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Euro weak as dollar stays firm on US confidence TOKYO: The euro sat around its lowest levels against the dollar in nearly a year in Asia on Wednesday, with investors betting on fresh easing measures from the European Central Bank while the greenback was boosted by upbeat US data.The single currency slipped to $1.3151 in Tokyo morning trade -- down from $1.3169 in New York Tuesday and the lowest level since September -- before edging back up to $1.3663. It also slipped to 136.93 yen from 137.03 yen.The euro-dollar "continues lower in anticipation of new easing measures being announced by the ECB next week", National Australia Bank said in a note.The ECB announced unprecedented easing measures in June but its head Mario Drgahi hinted at a further relaxing of policy as he looks to ward off deflation in the eurozone. The bank will hold a decision-making Governing Council meeting in Frankfurt on September 4.The dollar held firm after the ...


Euro sinks further on German weakness signs NEW YORK: The euro's fall continued on Tuesday, pulled down by a weak batch of German data and hints the European Central Bank could unveil easing measures to fight off deflation.The single currency logged its third straight daily drop against the dollar, sinking to $1.3169, the lowest level since early September 2013.Behind the euro's weakness was Monday's report that Germany's Ifo business confidence index fell to the lowest level in 13 months in August.In addition, ...

C$ firms, bouncing off technical resistance TORONTO: The Canadian dollar firmed against the greenback on Tuesday, recovering from a nearly four-month low hit in the overnight session as a dearth of domestic economic data left the loonie drifting.The low had brought the currency within a hair of the psychologically important C$1.10 level, which investors see as a key resistance threshold.The failure to pierce that level is not very encouraging for the US dollar-Canadian dollar bulls from a technical perspective, said Camilla ...

Dollar dips on profit-taking, easing US yields NEW YORK: The dollar softened on Tuesday after a run of gains while the battered euro continued to struggle on expectations of soft inflation data and more monetary easing.The dollar index, a basket of currencies traded against the greenback, was down 0.07 percent in early New York trading after touching a 2014 high of 82.613.Against the yen, the dollar was off 0.15 percent at 103.91 yen.The euro was at $1.3198 after touching a low of ...

Won leads Asia FX gains amid further ECB easing expectations  SINGAPORE: The South Korean won hit a one-week high on Tuesday, leading gains among emerging Asian currencies on hopes of more capital inflows to the region with increasing prospects for further easing by the European Central Bank.The won rose as much as 0.3 percent to 1,016.7 per dollar in local trade, its strongest since Aug. 19, on demand from exporters for month-end settlements.Offshore funds also bought the won, while the South Korean unit hovered near ...

Kenyan shilling weaker, central bank intervention eyed NAIROBI: The Kenyan shilling lost ground again on Tuesday, with end-month dollar demand pushing the currency to multi-year lows and stoking expectations that the central bank will intervene to support the shilling.At 0740 GMT, commercial banks posted the shilling at 88.75/85 per dollar, compared to Monday's close of 88.65/75, the currency's lowest level since December 2011.The shilling, which has lost about 3 percent against the dollar this year, has been weakening in the past few ...

Sterling steadies after Scottish referendum debate wobble LONDON: Sterling rose from a five-month low against the dollar and pared losses against the euro on Tuesday, overcoming a wobble after Scotland's pro-independence leader Alex Salmond won a final debate before a referendum next month.Returning after Monday's market holiday in London, traders bought the pound, which has weakened in recent sessions after investors unwound expectations of a Bank of England interest rate hike later this year.The pound posted its seventh weekly loss against the ...


 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln