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C$ weakens on consolidation after last week's gains TORONTO: The Canadian dollar weakened against the greenback on Monday as investors consolidated positions, giving back some of the gains the currency made last week after a strong domestic jobs report.In the backdrop was the provincial election in Quebec, with polls closing at 8 p.m. EDT (2400 GMT) on Monday. But with the governing separatist party behind in public opinion surveys, the loonie was not expected to see much impact.The Canadian dollar rose strongly at the end of last week after data showed the domestic economy added twice as many jobs as expected in March."We're really seeing a consolidation from Friday's price action, that's mainly what's leading the slide in the loonie this morning," said Scott Smith, senior market analyst at Cambridge Mercantile Group in Calgary.Last week's data had pushed the loonie through C$1.10, which had been a psychologically important support level for the US dollar-Canadian dollar pairing. That level ...


Dollar dips in wake of jobs data; ECB comments lift euro NEW YORK: The dollar fell against major currencies on Monday after last week's slightly lower-than-expected U.S. payrolls data, while European Central Bank policymakers' comments curbed expectations for more stimulus and boosted the euro.U.S. employers added 192,000 jobs in March after adding 197,000 in February, the Labor Department said Friday. The unemployment rate was unchanged at 6.7 percent. Economists had expected a gain of 200,000 jobs last month.The U.S. employment reading disappointed some who had bet ...

Dollar dips, eyes on central banks LONDON: The dollar lost more ground against the yen and dipped against the euro on Monday, jobs data on Friday disappointing those who had bet on a number strong enough to break this year's tight trading ranges. A stronger dollar was to have been this year's big play on major currency markets, according to many banks and investment houses in January, and there were signs last week the US currency was finally set to break ...

US jobs data supports Asia FX; won dips on intervention caution SINGAPORE: Most emerging Asian currencies rose on Monday after the latest US jobs report was not seen as strong enough to raise expectations of an early rate hike by the Federal Reserve, while the won turned weaker on growing caution over intervention.The South Korean won ended local trade down 0.2 percent at 1,055.4 per dollar as offshore funds sold the currency and domestic importers bought the dollar for payments, traders said.Investors became more wary that ...

Egypt foreign reserves up at $17.414bn in March CAIRO: Egypt's foreign reserves rose to $17.414 billion in March from $17.307 billion in February, the central bank said on Monday. Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but were lifted last year when Gulf Arab states gave billions of dollars in aid to the army after it deposed elected President Mohamed Mursi following protests against his rule. Copyright Reuters, 2014

Sterling cedes small ground to euro, UK data awaited for fresh bets LONDON: Sterling slipped slightly against the euro on Monday, after comments by European Central Bank policymaker Ewald Nowotny that there was no need to act immediately to counter euro zone disinflation.ECB chief Mario Draghi said last week radical policy action might be needed if inflation kept undershooting in the near term.The euro was up 0.1 percent at 82.75 pence, recovering from Friday's low of 82.50 pence, with traders citing offers to sell the euro at ...

Sri Lankan rupee slips on stock-related outflows; shares off 7-week high COLOMBO: The Sri Lanka rupee traded weaker on Monday due to dollar demand for stock-related outflows, but it was expected to be supported by inflows from remittances ahead of the festive seasons, dealers said. The spot rupee traded at 130.70/75 on Monday at 0548 GMT, versus Friday's close of 130.60/65. It had strengthened to 130.40/50 per dollar in early trade on Friday. "There were stock-related outflows which brought the rupee down," said one currency dealer. ...


 



 
Index Closing Chg%
Arrow DJIA 16,514.37 0.40
Arrow Nasdaq 4,161.46 0.97
Arrow S&P 1,815.69 0.95
Arrow FTSE 6,681.76 0.85
Arrow DAX 9,600.09 2.02
Arrow CAC-40 4,484.21 1.18
Arrow Nikkei 14,388.77 0.85
Arrow H.Seng 23,003.64 0.79
Arrow Sensex 22,758.37 0.03





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln