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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 dollar rally. The euro, which has fallen sharply against the dollar since May as economic growth in the euro zone has sputtered and US prospects have brightened, was off 0.35 percent against the dollar and last traded at $1.2702. Currency rallies rarely extend uninterrupted, with just a handful having lasted beyond eight weeks since the 1970s, according to currencies strategist Martin Schwerdtfeger at TD Securities in Toronto."Given the impressive rally in the dollar we have ...

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 ...
Dollar rises; pound sells off after Scotland vote NEW YORK: The dollar advanced Friday against other major currencies, while the British pound retreated despite Scotland's vote against breaking from the United Kingdom. The greenback hit a 14-month high against the euro, as "the coast was clearer for markets to focus on US optimism and expectations for Fed rate hikes in 2015" following the Scottish vote, said Joe Manimbo, senior market analyst at Western Union Business Solutions.The dollar has rallied against the euro, the ...
C$ firms on US data, rethink of Fed stance TORONTO: The Canadian dollar firmed against the greenback on Thursday as investors reassessed the previous day's policy statement from the US Federal Reserve, while markets globally were bracing for the results of Scotland's independence referendum.The loonie was also supported by weak housing data south of the border, as well as data at home that showed foreign investors resumed buying Canadian securities in July.The currency recovered much of the ground lost in a selloff the previous ...
Dollar climbs to six-year peak vs yen on higher Fed rate forecasts NEW YORK: The dollar jumped to a six-year high against the yen on Wednesday while the euro tumbled from five-month peaks after forecasts from the Federal Reserve showed a faster pace of rate hikes over the next few years than had been projected in June.The Fed's statement after a two-day policy meeting remained cautious, however, sticking to its low-interest-rate pledge for a "considerable time" and expressing concern about slack in the labor market, but currency ...

 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





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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 10, 2014
Reserves $13.401 bln