout terms hit another snag.Germany rejected Athens's request for a six-month extension of its EU loan program without austerity reforms attached.However, German Chancellor Angela Merkel held talks with Greek Prime Minister Alexis Tsipras by telephone for nearly an hour on Thursday in a "positive climate," a Greek government source said.Finance ministers from the 19-member eurozone will hold a ...

C$ weakens after oil price fall, inflation eyed TORONTO: The Canadian dollar slipped against its US counterpart on Thursday, its second straight decline on renewed weakness in crude oil prices, as the Bank of Canada said cheap oil could push domestic inflation into negative territory.The currency recovered somewhat in afternoon trade, tracking a similar paring of losses in the oil market.Canada is a major oil producer, and weakness in the price of crude has weighed on the currency for months. A surprise interest ...

C$ sharply weaker after oil price fall TORONTO: The Canadian dollar lost more than a cent of value versus its US counterpart on Thursday, as it headed for a second straight day of declines on renewed weakness in crude oil prices.US crude inventories rose much more than expected, data showed, again raising market fears about oversupply.Canada is a major oil producer, and weakness in the price of the commodity has weighed on the currency for months.The Canadian dollar was at C$1.2543 to ...

Dollar recoups lost ground on talk of SNB buying LONDON: The dollar recovered on Thursday, on talk the Swiss National Bank was buying the greenback, helping it recoup losses made after minutes from the Federal Reserve policy meeting showed an interest rate hike was some distance away.The euro gave up most of its earlier gains, edging down to trade at $1.13905. It got little support from news that Greece had formally requested a six-month extension to its euro zone loan agreement as it raced ...

Dollar inches higher as US rate hike eyed despite Fed minutes NEW YORK: The US dollar edged higher against major currencies on Thursday after traders discounted Wednesday's cautious minutes from the latest Federal Reserve policy meeting, while optimism for a Greece debt deal limited the euro's losses.The dollar rebounded against the yen and hit a more than one-month high against the Swiss franc after traders reverted to the view that the Fed could hike rates by June, despite the minutes showing officials were concerned that raising ...


Index Closing Chg%
Arrow DJIA 18,214.42 0.06
Arrow Nasdaq 4,987.89 0.42
Arrow S&P 2,110.74 0.15
Arrow FTSE 6,949.73 0.21
Arrow DAX 11,327.19 1.04
Arrow CAC-40 4,910.62 0.58
Arrow Nikkei 18,785.79 1.08
Arrow H.Seng 24,902.06 0.50
Arrow Sensex 28,746.65 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln