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Dollar gains slightly after US data fails to derail growth outlook NEW YORK: The U.S. dollar edged higher against a basket of major currencies on Thursday after U.S. data on consumer spending and jobless claims did not stray far enough from expectations to disturb optimism surrounding economic growth.The Commerce Department said consumer spending increased 0.2 percent in May after being flat in April. Spending, which accounts for more than two-thirds of U.S. economic activity, had been forecast rising 0.4 percent.In a separate report, the Labor Department said new applications for state unemployment benefits slipped 2,000 to a seasonally adjusted 312,000 for the week ended June 21. The reading was slightly higher than expectations."The fact that (consumer spending) came in pretty much on expectations has led the market to believe we've got a reprieve here from weaker data," said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange in New York. The dollar fell Wednesday after a weaker-than-expected revision of first quarter U.S. ...

Larger Q1 contraction send US dollar lower NEW YORK: A much larger than expected first quarter contraction in the US economy sent the dollar lower Wednesday, with investors taking the report as dovish for interest rates.US treasury yields also sank on the news that the economy shrank 2.9 percent in the January-March period, far greater than the 1.0 percent previously estimated and the sharpest fall since the 2008-2009 recession.That put a damper on recent speculation that growth is stronger than the Federal ...
Dollar holds steady despite upbeat US economic data NEW YORK: The dollar held steady on Tuesday amid positive US economic data seen as not strong enough to push the Federal Reserve to advance the start of interest rate increases.US consumer confidence rose in June to its highest level since January 2008 and new-home sales scored their strongest monthly gain in 22 years in May, hitting the highest pace since May 2008."At the start of the week we were skeptical about the ability of ...
Euro holds steady despite weak eurozone data NEW YORK: The euro held largely unchanged against the dollar Monday, despite poor economic data for the 18-nation eurozone pointing to slowing growth, and a deeper contraction in France."Forex volatility continues to trade near record-lows and seemingly little promises to break the euro and the US dollar out of recent ranges," said David Rodriguez at DailyFX.Eurozone business activity slipped for the second month running in June, suggesting the single-currency bloc's modest recovery could be stalling.Markit ...
Dollar rebounds slightly on euro NEW YORK: The dollar edged higher against the euro after two days of losses in overall relatively steady foreign exchange markets on Friday.The growing fighting in Iraq kept investors more focused on low-risk currencies, with little movement in US Treasury bonds as well.The dovish comments from Federal Reserve Chair Janet Yellen on Wednesday, which contrasted with slightly more hawkish forecasts for interest rates from Fed officials, kept trader eyes on economic data. But that too ...
Dollar falls after Fed holds course on rates NEW YORK: The dollar Wednesday weakened against other major currencies after the US Federal Reserve kept its policy of ultra-low interest rates and did not accelerate the time-frame for raising them.The Fed, as expected, reiterated its policy of tapering stimulus while keeping monetary policy "highly accommodative." However, some analysts had thought the Fed could signal a faster time-frame for lifting benchmark interest rates. The Fed has previously suggested mid-2015 for the shift.Instead, Fed Chair Janet ...
Dollar strengthens on higher US inflation NEW YORK: The US dollar picked up strength against other major currencies Tuesday on a stronger-than-expected inflation report that came just as the Federal Reserve began a two-day monetary policy meeting.The Fed is not expected to make any changes to current policy -- the federal funds rate will remain near zero and the monthly stimulus bond buying will be tapered back another $10 billion to $35 billion, on track to be wound up later this ...

 



 
Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21





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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