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Dollar edges higher despite dovish fed talk NEW YORK: The dollar edged higher against the euro Monday, trimming sharp losses that came after last week's dismal US jobs report for March.After dropping past the $1.10 per euro threshold in the wake of Friday's employment report, the greenback pulled back to $1.0928 in late trade Monday.But it remained weak relative to recent weeks. That is in part because of a fall in the ISM service sector purchasing managers index from February, as well as dovish talk from New York Federal Reserve president William Dudley, who called US economic growth in the first quarter "quite weak".Dudley stressed in a speech in New Jersey that given the slowdown, the timing of any move to increase interest rates "remains uncertain because the future evolution of the economy cannot be fully anticipated.""It will be important to monitor developments to determine whether the softness in the March labor market report evident on Friday ...


Dollar turns higher in late trade, thin conditions NEW YORK: The US dollar spiked higher against the euro on Monday, erasing early losses in what traders and strategists said is a result of thin holiday trading conditions. A dismal US jobs report on Friday had cast a pall over the greenback in the last two trading sessions, both of which excluded much of Europe and Latin America markets due to the Easter holiday. Trading desks are expected to be back at full strength ...

Sri Lankan rupee forwards close higher on strong remittances COLOMBO: Sri Lankan rupee forwards ended firmer on Monday as inflows from strong remittances and exporter dollar sales outpaced thin importer demand for the greenback, dealers said.Actively traded one-week forwards ended at 133.33/38 per dollar, compared to Thursday's close of 133.40/45. Two-week forwards ended at 133.43/50 per dollar, compared with their previous close of 133.58/65.Both stock and currency markets were closed on Friday for Buddhist and Christian religious holidays."There are seasonal inflows, inflow to pay ...

C$ strengthens as weak US jobs data pressures greenback TORONTO: The Canadian dollar strengthened on Monday against a broadly weaker US dollar, as the greenback was hit by data Friday that showed US jobs growth was much weaker than expected in March, suggesting the Federal Reserve will likely hold off hiking interest rates until later in the year.At 9:10 a.m. EDT (1310 GMT), the Canadian dollar was trading at C$1.2446 to the greenback, or 80.35 US cents, stronger than Thursday's Bank of Canada's official ...

Dollar drop tied to dismal jobs data, Easter holiday trade NEW YORK: The dollar weakened further on Monday as it continues to feel the carry-over effects of a disappointing U.S. jobs report from Friday that throws into question the timing for U.S. interest rate increase.Expectations the U.S. Federal Reserve will raise interest rates sometime later this year has fuelled the dollar's rally since mid-2014. Higher U.S. interest rates will put dollar-denominated assets at a yield advantage versus other currencies such as the euro and yen ...

Egyptian pound steady on official, black markets CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday, and the currency remained steady 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 Monday and sold ...

Russia's rouble opens stronger at market opening MOSCOW: The rouble opened stronger on Monday, tracking a rise in the price of oil, Russia's main export and a major driver behind the currency's performance.At 0703 GMT, the rouble was about 0.1 percent stronger against the dollar at 56.62 and gained 0.3 percent to trade at 62.02 versus the euro.Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month.Copyright Reuters, ...


 



 
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