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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 analysts do not expect Tuesday's CPI report will pressure the Fed to speed plans to raise benchmark interest rates."While we agree that inflation in the US most likely bottomed, it is still not at a level that would accelerate Fed tightening," said Kathy Lien, analyst at BK Asset Management. The flattening in the US Treasury yield curve suggests "investors do not expect the central bank to take action any time soon," Lien said.Yellen last week ...

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 ...
Dollar avoids big moves ahead of Yellen testimony NEW YORK: The dollar on Monday avoided large moves against other major currencies ahead of jam-packed Tuesday that includes testimony by the head of the US central bank and other closely-watched events.The dollar notched modest increases against the British pound and the yen, while retreating a bit against the euro.US Federal Reserve Chair Janet Yellen Tuesday kicks off two days of testimony before congressional committees that are expected to focus in part on the Fed's ...
Dollar stable vs euro as Portugal fears ease NEW YORK: The dollar and euro moved only slightly in foreign-exchange trading Friday as fears about a large Portuguese bank eased, with the market looking ahead to next week's packed economic calendar."Currency and financial markets stabilized as worries about new debt problems in Europe abated," said Joe Manimbo, senior market analyst at Western Union Business Solutions.Portuguese authorities managed Friday to ease wider market fears over the health of the country's biggest listed bank Banco Espirito ...
Euro gains for 3rd day, helped by Fed minutes NEW YORK: The euro pushed higher against the dollar for the third straight session Wednesday, helped by Federal Reserve meeting minutes which showed the US central bank still firmly dovish.But the pair remained in a narrow range, as did most major currencies amid continued stability in global rates.The minutes to the Fed's June 17-18 policy meeting contained no surprises, but did confirm that the quantitative easing bond-purchase operations, in place since 2008 to hold interest ...

 



 
Index Closing Chg%
Arrow DJIA 17,051.73 0.28
Arrow Nasdaq 4,424.70 0.17
Arrow S&P 1,973.63 0.23
Arrow FTSE 6,728.44 0.31
Arrow DAX 9,612.05 1.11
Arrow CAC-40 4,304.74 0.71
Arrow Nikkei 15,215.71 1.01
Arrow H.Seng 23,387.14 0.29
Arrow Sensex 25,715.17 0.29





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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