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Euro falls on weak German business confidence NEW YORK: The euro on Friday declined against other major currencies following a gloomy report on German business confidence. The single currency hit a new eight-month low after the Ifo economic institute's closely watched business climate index for Germany fell sharply to 108.0 points in July from 109.7 points in June. It was the third monthly drop in a row and took the measure of sentiment in Europe's biggest economy to its lowest level since October 2013.The institute cited geopolitical tensions as a drag on the German economy given ongoing fighting in Ukraine and the Middle East.The data came a day after the eurozone economy showed signs of a rebound in July after several months of sluggish activity, while its second-biggest economic power, France, lagged behind.Joe Manimbo, senior market analyst at Western Union Business Solutions, said worries about the euro are heightened in light of potentially tougher European Union sanctions ...

US dollar gains on durable goods data, dip in German sentiment NEW YORK: The US dollar hit new eight-month highs against the euro on Friday after stronger-than-expected data on US durable goods orders boosted the greenback, while weak German business sentiment heightened concerns about the euro zone. The Commerce Department said Friday that orders for long-lasting US manufactured goods rose 0.7 percent in June, beating economists' expectations for a 0.5 percent rise. The data pointed to momentum in the US economy and underpinned the dollar, which ...
Dollar firms to 8-month high against euro NEW YORK: The dollar firmed on Tuesday against most other major currencies, especially the euro, as easing US consumer inflation data pointed to the Federal Reserve keeping a steady course on interest rates.The pace of inflation slowed in June, the Labor Department reported. The department's consumer price index rose 0.3 percent last month, after a hefty 0.4 percent rise in May.Excluding food and energy prices, core CPI inched up 0.1 percent, after a 0.3 percent ...
Dollar little changed ahead of housing, inflation data NEW YORK: The dollar on Monday finished little changed against most leading currencies as traders looked ahead to key US inflation and housing data later this week. With the US economic calendar Monday devoid of major reports, analysts eyed Tuesday's consumer price index report for June as a potential catalyst for the dollar.The report follows some other recent data showing higher inflation, although US Federal Reserve Chair Janet Yellen and others have downplayed those reports.Most ...
Euro dips under $1.35, dollar gains broadly NEW YORK: The euro on Friday traded under the psychologically significant $1.35 level for the first time since February as the dollar gained broadly amid geopolitical tensions aggravated by the downing of a Malaysian airliner in Ukraine.The currency shared by 18 countries has been declining on speculation US policymakers may lift interest rates sooner than markets expected and dipped on Friday to $1.3492 shortly after the Bank of Italy cut its economic outlook, according to ...
Dollar rises after Fed report on US economic growth NEW YORK: The dollar advanced against the euro Wednesday after a US Federal Reserve report said economic activity continued to pick up steam across the world's largest economy.The Fed's Beige Book report said seven of the 12 regions surveyed recorded only "modest" growth, while five notched "moderate" growth. Most of the districts were hopeful about growth.The report, covering a six-week period ending July 7, is the second Beige Book in a row to find growth ...
Dollar rallies after Yellen hints at rate rise NEW YORK: The dollar rallied against other major currencies Tuesday after Federal Reserve Chair Janet Yellen told Congress the Fed would hold its near-zero interest rate policy until the US economy strengthens.Yellen, returning to Congress for two days of semiannual testimony on the economy and monetary policy, suggested the Fed could raise its key interest rate sooner than expected if the job market continues to make solid improvement."Although the economy continues to improve, the recovery ...

 



 
Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln