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Dollar slips against euro on ECB comments, rising Bund yields NEW YORK: The US dollar hit its lowest against the euro in over two weeks on Wednesday after the European Central Bank kept monetary policy steady despite recent market volatility and Bund yields extended their rise. The ECB sees no reason to adjust its monetary policy stance in response to a recent rise in bond yields in Europe, ECB President Mario Draghi told a news conference after the bank held interest rates as expected. That sentiment from Draghi, in addition to the ECB raising its 2015 inflation forecast, helped boost the euro. Draghi and the ECB's statements came after data Tuesday showed a rise in euro-zone inflation in May. "Draghi's comments reaffirmed that the euro zone data was moving in the right direction," said Eric Viloria, currency strategist at Wells Fargo Securities in New York. The euro has also notched gains in the past two sessions by tracking a rise ...


Dollar pressured after rally fizzles TOKYO: The dollar was under pressure against the euro and other currencies Wednesday after its rally ended on doubts over a US rate rise and speculation about a Greek funding deal. The greenback slipped to 123.96 yen in Tokyo trading from 124.09 yen late Tuesday in New York, and way off from a more than 12-year high of 125.05 yen recorded earlier Tuesday in Tokyo.The euro bought $1.1155 and 138.32 yen Wednesday in Tokyo, compared ...

Euro pushes through $1.10 after higher inflation print LONDON: The euro rose one percent on Tuesday after a better-than- expected inflation number pushed it through resistance at $1.10, triggering automatic orders to limit losses for those betting on further gains for the dollar.The Australian dollar also surged after the country's central bank shied away from pointing to more cuts in interest rates, while the yen recovered some ground after weakening to more than 125 yen per dollar for the first time since 2002.With ...

Turkish lira hits three-week low as election slide continues ISTANBUL: The Turkish lira slid to a three-week low on Tuesday, pummelled again by investor concerns the ruling AK Party may struggle to form a single-party government after June 7 elections.The lira, one of the worst-performing emerging market currencies this year, has been at the whim of voter opinion polls in recent weeks.It was initially bolstered last month on forecasts the ruling party would secure a simple majority, ensuring continuity without giving the government enough ...

Dollar hits more than 12 year high on yen TOKYO: The dollar hit a more than 12-year high against the yen on Tuesday as upbeat US data reignited talk of an interest rate hike this year.In Tokyo, the dollar briefly hit 125.05 yen -- its strongest level since December 2002 -- before settling back to 124.73 yen, compared with 124.81 yen in New York."The current dollar-buying sentiment is likely to remain strong for now as the market tends to react to US economic figures ...

Latam FX down on Fed fears; debt issuance supports real RIO DE JANEIRO: Most Latin American currencies weakened on Monday following strong US economic data, but the real was steady as a number of Brazilian companies including Petrobras issued debt abroad, boosting prospects for dollar inflows.The currencies of Mexico, Chile and Colombia dropped between 0.7 percent and 1.2 percent after reports showed US manufacturing activity picked up in May and construction spending surged in April to a nearly 6-1/2-year high.The data supported bets that the ...

Dollar hits 12-1/2-year peak against yen on US data NEW YORK: The US dollar rose on Monday, hitting a 12-1/2-year peak against the yen after the release of stronger-than-expected data on US manufacturing and construction spending, while renewed worries over a Greek default contributed to the euro's weakness. Reports showed US manufacturing picked up in May and construction spending surged in April to a nearly 6-1/2-year high. The data bolstered optimism about the health of the US economy and hardened confidence the Federal Reserve ...


 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
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Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln