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C$ strengthens as US durable goods orders drop, eye on Fed TORONTO: The Canadian dollar strengthened against the greenback on Tuesday after US durable goods orders came in weaker than expected, helping nudge oil prices higher, but markets were already looking ahead to the conclusion of the Federal Reserve's policy meeting on Wednesday.The US dollar weakened after government data showed new orders for capital goods by US businesses recorded their biggest drop in eight months in September.The drop in the US dollar helped Brent crude oil prices rise above $86 a barrel. A weaker dollar helps global consumers buy dollar-denominated commodities such as oil."Oil has been one of the key drivers of markets generally and so we have a more encouraging sentiment within market generally, and typically that's usually a fairly good environment for the Canadian dollar," said Camilla Sutton, chief currency strategist at Scotiabank."But the broad picture is that the Canadian dollar has really been stuck in a range, a ...

Dollar index pares loss after consumer confidence data NEW YORK: The dollar index pared its decline on Tuesday as a private gauge on U.S. consumer confidence hit its highest level in seven years, reducing worries over disappointing data on domestic home prices and durable goods orders.The Conference Board said its index on U.S. consumer confidence rose to 94.5 in October from an upwardly revised 89.0 in September. Economists forecast an October reading of 87.0.The surprisingly upbeat figure was the strongest since October 2007.The ...
Euro up on US data but stymied by German business sentiment NEW YORK: The euro recovered lost ground in limited trade on Monday, boosted by weaker-than-expected US housing data that softened a blow to the currency from news that German business morale fell. The German data took the shine off better-than-expected stress-test results for European banks issued on Sunday but widely leaked at the end of last week. US September pending home sales gained 0.3 percent, according to the National Association of Realtors, versus a 0.5 ...
C$ weakens on softer oil prices, Fed in view this week TORONTO: The Canadian dollar weakened modestly against the greenback on Monday, pressured by a decline in oil prices and as investors were wary of taking aggressive bets ahead of a meeting of Federal Reserve policymakers later in the week.Analysts said that the loonie is likely to trade in a tight range until the Fed's policy announcement at the conclusion of its two-day meeting on Wednesday. The currency is also consolidating from the more than five-year ...
C$ weakens as softer oil prices weigh TORONTO: The Canadian dollar weakened against the US currency on Monday, hurt by a slide in the price of oil that dampened the prospects for Canadian energy exporters.Brent crude oil fell below $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand despite a pick-up in global economic growth."Particularly for the Canadian dollar here, it's oil prices," said Shaun Osborne, chief currency strategist at TD Securities. "That ...
Euro rebounds on US data, hemmed in by German business sentiment NEW YORK: The euro recovered lost ground in rangebound trade on Monday, boosted by weaker-than-expected U.S. housing data that softened the blow to the euro zone common currency from news that German business morale fell.The German data had taken the shine off better-than-expected stress-test results for European banks issued on Sunday but widely leaked at the end of last week.U.S. September pending home sales gained 0.3 percent, according to the National Association of Realtors, versus ...
Brazil currency opens sharply lower on Rousseff re-election SAO PAULO/RIO DE JANEIRO: Brazil's currency plunged early on Monday while stocks were also expected to sell off following the victory of President Dilma Rousseff over pro-business challenger Aecio Neves in Sunday's presidential election.The Brazilian real opened about 3 percent lower at 2.53 to the U.S. dollar and is down nearly 7 percent this year.The sell-off may be contained in the next few days, however, if Rousseff signals she will tweak economic policy to boost ...

 



 
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Arrow DJIA 17,810.06 0.51
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln