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Dollar weakens on receding US rate hike hopes, euro gains NEW YORK: The dollar fell against the euro and other major currencies on Thursday as bets dwindled that the Federal Reserve next month will raise US interest rates for the first time in nearly a decade.The euro rose the most among major currencies, gaining more than 1 percent against the dollar to top $1.12, because of turmoil in emerging market currencies touched off by China's yuan devaluation last week.Traders said the probability of a September increase by the Fed is now around 40 percent, with many investors exiting dollar positions after Wednesday's release of minutes from a Fed policymakers meeting contained nothing definitive about the timing of a rate increase. That was down from a probability of about 50 percent at the end of July.Short-term U.S. interest rates in the over-the-counter market on Thursday suggested traders now see just a one-in-three chance of a September rate increase, down from 48 ...

C$ firms as prospect of September US rate hike fades TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as the greenback weakened on softening expectations for a Federal Reserve interest rate hike in September.After the minutes of the Fed's latest policy meeting, released on Wednesday, indicated no rush to raise interest rates, investors exited dollar positions and the probability of a September rate hike fell to around 40 percent from 50 percent previously."The Canadian dollar is caught in the middle today. The ...
Dollar gains on Fed rate outlook, dimming yuan scare NEW YORK: The dollar advanced on Monday, rising against a basket of currencies for the third straight session, as traders focused on potential US interest rate hikes and shook off worries about a China-led "currency war." The dollar index hit a one-month low last week after the People's Bank of China unexpectedly devalued the yuan, dampening expectations that the US Federal Reserve will raise interest rates in September. But after the PBOC set the yuan ...
Dollar gains on solid US economic data NEW YORK: The dollar gained against the euro Friday after solid US economic data boosted the chances of a Federal Reserve interest rate increase.Besides the euro, the dollar advanced on the pound, dipped against the Japanese yen and was essentially flat against the Swiss franc. The Labor Department said its producer price index rose 0.2 percent in July, slightly above the 0.1 percent increase projected by analysts. Industrial output increased 0.6 percent in July, far ...
C$ firms as market calms; Canada data mixed TORONTO: The Canadian dollar firmed against the greenback on Friday, recouping earlier losses as investors digested data from the United States and Canada, and as calm returned to markets following a volatile trading week.In Canada, manufacturing sales jumped in 1.2 percent in June, the biggest gain since March and a welcome sign of economic activity following an overall lackluster first half of the year. Figures still fell short of economists' elevated projections for a 2.1 ...
Dollar rebounds on US data, drop in 'currency war' anxiety NEW YORK: The US dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on data showing U.S. retail sales rebounded in July, refocusing attention on the likelihood of a Federal Reserve interest rate increase in September.After hitting a roughly one-month low Wednesday, the U.S. dollar rose against a basket of major currencies as the yuan's decline slowed, easing worries that China's decision to devalue its currency ...
C$ falls as China's surprise devaluation hits oil price TORONTO: The Canadian dollar dropped against its US counterpart on Tuesday, reversing the previous session's hefty gains, as oil prices took a beating following China's surprise move to devalue its currency.The yuan had its biggest decline in more than two decades after the Chinese central bank devalued it by nearly 2 percent overnight in China's latest attempt to bolster its economy following a string of poor economic data.China is one of the world's largest natural ...

 



 
Index Closing Chg%
Arrow DJIA 16,285.51 3.995
Arrow Nasdaq 4,697.54 4.24
Arrow S&P 1,940.51 3.90
Arrow FTSE 5,979.20 1.68
Arrow DAX 9,997.43 1.29
Arrow CAC-40 4,501.05 1.40
Arrow Nikkei 18,376.83 3.20
Arrow H.Seng 21,080.39 1.52
Arrow Sensex 25,714.66 1.22





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 24, 2015
Reserves $18.678 bln