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Australia & NZ dollars prove resilient to equity sell-off SYDNEY/WELLINGTON: The Australian and New Zealand dollars dipped modestly on Thursday, proving resilient to a sharp fall in equities after poor US economic data revived worries about global growth, sending investors to the safety of government debt. The Australian dollar fell to $0.8804, from a peak of $0.8860 overnight after investors booked profits. It gained more than 1 percent on Wednesday in a choppy session that saw the US dollar touch multi-week lows against the yen and euro. A string of downbeat economic data including weak retail sales and manufacturing activity numbers dealt Wall Street a fresh blow overnight, with stock markets in Japan and Australia skidding more than 1 percent. Dealers said the Antipodean currencies managed to hold relatively well, partly because USD-long positions in the speculative community against both Aussie and kiwi were not as extreme as in other currencies. "I see the broad correction in the US ...


Dollar down sharply as yields plunge on growth fears TOKYO: The dollar was sharply lower on Thursday, its appeal deeply dented after poor US data added to growth concerns that sent equities tumbling and Treasury yields plunging. Already on shaky ground after being buffeted by growth concerns over the past few sessions, a string of downbeat economic data including weak retail sales and manufacturing activity numbers dealt Wall Street a fresh blow overnight, sending the S&P 500 down by as much as 4.4 percent ...

Dollar under pressure in Asia after US sell-off TOKYO: The dollar struggled against the yen in Asia on Thursday after tumbling in New York trade in response to a weak batch of US data that has sparked fears about the world's number one economy.In midday Tokyo trade, the dollar bought 106.00 yen, slightly up from 105.91 yen in New York, but sharply lower than 107.33 yen in Tokyo earlier Wednesday. At the start of the month, the greenback broke 110 yen for the ...

C$ firms after US data, bounces off five-year low TORONTO: The Canadian dollar firmed against the greenback on Wednesday, bouncing off the more than five-year low it hit earlier in the session as a drop in oil prices was offset by weaker-than-expected US economic data.Bond yields were also caught up in the global market rout, with the yield on the benchmark 10-year Canadian government bond at its lowest since May 2013.Concerns about heavy oversupply sent US crude down 36 cents to $81.84 a barrel, ...

Dollar plunges after weak US data signal delayed Fed rate hike NEW YORK: The US dollar hit a three-week low against the euro and a more than one-month low against the yen on Wednesday after weak U.S. economic data on retail sales and producer prices heightened concerns that the Federal Reserve would delay its first rate hike.Commerce Department data showed U.S. retail sales dropped 0.3 percent in September, while the Labor Department said prices received by U.S. producers fell 0.1 percent in September, the first decline ...

Kenyan shilling gains on dollar inflows, stocks tread water NAIROBI: The Kenyan shilling strengthened on Wednesday on dollar inflows from charities, while stocks were steady.The shilling closed at 89.10/89.20, compared with Tuesday's close of 89.30/89.40.Duncan Kinuthia, head of trading at Commercial Bank of Africa, said foreign missionaries and non-governmental organizations with operations in Kenya were a major source of hard currency during the session."They always need to sell to fund local operations, so the money comes in foreign currency and they have to convert ...

South Africa's rand slightly firmer, lifted by finance Minister comments JOHANNESBURG: The rand edged firmer against the dollar on Wednesday as the finance minister's comments on South Africa's fiscal outlook helped the local unit fend off persistent concerns about growth prospects.Speaking to Reuters in London, recently appointed Finance Minister Nhlanhla Nene said that while South Africa was likely to cut its 2014 growth forecast next week, he did not expect the economy to slip into recession."We are moving in a direction to restrain expenditure in ...


 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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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