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Dollar rises to seven-week high on rate-hike expectations NEW YORK: The dollar index rallied to a seven-week peak on Thursday, with an easing in jobless claims reinforcing market expectations of a 2015 US interest rate hike. A day after Federal Reserve Chair Janet Yellen signalled that the first rise in US rates in nearly a decade was likely this year, the US Labor Department reported an unexpected dip in new applications for unemployment payments.The data for the week to July 11 showed a decline of 15,000 applications to 281,000 and pointed to a solid labor market, a key metric for Yellen and other policymakers considering a rate hike possibly as soon as September. The US dollar index, composed of the euro and five other currencies traded against the greenback, touched a high last seen May 27 and was last up 0.33 percent. The euro, which had inched up briefly after Greek legislators signed off on tough bailout terms, ...

Yen, Swiss franc weaken as China stocks gain, Greek fears ease NEW YORK: The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan.The 6 percent gain in Shanghai shares was enough to restore optimism from investors after a rough month dominated by Greece's troubles and a more than 30 percent drop in China's main stock market indexes.Those elements were behind ...
C$ softens on weaker oil, disappointing China data OTTAWA: The Canadian dollar weakened against the greenback on Friday as oil prices slipped and as data showed service sector activity slowed in China, a major consumer of commodities.Investors were also wary of taking aggressive bets heading into Sunday's Greek referendum on the country's bailout terms with lenders. An opinion poll showed supporters of the terms have taken a slim lead.Talks between Greece and international lenders collapsed last weekend, causing Greece to miss a payment ...
C$ pulls back from 2-1/2-month low OTTAWA: The Canadian dollar touched a 2-1/2-month low against the greenback on Thursday before clawing back some gains as the currency continued to be dogged by uncertainty over the Greek crisis and reduced expectations for the Canadian economy.Investors remained on watch about Greece's fate a day after the country's prime minister urged Greeks to reject an international bailout deal in a referendum this weekend. Greece defaulted on its debt to the International Monetary Fund earlier ...
Dollar slips after US jobs data signals later Fed rate hike NEW YORK: The US dollar slipped against a basket of major currencies on Thursday after US jobs data lagged expectations, pushing out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses. Nonfarm payrolls increased by 223,000 last month, the Labor Department said.Adding to the report's soft note, April and May data was revised to show 60,000 fewer jobs were added than previously reported. While the ...
Euro holds steady, awaiting Greek developments NEW YORK: Ongoing Greek debt talks sidelined currency investors on Thursday, demonstrating their unwillingness to take bold positions as deadlines for a deal come and go, leaving the euro unchanged against the greenback.Even upbeat U.S. economic data did little to help the dollar advance. U.S. consumer spending recorded its largest increase in nearly six years on strong demand for automobiles and other big-ticket items, bolstering evidence of gathering growth momentum in the second quarter."Watching Greek ...
C$ steady as markets await Fed decision TORONTO: The Canadian dollar was little changed against its US counterpart on Tuesday as a stronger greenback, bolstered in part by supportive housing-related data, offset a rise in US crude prices, while overall trading was extremely range-bound.US housing starts fell last month after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high signaled underlying strength in the market, which has seen prices and sales rising.The ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln