All
 

 

Just in:  

You are here: Home»Markets»FXMM

Markets - FXMM

Archive

C$ retreats as crude prices slip TORONTO: The Canadian dollar was softer against its US counterpart on Monday, tracking weaker oil prices, and with little else on the domestic calendar this week, the currency is expected to take its cues from external drivers.The commodities-linked Canadian dollar has been moving closer in tandem with the price of crude, a major Canadian export, and prices have slumped to four-year lows recently on concerns of an oil glut.Brent crude fell on Monday after Japan, the world's fourth-biggest crude importer, slipped into recession and as Saudi Arabia reiterated the oil price should be left to supply and demand.Currency watchers have noted the Canadian dollar has otherwise performed reasonably well against the greenback relative to other currencies."Generally the data's been quite good in Canada, so I think that has allowed the Canadian dollar hold its own against what's been a very pro-US dollar trend over the past number of weeks," said ...


Yen holds ground after shock Japan GDP slide LONDON: The yen recovered from seven-year lows against the dollar on Monday but remained under pressure having sunk across the board after shock data showed Japan's economy slipping back into recession.The yen normally tends to rise as Tokyo's stock market falls and that logic dragged the yen steadily higher as the Nikkei index sank 3 percent in the hours following gross domestic product numbers showing a 1.6 percent annualised fall.But the third-quarter data was so ...

Russian rouble weakens on falling oil, fears of more EU sanctions MOSCOW: The Russian rouble weakened on Monday morning, dragged down by falling oil prices and fears of new European Union sanctions against Russia.At 0955 GMT the rouble was down 0.3 percent against the U.S. dollar at 47.31, and 0.1 percent weaker at 59.10 against the euro.The price of oil, Russia's major export, softened on Monday following a rally on Friday, with Brent down over $1 at just over $78 a barrel after the International Energy ...

Egyptian pound steady on official market, weaker on black market CAIRO: The Egyptian pound was unchanged at a central bank dollar sale on Monday but weakened on the black market.The bank said it had sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from the previous sale on Thursday.The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates. The bank offered $40 million ...

Kuwait to let banks trade derivatives, forex forwards move DUBAI: Kuwait's dinar rose sharply against the U.S. dollar in the forwards market on Monday in response to news that the Kuwaiti central bank would allow local banks to deal in derivatives with foreign banks.Al Rai newspaper in Kuwait quoted an unnamed source as saying the central bank had "informed treasury managers at banks that it no longer objects to Kuwaiti banks dealing in derivatives with foreign banks, as long as they deal in products ...

Sterling weakens, eyes 14-month low vs dollar LONDON: Sterling slipped towards 14-month lows against the dollar and traded near a one-month low against the euro on Monday, with investors adding to bearish bets as British rate hike expectations continued to be pushed back, traders said.At the weekend, Bank of England Governor Mark Carney and chief economist Andy Haldane expressed their concerns on low inflation.Haldane said he is watching "like a dove" for signs that expectations of very low inflation in Britain could ...

Kuwait forex forwards move on report banks can trade derivatives DUBAI: Kuwait's dinar rose sharply against the US dollar in the forwards market on Monday in response to a report that the Kuwaiti central bank would allow local banks to deal in derivatives with foreign banks.Al Rai newspaper quoted an unnamed source as saying the central bank had "informed treasury managers at banks that it no longer objects to Kuwaiti banks dealing in derivatives with foreign banks, as long as they deal in products approved ...


 



 
Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln