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Dollar slumps as recent sharp gains could delay Fed hike NEW YORK: The dollar fell across the board on Monday as investors fretted that its recent rapid rise could prompt the Federal Reserve to be a little more cautious about raising interest rates this year. The greenback has risen about 24 percent against a major currency basket since May, and it could become a key issue at this week's Fed monetary policy meeting."The concern ... is that the dollar has gone too fast too soon, and this could affect the Fed's inflation goal," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. There are also lingering concerns about the US labor market, said Brian Dolan, head market strategist at online brokerage platform DriveWealth in Chatham, New Jersey."While much has been made of the US recovery, recent data, apart from large gains in monthly jobs numbers, suggest there is still plenty of room for caution," Dolan said. ...

C$ little changed as markets await US Fed OTTAWA: The Canadian dollar was little changed against the greenback on Monday as investors were wary of taking aggressive bets ahead of a US Federal Reserve decision and major domestic economic data later in the week.Despite US crude prices that hit a six-year low on Monday on heightening concerns that the United States may run out of oil storage, the loonie managed to hold its ground, gaining support from profit-taking in the US dollar. US ...
C$ little changed as markets await US Fed OTTAWA: The Canadian dollar was little changed against the greenback on Monday as investors were wary of taking aggressive bets ahead of a US Federal Reserve decision and major domestic economic data later in the week.Despite lower oil prices on Monday, the loonie managed to hold its ground, gaining support from profit-taking in the US dollar.Investors were focused on whether the Federal Reserve, in its policy announcement on Wednesday, would drop its pledge to be ...
Dollar sinks as recent sharp gains could impact Fed rate hike NEW YORK: The dollar fell across the board on Monday, as investors fretted that the greenback's rapid rise could prompt the Federal Reserve to be a little more cautious about raising interest rates this year.The U.S. currency has risen about 24 percent against a basket of currencies since May and it could become a key issue at this week's Fed monetary policy meeting."The Fed dominates this week, and the concern among some in the market ...
C$ pares session losses after Canada jobs data TORONTO: The Canadian dollar pared earlier session losses on Friday after data showed the economy lost fewer jobs than expected in February. Canadian jobs decreased by 1,000 in February compared with forecasts for a loss of 5,000. The unemployment rate rose to 6.8 percent, with 34,000 full-time jobs created and 34,900 part-time jobs lost. The Canadian dollar firmed to C$1.2725 to US dollar, or 78.59 US cents, stronger than just prior to the data's release, ...
Dollar rally stalls, euro climbs from fresh 12 years low NEW YORK: The dollar fell against the euro on Thursday as investors took profits after a powerful rally brought the greenback to a 12-year high in early trade, then surprisingly weak U.S. February retail sales stoked the sell-off.The euro remained down 12 percent year-to-date, careening toward parity with the dollar as monetary policies ease in Europe and elsewhere at a time of stronger U.S. economic growth and expectations the Federal Reserve will start raising interest ...
C$ firms but oil price, jobs worry cut into early gain TORONTO: The Canadian dollar closed stronger against the greenback on Thursday but lower crude prices and market anticipation of a weak Canadian employment report for February on Friday cost it most of its early gains.The price of oil, a major Canadian export, fell on forecasts for another big supply build, with US crude settling down 2.3 percent at $47.05 a barrel, and Brent finishing nearly 1 percent lower at $57.08."We saw crude sell off aggressively, ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln