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Euro hits fresh nine-year low on expectation of ECB action NEW YORK: Negative economic reports from Europe and positive US data pushed the euro to a fresh nine-year low on Thursday for a fifth day of losses as diverging monetary policies continued to bolster the greenback.The European Central Bank meets on Jan. 22 when investors expect it to finally launch a program of government bond buying with new money, a policy known as quantitative easing. That contrasts with a Federal Reserve poised to start tightening US policy, in effect limiting the availability of cheap funding, as the economy looks to be on firmer footing. "I'm in a very crowded room where everybody is saying buy the dollar, and really they have already bought the dollar," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York. "My best guess now is that on Jan. 22 when the ECB meets we could be setting ourselves up for ...

Euro falls vs dollar on negative eurozone inflation NEW YORK: The euro slid against the dollar Wednesday after eurozone inflation turned negative, raising hopes for fresh stimulus from the European Central Bank.Consumer prices dropped by 0.2 percent in December in the eurozone, the first time inflation has been in negative territory since October 2009 amid the financial crisis, European Union data showed.The weak inflation number, reflecting in part the collapse of global oil prices, raised fears that the ailing eurozone is on the ...
Canadian dollar seen pressured by cheap oil, expected Fed hike TORONTO: The Canadian dollar is expected to trade near a five-year low against its US counterpart for much of this year, under pressure from a crash in crude oil prices and an impending US interest rate hike, according to a Reuters poll.Currency strategists polled by Reuters have slashed their forecasts from a month ago after a rocky start to 2015, with heavy selling that has already knocked down the loonie nearly 2 percent to its ...
C$ drops as trade data adds to its woes TORONTO: The Canadian dollar weakened further against the greenback on Wednesday as a bigger than forecast Canadian trade deficit for November compounded the negative tone that has pervaded the market during the oil-price rout.Canada's trade deficit was C$644 million, sharply higher than the C$300 million that market operators had expected, with exports showing their biggest monthly drop in more than two years, down 3.5 percent."I think the trade data in general has been receiving a ...
Euro at nine-year low; euro zone inflation turns negative NEW YORK: Investors on Wednesday sent the euro to a nine-year low after data showed euro zone prices fell for the first time since 2009, increasing pressure on the European Central Bank to loosen monetary policy.Expectations the ECB will take bold action and flood the euro zone with cash in order to stimulate economic growth and inflation rekindled the winning trade of the last six months of selling the euro short on the expectation it ...
Dollar firms vs euro as stocks, oil markets slide NEW YORK: The dollar gained against the euro on Tuesday as investors flocked to the traditional safe-haven currency amid another day of turmoil on financial markets.Another sharp fall in crude-oil prices roiled US and European stock markets, leaving the blue-chip Dow Jones Industrial Average down 0.7 percent after a nearly two percent drop on Monday.The US bond market, considered a haven in times of uncertainty, rallied sharply as investors piled in, sending the yield on ...
C$ beats moderate retreat as US oil sinks below $49 TORONTO: The Canadian dollar weakened slightly against the US dollar on Tuesday as crude prices extended their sharp losses on deepening concern about excess supply around the world.Canada is a major exporter of oil, and its currency has been hit hard as crude prices have tanked more than 50 percent over the past six months. They hit fresh 5-1/2 year lows this week as Saudi Arabia cut selling prices to Europe and major producers showed ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln