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US dollar gains on stronger-than-expected housing data NEW YORK: The US dollar hit nine-month highs against the euro and rose against a basket of major currencies on Tuesday after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.U.S. housing starts surged 15.7 percent to a seasonally adjusted annual 1.09-million unit pace in July, snapping two straight months of declines, the Commerce Department said on Tuesday. Economists polled by Reuters had expected starts to rise to a 969,000-unit rate last month."The improvement in housing starts may reduce the concern about the risks to the economy from a stagnation in the housing market," said Brian Daingerfield, currency strategist at the Royal Bank of Scotland in Stamford, Connecticut.He said continued improvement in housing data could boost the Fed's confidence in hiking interest rates next year. Investors are closely watching for signs of when the U.S. central bank will hike rates from rock-bottom lows, which ...

Euro slips as Ukraine tensions ease NEW YORK: The euro softened Monday after a Berlin meeting between the foreign ministers of Ukraine and Russia helped lower market worries, even if it did not resolve tensions between the two.Traders had fled higher-risk currencies to safe havens on Friday after Ukraine said it had destroyed some Russian armored cars, sparking fears of an escalation. But Russia dismissed the claim.Then, five hours of talks late Sunday that also involved the foreign ministers of Germany ...
C$ little changed as data offsets risk appetite TORONTO: The Canadian dollar was little changed against the greenback on Monday as stronger risk appetite in financial markets broadly was offset by data that showed foreign investors were net sellers of Canadian securities in June.The loonie was expected to trade in a range in the near term with Canadian inflation and retail sales data due on Friday, and with the annual gathering of central bankers and economists in Jackson Hole getting underway later in ...
US dollar gains on reduced Ukraine-Russia tensions, US housing data NEW YORK: The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive U.S. housing data.Tensions between Russia and Ukraine were viewed as less heated following talks among Russia, Germany, France and Ukraine on Sunday. Russia said all objections to it sending a humanitarian convoy to Ukraine had been resolved, but no progress was made toward a ceasefire between government and rebel forces in the ...
Russia-Ukraine tensions drive yen, Swiss franc higher NEW YORK: News that Ukraine had attacked a Russian military convoy that entered its territory sent investors fleeing to the safe-haven yen and Swiss franc on Friday, while the dollar slipped.The foreign-exchange market reacted in a relatively muted fashion to the spike in geopolitical tensions between the neighboring countries, which had weighed on US and European equity markets and sent oil prices surging higher.Ukrainian President Petro Poroshenko said that government artillery had destroyed a "considerable ...
C$ highest in over two weeks after revised jobs data TORONTO: The Canadian dollar firmed against the greenback on Friday to its highest in over two weeks after revised data showed the domestic economy added far more jobs in July than earlier reported.The loonie also got some help from a separate report that showed factory sales increased in June for the fifth time in six months. The combined reports sent the loonie to near a session high, where it was flirting with breaking through both ...
Dollar weakens on repositioning before weekend NEW YORK: The US dollar weakened against the euro on Friday, erasing much of the week's gains, as investors that had bet on the greenback's strength closed out positions before the weekend. Investors had been trimming short bets on the euro before the release of US economic data on Friday, sending the greenback lower. The dollar pared some of its weakness after data showed that US industrial production edged higher in July, as production of ...

 



 
Index Closing Chg%
Arrow DJIA 17,122.01 0.09
Arrow Nasdaq 4,569.62 0.02
Arrow S&P 2,000.12 0.01
Arrow FTSE 6,830.66 0.12
Arrow DAX 9,569.71 0.19
Arrow CAC-40 4,395.26 0.04
Arrow Nikkei 15,534.82 0.09
Arrow H.Seng 24,918.75 0.62
Arrow Sensex 26,560.15 0.44





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln