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Dollar probes lows on risk aversion, dovish rate hike outlook TOKYO: The dollar probed recent lows on Tuesday as risk aversion amid the fall in global equities favoured peers such as the yen, with uncertain timing about the Federal Reserve's interest rate hike further undermining the US currency's appeal.The dollar index was down 0.2 percent at 85.332, well below the four-year high of 86.746 struck earlier this month when a Fed rate hike in the near term seemed more likely.The dollar crawled up 0.2 percent to 107.095, but remained in close range of a one-month low of 106.76 hit earlier in the session.The greenback suffered a heavy blow overnight against the safe-haven yen as Wall Street took large hits, with the S&P 500 sliding to a five-month low.Weak signals from Germany, the euro zone's largest economy, and signs of uneven growth in China have contributed to recent global growth concerns.Global equities slid in the face of these concerns, with the ...


Australian dollar still high vs fundamentals SYDNEY: Despite the recent fall in the Australian dollar, it remains "higher than most conventional estimates of fundamentals would indicate," a senior Australian central banker said on Tuesday. That means the exchange rate is offering less assistance than it would normally be expected in achieving balanced growth in the economy, Reserve Bank of Australia Assistant Governor Guy Debelle told a Citi conference in Sydney. "A lower exchange rate would be helpful in achieving that objective," ...

China's yuan hits highest level since March on central bank guidance SHANGHAI: China's yuan rose to a seven-month high against the dollar on Tuesday, buoyed by a stronger central bank midpoint.The Chinese currency traded in a narrow range after hitting 6.1230 per dollar, the spot rate's highest level since early March.The currency has been rallying slowly but steadily since late September on the back of strong trade data.The People's Bank of China (PBOC) set its midpoint rate at 6.1408 per dollar prior to market open, up ...

Australian & NZ dollers edge up in choppy trade SYDNEY: The Australian and New Zealand dollars rose in choppy trade on Tuesday, proving resilient to a sharp sell off in global equities which sent investors to safe-haven assets such as government debt.The Australian dollar edged up to $0.8787, from $0.8760 in early trade and adding to Monday's 1 percent gains.However, it spent most of the session in the red after a spike in volatility encouraged investors to unwind popular carry trades, where the market ...

Dollar edges up, risk aversion, dovish rate hike outlook weigh TOKYO: The dollar rebounded modestly against the yen and euro on Tuesday following steep falls overnight, although risk aversion amid the fall in global equities and uncertainty on the timing of Federal Reserve interest rate hikes put a firm cap on the currency.The dollar crawled up 0.4 percent to 107.235, but remained in close range of a one-month low of 106.76 hit earlier in the session.The euro slipped 0.2 percent to $1.2726 after surging nearly ...

Dollar falls on concerns over global growth, Fed comments NEW YORK: The US dollar fell against a basket of major currencies on Monday on persisting concerns about global economic growth and worries that the Federal Reserve may delay its first interest rate hike.Concerns over the health of overseas economies continued in the wake of last week's weak German economic data and the International Monetary Fund's cut to its global growth forecast. Meanwhile, Fed officials said on Saturday that a slowdown in the global economy ...

South Africa's rand firmer as US holiday offers reprieve JOHANNESBURG: South Africa's rand took advantage of a U.S. market holiday on Monday to claw back more than half a percent in gains versus the dollar, sneaking into firmer territory after a two-session losing streak.The local unit firmed 0.57 percent to 11.047 by 1420 GMT , reversing two consecutive days of losses in the previous week.The rand clung on to good news out of China as the world's second-largest economy reported a surprise up-tick in ...


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln