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Euro adds losses on FT report on IMF, Greece NEW YORK: The euro's losses against the dollar grew on Thursday as traders cited a Financial Times report that said the International Monetary Fund's staff told the board Greece's high indebtedness and its poor record of implementing reforms disqualify the euro zone nation from another IMF rescue. The single currency hit a session low of $1.0911 before edging up to $1.0922, down 0.55 percent on the day. The euro reached a session low of 135.73 yen before firming to 135.80 yen, down 0.2 percent from late on Wednesday. Copyright Reuters, 2015 ...

Dollar gains as US growth supports rate-hike view NEW YORK: The dollar rose to its highest in a week against a basket of currencies Thursday as news of faster US economic growth in the second quarter supported expectations that the US Federal Reserve will raise interest rates as early as September. The government's first assessment of gross domestic product growth in the second quarter was 2.3 percent, swifter than a revised 0.6 percent in the first quarter but lower than the consensus 2.6 ...
C$ firms with Fed meeting in spotlight TORONTO: The Canadian dollar firmed against its US counterpart on Tuesday as investors positioned themselves ahead of Wednesday's Federal Reserve interest rate decision.The price of oil, a major Canadian export, remained under pressure amid a sell-off in Chinese stocks and concerns about oversupply, but was a touch higher after sliding earlier in the session.The US central bank kicks off a two-day meeting on Tuesday and will issue its policy statement on Wednesday. Some expect the ...
Dollar rebounds against euro, yen as focus turns to Fed NEW YORK: The US dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday.Traders said anticipation that the central bank could reinforce expectations for a September rate hike helped boost the dollar after the biggest dive in Chinese equity markets in eight years had weighed on ...
Dollar tumbles after China share plunge spurs flight to safety NEW YORK: The US dollar hovered around a nearly two-week low against a basket of major currencies on Monday after the biggest drop in Shanghai shares in eight years drove demand for the safe-haven yen and led traders to trim bets against the euro. Shanghai stocks tumbled 8.5 percent, dragging European shares down more than 2 percent and the US benchmark S&P 500 index to its lowest in more than two weeks. Analysts said traders ...
C$ dives to 2004 lows as US$ firms, commodities concerns grow TORONTO: The Canadian dollar crashed through 2009 lows against the US dollar on Friday to trade at levels not seen since 2004, pushed down by a stronger greenback and broad concerns that slow global economic growth will hurt commodities-driven currencies.The move came as the price of oil, a major Canadian export, stabilized but remained below $49 a barrel. Weaker-than-expected economic data from China, the world's biggest metals consumer, sent currencies linked to global commodity prices, ...
Weak overseas economic growth boosts dollar, Aussie at 6-year low NEW YORK: The US dollar rose against most other major currencies on Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest level in 15 months. Recent US figures have supported the notion that the Federal Reserve sees the economy as strong enough for it to end its near zero interest rate policy as early as September, an ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln