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Euro dips under $1.35, dollar gains broadly NEW YORK: The euro on Friday traded under the psychologically significant $1.35 level for the first time since February as the dollar gained broadly amid geopolitical tensions aggravated by the downing of a Malaysian airliner in Ukraine.The currency shared by 18 countries has been declining on speculation US policymakers may lift interest rates sooner than markets expected and dipped on Friday to $1.3492 shortly after the Bank of Italy cut its economic outlook, according to Shaun Osborne, currency strategist at TD Securities. In reducing to 0.2 percent its 2014 growth forecast for Italy, the bank warned that there was significant uncertainty about the outlook for the euro zone's third-largest economy. The euro last traded at $1.3515, off 0.1 percent for the trading day. "The euro has been in a range with $1.35 as a bottom," Osborne said. "The euro will probably trend lower now." The dollar was also up against ...


Sterling slips on Ukraine worries, Carney interview talk LONDON: Sterling fell against the dollar on Friday as worries over an escalation of tensions between Russia and the West drove investors to cut long positions in the pound and seek out more liquid and safe-haven currencies.The pound's drop coincided with market speculation that Bank of England (BoE) Governor Mark Carney had given a dovish interview to a weekend newspaper. But the rumour was quashed by a BoE spokesman, causing the pound to regain a ...

South Africa's rand, bonds firmer in post-MPC glow JOHANNESBURG: South Africa's rand recovered its footing against the dollar on Friday, shaking off the previous day's late bout of risk aversion triggered by the downing of a Malaysian plane in Ukraine.Investors were still applauding the South African Reserve Bank's 25 basis point hiking of interest rates on Thursday to stem inflation pressures, a move seen boosting the rand's yield appeal. The local unit was up 0.93 percent 10.6595 to the greenback by 1521 GMT, ...

Indian rupee falls as global risk aversion rises MUMBAI: The Indian rupee fell to its weakest in a month against the dollar, tracking lower emerging market assets after the downing of a Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying to defensive assets. The rupee fell 0.7 percent for the week, posting its biggest weekly loss since mid-June when emerging markets had reeled on worries about the prospect of civil war in Iraq. Global factors are likely to be the key ...

Dollar up after New York losses fuelled by plane tragedy TOKYO: The dollar edged up in Asian trade Friday after tumbling in New York on news that a Malaysia Airlines jet had crashed in Ukraine killing almost 300 people, with the US saying it had been shot down.The Malaysian ringgit slipped against the greenback in response to the tragedy, the second to hit the troubled carrier since the disappearance of flight MH370 in March.In Tokyo afternoon trading, the dollar bought 101.32 yen, up from 101.17 ...

Dollar up after New York losses fuelled by plane tragedy TOKYO: The dollar edged up in Asian trade Friday after tumbling in New York on news that a Malaysia Airlines jet had crashed in Ukraine killing almost 300 people, with the US saying it had been shot down.The Malaysian ringgit slipped against the greenback in response to the tragedy, the second to hit the troubled carrier since the loss of flight MH370 in March.In Tokyo midday trading, the dollar bought 101.32 yen, up from 101.17 ...

Yen in vogue as sanctions on Russia sour risk sentiment LONDON: The yen hit a five-month high against the euro on Thursday on renewed safe-haven inflows as the West imposed further sanctions against Russia, which weighed on global risk sentiment.European stocks started in the red, while safe-haven German bunds were in demand as the United States placed sanctions on some of Russia's most prominent companies including its biggest oil group and largest independent natural gas producer.The dollar fell 0.2 percent against the yen to 101.45 ...


 



 
Index Closing Chg%
Arrow DJIA 16,563.30 1.88
Arrow Nasdaq 4,369.77 2.09
Arrow S&P 1,930.67 2.00
Arrow FTSE 6,730.11 0.64
Arrow DAX 9,407.48 1.94
Arrow CAC-40 4,246.14 1.53
Arrow Nikkei 15,620.77 0.16
Arrow H.Seng 24,756.85 0.10
Arrow Sensex 25,894.97 0.74





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln