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South Africa's rand stronger as market bets on dovish Fed JOHANNESBURG: South Africa's rand held its ground against the dollar on Wednesday, tracking generally firmer emerging markets after investors bet that the Federal Reserve could signal a slower than expected pace in raising U.S. rates.The local unit climbed about 1 percent from Tuesday's close to a session high of 11.7705 but pared its gains to trade 0.46 percent firmer at 11.8315 by 1518 GMT."We've seen a broader strengthening in emerging markets currencies ... and that appears to be a function of dovish expectations ahead of the (Fed) minutes this evening," said ETM analyst Jana de Deventer.Minutes of the Fed's March meeting were due to be released later on Wednesday, with traders awaiting clues on whether policymakers were concerned about the dollar's recent strong gains and its impact on U.S. growth."In the event that the Fed communicates persistent commitment to normalise interest rates, then we could see the dollar really gain," ...


Russian rouble extends gains to new 2015 highs MOSCOW: The Russian rouble extended gains on Wednesday, setting new 2015 highs against the dollar and the euro on the back of this week's rally in international oil prices.At 0740 GMT, the rouble was 1.5 percent stronger against the dollar at 54.22, having earlier hit a 2015 high of 54.17, the strongest since Dec. 26.The rouble also gained 1 percent to 58.94 versus the euro, having fallen below 58 roubles per euro for the first ...

Dollar weakens against yen as BoJ stands pat, FOMC minutes eyed LONDON: The dollar fell on Wednesday, retreating from a near three-week high hit against the yen the previous day, after the Bank of Japan kept monetary policy unchanged despite slowing inflation.Some had begun to expect further easing in view of the fact that the BOJ has missed its ambitious target of achieving 2 percent inflation in two years.Governor Haruhiko Kuroda told a press conference that thanks to easing steps taken last October, Japan has been ...

Kenyan shilling seen weaker on tourism downturn after attack  NAIROBI: The Kenyan shilling weakened on Wednesday despite dollar sales by the central bank on the previous day because of an expected downturn in the key tourism sector after a deadly attack last week.At 0830 GMT, commercial banks quoted the shilling at 92.60/80 to the dollar, from Tuesday's close of 92.55/65.The shilling had recovered from an intraday low of 92.82/92 on Tuesday after the central bank sold an unspecified amount of dollars to banks to ...

Egyptian pound steady on official, slightly weaker on black markets CAIRO: Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday, while the currency weakened slightly on the black market.The central bank has kept the official exchange rate steady for more than two months after letting the pound weaken at the start of the year in an attempt to wipe out black market trading.The bank said it offered $40 million at auction on Wednesday and sold ...

Dollar falls against yen after BoJ maintains policy LONDON: The dollar fell on Wednesday, retreating from a near three-week high hit against the yen the previous day, after the Bank of Japan kept monetary policy unchanged despite slowing inflation.The greenback was also waning ahead of the release of U.S. Federal Reserve minutes and the start of an earnings season that could show the negative impact of a strong currency, spreading caution about any rate hike in the world's largest economy.Some had expected further ...

Dollar falls as BoJ stays put TOKYO: The dollar fell against the yen Wednesday as the Bank of Japan held off further easing measures after a two-day policy meeting. The US unit stood at 119.91 yen in late afternoon trade after the decision was announced, compared with 120.32 in New York.The euro changed hands at 130.29 yen from 130.11 yen in New York while edging up to $1.0863 from $1.0813.While the central bank had been widely expected to stay pat on ...


 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln