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Euro gains for 3rd day, helped by Fed minutes NEW YORK: The euro pushed higher against the dollar for the third straight session Wednesday, helped by Federal Reserve meeting minutes which showed the US central bank still firmly dovish.But the pair remained in a narrow range, as did most major currencies amid continued stability in global rates.The minutes to the Fed's June 17-18 policy meeting contained no surprises, but did confirm that the quantitative easing bond-purchase operations, in place since 2008 to hold interest rates down, will be wound up in October.But on balance they showed the Fed less concerned about inflation and more about high unemployment and slow growth, including drag from slow economies in Europe and Asia."The dollar should have reacted positively to the prospect of QE ending in the beginning of Q4 and it did spike higher initially but 15 minutes after the Fed minutes were released, the dollar reversed course and gave up its gains," ...

Euro edges higher on dollar NEW YORK: The euro moved slightly higher against the dollar for a second day Tuesday as the wind went out of US stocks and speculation of an early US rate rise eased.But market movements in the major currencies were generally minor with few signals for any direction changes.The British pound was flat against the dollar and euro, and the yen was barely changed as well.Kathy Lien of BK Asset Management said the momentum on the ...
Euro, yen edge higher in quiet forex market NEW YORK: The euro was slightly higher against the dollar while the yen picked up a little ground in mostly quiet forex market action Monday.A fall for the third straight month in German industrial production in May hit share markets but had no real impact on the common currency.According to the economy ministry, industrial output decreased by 1.8 percent in May, after slipping by 0.3 percent in April. Manufacturing output was down 1.6 percent and ...
C$ resumes climb after jump in building permits TORONTO: The Canadian dollar strengthened against the greenback on Monday, resuming its recent climb after data showed building permits surged far more than expected in May.The bounce put the loonie on strong footing at the start of a week that features some key Canadian economic data, including housing starts and the monthly unemployment report.The value of Canadian building permits shot up by 13.8 percent in May, the fastest rate since July 2013. Those figures lifted ...
C$ weakens to session low after disappointing GDP data TORONTO: The Canadian dollar weakened to a session low against the greenback on Monday after data showed the domestic economy grew at a slower pace than expected in April.The Canadian dollar was at C$1.0696 to the greenback, or 93.49 U.S. cents, weaker than Friday's close of C$1.0661, or 93.80 U.S. cents. The loonie touched a session low of C$1.0697 shortly after the data was released. Copyright Reuters, 2014 ...
Dollar slips vs. euro after dim US economic data NEW YORK: The dollar slipped against the euro Friday after dreary data on the US economy this week had traders expecting the Federal Reserve will keep ultra-low interest rates well into 2015.On Thursday US consumer spending data for May showed a mere 0.2 percent increase from April, but adjusted for inflation, spending actually fell 0.1 percent.News of the weakness in consumer spending, the main driver of the US economy, came a day after the government ...
C$ builds on recent momentum, hits 5-1/2 month high TORONTO: The Canadian dollar firmed against the greenback on Thursday, hitting a 5-1/2-month high as a dearth of domestic economic data this week cleared the way for it to extend its recent run higher.Some weakness in the US dollar also benefited the Canadian dollar after data showed US consumer spending rose less than expected in May.The loonie has only declined in one session this week so far, continuing the gains it made last week on ...


Index Closing Chg%
Arrow DJIA 16,919.59 0.48
Arrow Nasdaq 4,527.52 0.43
Arrow S&P 1,981.60 0.50
Arrow FTSE 6,779.31 0.56
Arrow DAX 9,334.28 0.96
Arrow CAC-40 4,254.45 0.56
Arrow Nikkei 15,449.79 0.83
Arrow H.Seng 25,122.95 0.67
Arrow Sensex 26,420.67 0.11

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln