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Higher crude prices, weaker greenback lift Canadian dollar TORONTO: Higher crude prices helped the Canadian dollar strengthen against a broadly weaker US dollar on Tuesday, but trading stayed within its recent band due to a dearth of economic data to inspire moves, and direction was likely to come from oil and wider market sentiment.The weaker greenback and the ongoing conflict in Yemen pushed the price of crude, a key Canadian export, higher, despite Saudi Arabia's announcement of record oil output last month.At 9:12 a.m. EDT (1312 GMT), the Canadian dollar was at C$1.2049 to the greenback, or 82.99 US cents, stronger than the Bank of Canada's official close of C$1.2110, or 82.58 US cents, on Monday.The currency's strongest level of the session was C$1.2025 and its weakest level was C$1.2107US crude prices rose 1.5 percent to $60.12, while Brent crude was up 1.6 percent at $65.98.The Canadian dollar is expected to trade between C$1.2000 and C$1.2100 against the ...


Euro turns up as Greek bailout talks drag on TOKYO: The euro rallied Tuesday after turning down following a eurozone finance ministers' meeting that failed to reach an agreement on debt-wracked Greece's bailout reform.Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.But analysts warned over euro weakness as Athens faces another cash crunch in a matter of weeks.In Tokyo afternoon trading, the euro rose ...

C$ softens as Greece, China worries push greenback higher TORONTO: The Canadian dollar gave up some of last week's gains against US dollar on Monday as the greenback strengthened broadly, while easing prices for crude, a major Canadian export, kept the loonie under pressure.The market also continued to feel the impact of Friday's US employment data, which showed a rebound in job growth in April and a lower unemployment rate."The drivers today: it's really US dollar strength, which was the default bid for nonfarm ...

South Africa's rand slides as Greek fears weigh on EM currencies JOHANNESBURG: South Africa's rand fell more than 1 percent against the dollar on Monday, tracking a downward slide in emerging markets after investors were spooked by fears that Greece could default on its debt.A rate cut in China, the world's second largest economy, also dampened appetite for commodity currencies like the rand, analysts said.The rand hit a session low of 12.0585 to the greenback, and was trading at 12.0525 by 1518 GMT, down 1.06 percent ...

Dollar gains against euro on Greece worries; kiwi plunges NEW YORK: The US dollar rose against the euro on Monday on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar hit more than seven-week lows against the greenback on speculation the country's central bank could cut rates.Greece, which must repay a 750 million euro loan to the International Monetary Fund on Tuesday, faces the risk of default and being forced out of the eurozone. Eurozone finance ministers meet on ...

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended slightly weaker on Monday due to importer dollar demand, though the central bank's moral suasion capped the fall, dealers said.The market expects the downward pressure on the currency to remain due to lower interest rates and rising importer dollar demand, dealers said.Actively traded two-month forwards ended at 135.65/75 per dollar weaker from Friday's close of 135.55/60. One-month forwards were also steady at 134.70/90 per dollar as the central bank ...

Sterling holds post-election gains as focus shifts to data, BoE LONDON: Sterling hovered near two-month highs against the dollar on Monday, buoyed by an election that produced a Conservative majority, with the focus turning to economic data and when the Bank of England might hint when it will lift interest rates. BoE's monetary policy committee kept rates steady as expected on Monday at the record low of 0.5 percent.It issued no statement but Governor Mark Carney is due to give a quarterly update on forecasts ...


 



 
Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17





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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln