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Dollar rises again on expectations of US Fed action NEW YORK: The dollar Friday continued its upward lurch after Wednesday's US Federal Reserve meeting added to expectations that the US central bank will raise interest rates before other central banks.The greenback has been trending higher against the euro, the yen and other currencies since the Fed kept interest rates low and said the US central bank would be "patient in beginning to normalize the stance of monetary policy."While the Fed did not accelerate the timing to raise interest rates, currency traders are betting the US will normalize policy more quickly than its counterparts.On Friday, David Song, currency analyst at DailyFX, said the dollar was well-positioned to gain on the British pound because "market participants see the Federal Open Market Committee normalizing monetary policy ahead of the Bank of England."The US central bank "remains on course to remove the zero-interest rate policy in mid-2015, while its UK counterpart may further ...

C$ retreats after Canadian weaker than expected inflation data TORONTO: The Canadian dollar touched its weakest level of the session against the US dollar on Friday after data showed the country's annual inflation rate eased in November to an unexpectedly low 2.0 percent due to cheaper gasoline prices. The Canadian dollar touched C$1.1635 to the U.S dollar, or 85.95 US cents, weaker than immediately before the data was released and weaker than Thursday's finish of C$1.1597. or 86.23 US cents. Copyright Reuters, 2014 ...
C$ steady as Fed moves closer to hike, oil prices rebound TORONTO: The Canadian dollar held steady against the greenback on Wednesday, as a surge in oil prices offset a strong signal from the US central bank that it was on track to raise interest rates sometime next year.The Federal Reserve altered a pledge to keep rates near zero for a "considerable time" in a show of confidence in the USeconomy.The prospect of higher interest rates helped the US dollar rally against a range of currencies."It's ...
Dollar rallies broadly after Fed signals 2015 rate hike NEW YORK: The US dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. The dollar hit its highest levels against the euro and Swiss franc in over a week after the Fed altered a pledge to keep rates near zero for a "considerable time" in a show of confidence in the US economy. "Markets ...
Dollar gains as Fed stays course on monetary policy NEW YORK: The dollar jumped against other major currencies Wednesday as the US Federal Reserve signaled no shift in its expectation to raise interest rates in 2015.The Fed left its key interest rate, the federal funds rate, at the 0-0.25 percent level, where it has been for six years to help the US emerge from deep recession.The Federal Open Market Committee "judges that it can be patient in beginning to normalize the stance of monetary ...
C$ steady as markets await Fed, eye oil and rouble risks TORONTO: The Canadian dollar was little changed against the greenback on Wednesday as markets waited to hear what kind of tone the US Federal Reserve will adopt in its policy statement later in the session.Markets are trying to gauge when the Fed will start to raise interest rates and have zeroed in on its often-used phrase "considerable time" to see if it keeps that language in its final policy statement of 2014. The statement is ...
C$ firms on profit taking, cheap oil keeps loonie under pressure TORONTO: The Canadian dollar firmed slightly against its US counterpart on Tuesday after four straight days of declines as investors booked some profits, but with no bottom in sight for plunging crude prices and global market sentiment negative, the loonie was expected to retreat further.Volatile markets sent investors fleeing to safety a day after the Russian central bank hiked interest rates 650 basis points to 17 percent in a failed attempt to halt a collapse ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln