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Dollar hits 4-year high, heads for best quarter in 6 years NEW YORK: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its biggest quarterly gain in six years.The Norwegian crown was another big mover, up 0.9 percent to a three-week high of 8.1084 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in October."U.S. data have been very supportive of the dollar against other major currencies," said Sireen Harajli, currency strategist at Mizuho Corporate Bank in New York.The dollar index, which measures it against a basket of six major currencies, has gained almost 8 percent over the last three months, the biggest quarterly gain since 2008 and a record-breaking 11 successive weeks of gains. It was last up 0.4 percent at 85.93.The U.S. economy will outgrow its counterparts ...

US dollar share of central bank FX reserves steady in Q2: IMF NEW YORK: The US dollar share of global central banks' currency reserves was a little more than 60 percent in the second quarter of 2014, according International Monetary Fund data released on Tuesday.The greenback's share of FX reserves was $3.830 trillion, or about 60.6 percent of total allocated reserves, roughly the same as the first quarter. At the beginning of the financial crisis in 2008, the dollar's share of global currency reserves was about 63 ...
Dollar rally pauses as Hong Kong protests raise jitters NEW YORK: The dollar dipped on Monday as its three-month rally took a breather on nervousness over Beijing's response to democracy protests in Hong Kong over weekend and whether they might hurt its economy and status as a global financial hub. The dollar's rally on expectations the Federal Reserve would raise interest rates in the mid-2015 was seen as overdone and the currency was headed for a pullback, analysts said. "The situation in Hong Kong ...
US GDP data drives dollar toward 11th weekly gain NEW YORK: The dollar rose on Friday and was tracking toward an 11th straight week of gains against a basket of currencies, which would extend the longest winning streak for the greenback since its 1971 free float under President Richard Nixon.The dollar index got extra lift from upwardly revised US gross domestic product data, adding 0.4 percent and hitting a fresh four-year peak of 85.521 even as strategists and traders predicted a pullback in the ...
C$ hits deeper six-month low as Fed, BoC policy seen diverging TORONTO: The Canadian dollar deepened its six-month low against its US counterpart on Friday as expectations grew that US Federal Reserve monetary policy would start to tighten, while central banks elsewhere, including Canada, stay where they are.The Bank of Canada made a series of comments this week that signaled to markets it was in no rush to raise interest rates. Bank officials noted that stronger inflation over the past half year has been due to ...
Dollar rises and euro sags as rate gaps widen NEW YORK: The dollar jumped on Thursday to fresh highs against other major currencies as investors betting European and American monetary policies are parting ways knocked the euro to an almost two-year low against the U.S. currency.The euro fell as far as $1.26955 on trading platform EBS, its lowest since November 2012. This helped push the dollar index, which measures the greenback against a basket of major currencies, to a four-year high of 85.485.Selling in ...
C$ softens to 6-month low; Fed expectations drive US win streak TORONTO: The Canadian dollar retreated to a six-month low against its US counterpart on Thursday, as the greenback powered higher on expectations that the Federal Reserve will likely end its bond-buying next month and begin raising the cost of borrowing next year.The US dollar's winning streak, on track to be the longest since the early 1970s, comes as the Canadian dollar faces pressure at home. A series of dovish comments from the Bank of Canada ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln