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Dollar index rises near 4-1/2 year high; euro firms vs dollar NEW YORK: The dollar approached a 4-1/2-year high against a basket of currencies on Monday as traders speculated that overseas central banks would further ease monetary policies to help their economies, even though it would erode their currencies. China might be ready to lower interest rate again after Friday's surprise rate cut in an effort to stem deflation, sources familiar with its policymaking told Reuters. On Friday, Mario Draghi, the European Central Bank chief, threw the door open for more drastic measures as he stressed that "excessively low" inflation had to be raised fast. That sent the euro down over 1.2 percent, its biggest daily drop in 2-1/2 months. As China, Europe and Japan were seen likely pursuing further policy easing, the US Federal Reserve was expected to normalize rates next year. "With the Fed leaning in the other direction, the trend remains higher for the dollar," said Ron Simpson, ...

C$ gives back some of last week's gains TORONTO: The Canadian dollar gave back some of last week's gains in early trade on Monday as the greenback was mostly stronger amid signs from central banks in Europe and Asia that they are willing to do more to support economic growth and inflation.World stock markets rose after a frenetic round of activity at central banks in Asia and Europe suggested concern about growth will be met with action.European shares, which had their strongest day ...
Euro gains vs dollar after Markit US services data NEW YORK: The euro strengthened further against dollar early Monday after private data on the US services sector fell short of forecast in early November, reducing earlier bullish bets on the greenback. Financial data firm Markit said its "flash" services Purchasing Managers Index slipped to 56.3 in November, slightly below expectations and the lowest since April. This compared with October's final reading of 57.1. The euro reached a session high of $1.2430 before edging down ...
Dollar near seven-year highs against yen NEW YORK: The US dollar was near a seven-year high against the yen on Thursday as investors bet that the Federal Reserve was on course to begin raising interest rates next year while the Japanese central bank will maintain highly stimulative policies to boost growth in the country.The dollar rose as high as 118.96 yen in overnight trading, the highest level since August 2007, and last traded at 118.04 yen.The greenback also posted brief gains ...
Wholesale sales data helps push C$ higher TORONTO: The Canadian dollar rose moderately against the US dollar on Thursday as stronger than expected September wholesale sales numbers in Canada added to expectations that gross domestic product figures for that month will be robust.Wholesale sales jumped 1.8 percent in September to a record C$54.03 billion, the latest economic data signaling stronger Canadian economic growth. Economists had forecast a rise of 0.8 percent."Wholesale was solid. It looks like September GDP is going to be ...
C$ weakens after Keystone; US Fed minutes in focus TORONTO: The Canadian dollar weakened against the US dollar on Wednesday, driven by overnight flows out of Asia and after the US Senate voted down a bill that would force the approval of the Keystone XL oil pipeline.The US dollar touched a seven-year high against the yen ahead of the Federal Reserve's October meeting minutes, due later on Wednesday, which may shed more light on the divergence in monetary policy between the US central bank ...
Dollar at seven year high against yen before Fed minutes NEW YORK: The dollar hit a seven-year high against the yen on Wednesday ahead of Federal Reserve meeting minutes that could shed more light on the divergence in monetary policy between the U.S. central bank and its major global peers.The yen also weakened to a six-year trough against the euro, after Japanese Prime Minister Shinzo Abe postponed a sales tax hike in a move seen as supportive for stock markets but negative for the currency.The ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln