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Dollar up against euro on policy outlook, strong data NEW YORK: The dollar rose against major currencies on Wednesday on strong U.S. economic data and conviction that the U.S. Federal Reserve will cut back its stimulus measures, but fell against emerging market currencies on a calming of fears surrounding Ukraine.Expectations that the Fed will reduce monetary accommodation led investors to favor the dollar against the euro, which was hit Tuesday after European Central Bank policymakers hinted at a softening of monetary policy.Investors had bought the dollar last week after Fed Chair Janet Yellen suggested the possibility of raising interest rates early next year."With the ECB leaning one way, and with the most recent FOMC and Janet Yellen comments leaning the other direction, the medium-term view is that the dollar will be stronger versus the euro," said Alan Ruskin, global head of G10 currency strategy at Deutsche Bank in New York.European Central Bank governing council member and Bundesbank chief Jens ...

C$ firms modestly, but sticks to a narrow range TORONTO: The Canadian dollar firmed modestly against the greenback on Monday, consolidating after recent declines, but a lack of domestic data this week kept the currency in a narrow trading range.Still, the loonie was able to shrug off early weakness that was spurred by news that manufacturing activity in China contracted in the first quarter.An index of manufacturing in China fell to an eight-month low in March. The index has shown contraction since January amid ...
Euro pushes back against dollar helped by firm PMI data NEW YORK: The euro headed higher against the dollar Monday helped by an improvement in eurozone business activity this month.Boosted by gains from France, the Eurozone Composite purchasing managers index reached 53.2 in March and follows a 53.3 reading in February. And with a slight acceleration in new orders, the data suggests growth could continue in April.At around 2200 GMT, the euro traded at $1.3835, up from $1.3794 late Friday.The euro gained to 141.48 yen ...
C$ strengthens as inflation higher than expected TORONTO: The Canadian dollar got a reprieve from recent heavy selling and firmed against the greenback on Friday after data showed that inflation was higher than expected last month, while retail sales rebounded in January.While the annualized inflation rate slowed to 1.1 percent in February from 1.5 percent the previous month, it beat expectations for a 0.9 percent rise in consumer prices.The loonie touched a session high shortly after the data was released as the ...
Dollar rally fizzles as euro comes off lows NEW YORK: The dollar's three-day rally sputtered on Friday as the euro rose against the greenback on after data showed a record euro zone current account surplus in January. The dollar, whose gains accelerated on Wednesday after the chair of the Federal Reserve hinted that US interest rates may rise sooner than anticipated, eased against other major currencies. The US dollar index, which measures the dollar against six major currencies, declined by 0.08 percent to ...
Euro creeps up after sanctions over Crimea vote NEW YORK: The euro edged up against the dollar Monday after the US and Europe slapped sanctions on an inner circle of Russians and Ukrainians who supported Crimea's vote to join Russia.The overwhelming pro-Russia vote Sunday was expected, and the United States and the European Union acted swiftly Monday to impose economic sanctions on key leaders of the breakaway move they denounced as a violation of international law.The euro rose to $1.3921 around 2100 GMT, ...
Yen slides as Russia sanctions seen as modest NEW YORK: The safe-haven yen fell broadly on Monday after the United States and the European Union imposed what investors perceived to be modest economic sanctions on some officials of Russia and Ukraine following Crimea's vote to join Moscow over the weekend.Although investors are not ruling out another flare-up in tensions between Russia and Ukraine, many do not expect contagion to major markets. The lack of military conflict between the two countries has also appeased ...


Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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WeeklyApril 14, 2014
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