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Dollar gains as upcoming jobs data stokes rate hike expectations NEW YORK: The dollar gained on Monday as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market. Strong job gains may boost expectations that the Federal Reserve is closer to raising interest rates, which many see as likely to begin in September. Employers are expected to have added 223,000 jobs in July, according to the median estimate of 100 economists polled by Reuters. "The labor market data on Friday is the big event," said Win Thin, global head of emerging market strategy at Brown Brothers Harriman & Co in New York. "The Fed is ready to lift off; if we get a strong reading on jobs, over 200,000, the lift-off is on track." Many investors see the Fed as likely to raise rates even as other indicators point to middling growth and still-low inflation. The greenback pared gains earlier on Monday ...

Weak Mexican peso stokes price pressure, shakes up central bank MEXICO CITY: Mexican companies warn they will have to raise prices if a steep slide in the peso currency persists, adding pressure on the central bank to hike interest rates despite a weak economy. With economic growth running at only slightly above 2 percent, business leaders have mainly held back from passing the increased costs of imported goods and materials on to consumers, but some now say they cannot continue to bear the full burden. ...
Dollar pares gains as manufacturing data disappoints NEW YORK: The dollar pared gains against the euro on Monday after data showed the pace of growth in the US manufacturing sector slowed in July. The Institute for Supply Management said its index of national factory activity fell to 52.7 from 53.5 the previous month. The reading was shy of expectations that the pace would remain unchanged at 53.5, according to a Reuters poll of economists. A reading above 50 indicates expansion in the ...
C$ dives briefly, then firms as greenback takes a hit TORONTO: The Canadian dollar was firmer against its US counterpart on Friday after figures that showed the Canadian economy shrank in May for the fifth straight month were overshadowed by US data that weakened the greenback.The loonie flirted briefly with its weakest levels in more than a decade following the Canadian gross domestic product data, the latest sign the country was likely in recession in the first half of the year.The US dollar fell against ...
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 $1.0922, down 0.55 percent on the day. The euro reached a session low of 135.73 ...
Dollar gains as US growth supports rate-hike view NEW YORK: The dollar rose to its highest in a week against a basket of currencies Thursday as news of faster US economic growth in the second quarter supported expectations that the US Federal Reserve will raise interest rates as early as September. The government's first assessment of gross domestic product growth in the second quarter was 2.3 percent, swifter than a revised 0.6 percent in the first quarter but lower than the consensus 2.6 ...
C$ 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 ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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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 27, 2015
Reserves $18.509 bln