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Dollar falls on weak US data, stocks gain NEW YORK: The dollar fell on Wednesday after disappointing US home sales data, but global equity markets edged higher on hopes for more stimulus from the European Central Bank and the prospect that stocks may be a better investment than other alternatives. The Dow and S&P 500 set all-time closing highs. The less-than robust data fed worries the US economy might be losing momentum. Also feeding that concern was data showing US consumer spending rose modestly in October while a key measure of business spending plans fell for a second straight month. "With the global backdrop being so weak, the onus is on the US data to be very strong," said Chris McReynolds, head of US Treasury trading at Barclays in New York. Sales of new US single-family homes rose for a third straight month last month, but a downward revision to September's pace of sales suggested the housing market's ...

C$ shrugs off crude's pre-OPEC fall and strengthens TORONTO: The Canadian dollar strengthened against the greenback on Wednesday despite lower oil prices and uncertainty ahead of looming events such as Thursday's OPEC meeting and Friday's release of Canadian gross domestic product figures.The currency, which often follows movements in oil prices, rose even though the price of crude fell on expectations that OPEC (the Organization of the Petroleum Exporting Countries) members will not take drastic action to tighten the market when they gather for ...
C$ firms on retail sales, crude prices TORONTO: The Canadian dollar firmed against the US dollar on Tuesday, as Canadian retail sales growth came in stronger than expected and US oil prices rose moderately.The currency's gains were initially capped as the US dollar firmed after data showed US economic growth was far stronger than initially thought in the third quarter.In Canada, a surge in the auto sector helped retail sales power ahead by 0.8 percent in September, which could prompt forecasters to ...
Dollar slips more after drop in US consumer confidence NEW YORK: The dollar weakened further against the euro and yen early Tuesday after data showed U.S. consumer confidence unexpectedly fell in November to its lowest level in five months.The Conference Board said its index on American consumer confidence fell to 88.7, down from a revised 94.1 in October. Economists polled by Reuters had forecast a November reading of 96.0.The greenback fell to a U.S. session low of 117.82 yen after the surprisingly weak report ...
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 ...
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 ...


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Banking Review 2013

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