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China's yuan slips as dollar stabilises, outlook wary HONG KONG: China's yuan slipped on Wednesday after the US dollar recouped part of its previous losses, encouraging some investors to increase their bets for a weaker Chinese currency.A weaker midpoint fixing and recent weak data also pushed the yuan lower.The dollar clung to modest gains early on Wednesday, having made an about-turn overnight in a tentative sign that the recent sell-off may have run its course for now.The People's Bank of China set the midpoint rate at 6.141 per dollar prior to market open, weaker than Tuesday's fixing of 6.1398.The spot market opened at 6.2080 per dollar and was changing hands at 6.2113 at midday, marginally weaker than the previous close of 6.2053.In the offshore market, the yuan was trading broadly in line with the onshore spot rate.While the yuan has posted a middle-of-the-pack performance so far this year against the US dollar compared to other Asian currencies, its ...

South Korea won edges up to 3-week high, shares take breather SEOUL: The South Korean won was set to firm against the dollar for a third straight session early on Wednesday as exporters supported the local currency.The won was up 0.2 percent at 1,102.2 against the dollar as of 0250 GMT, compared with the previous close at 1,104.6.It touched 1,101.7 near midday, the local currency's strongest level since March 6."Investors seem to be eyeing the weakness in the euro and yen less. In the short-term, we ...

Dollar recovers against euro as traders still eye 2015 rate hike NEW YORK: The US dollar rebounded against the euro on Tuesday on persistent bullish sentiment toward the greenback tied to the divergence of monetary policy between the United States and Europe, but the impact of last week's Federal Reserve statement limited its gains. The dollar recovered against the euro after two straight sessions of losses on the view that the Fed will still hike interest rates this year, while the European Central Bank continues with ...

South Africa's rand at three-week high against dollar on EM rally JOHANNESBURG: South Africa's rand rode the wave of an emerging market rally on Tuesday, extending gains to a new three-week high to a U.S. currency weighed down on expectations the Federal Reserve will delay an interest rate hike to September.By 1506 GMT the rand had firmed 0.5 percent to 11.8500 per dollar, having strengthened to as much as 11.8000 in the session before pulling back as weak Chinese manufacturing data restricted EM currency gains.Most of ...

Russian rouble surges to new 2015 highs ahead of tax payments MOSCOW: The Russian rouble rose strongly on Tuesday ahead of monthly tax payments, continuing a rally since February that has taken it to its highest levels against the dollar and euro since the end of last year.The Russian currency has now gained 7 percent against the dollar over the last week, reflecting a weaker dollar globally as well as Russian tax payments, although it is still down almost 40 percent since the middle of last ...

C$ firms as greenback stays soft, crude rises TORONTO: The Canadian dollar extended its recent gains against its US counterpart on Tuesday as continued weakness in the greenback lifted dollar-priced crude oil, a key Canadian export, and other commodities.Speculation since last week's US Federal Reserve statement that the Fed might delay hiking interest rates has put the US currency under pressure."The general trend here is probably still geared toward US dollar softening a bit more," said Shaun Osborne, chief currency strategist at TD ...

Sterling hits 1-month low against euro on soft inflation data LONDON: Sterling fell to a one-month trough against the euro on Tuesday, hurt by data that showed British inflation dropped to zero last month, its lowest since records began, bolstering expectations that British interest rates will stay low.Sterling fell 0.5 percent to 73.715 pence per euro, its lowest since Feb 23, while against the dollar it shed 0.5 percent to $1.4874, having traded at $1.4945 before the data was released.Analysts said the number might further ...


Index Closing Chg%
Arrow DJIA 17,698.18 0.44
Arrow Nasdaq 4,880.23 0.42
Arrow S&P 2,059.69 0.40
Arrow FTSE 6,809.50 0.54
Arrow DAX 12,001.38 0.2
Arrow CAC-40 5,062.22 0.57
Arrow Nikkei 19,034.84 0.90
Arrow H.Seng 25,082.75 0.73
Arrow Sensex 28,260.14 1.08

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln