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US dollar sideswiped as commodity currencies stage big reversal SYDNEY: The US dollar nursed modest losses early on Tuesday, having come under pressure as currencies such as the Canadian dollar staged a dramatic reversal thanks to a broad rebound in commodity prices. Investors were quick to cut short positions in the Australian, New Zealand and Canadian dollars as prices of oil, copper and gold rallied from lows. Benchmark Brent crude , for example, jumped to $72.95 from a five-year low of $67.53 in a brutal squeeze of bearish positions. As a result, the Norwegian crown raced to 6.9368 per USD from a 5-1/2 year low of 7.0577. The Canadian dollar rose to C$1.1327 per USD from a one-month low of C$1.1459. The Aussie shot back above 85 US cents, pulling away from a 4-1/2 year low of $0.8417 and its kiwi peer clambered to $0.7876 from $0.7777. The greenback relinquished only a bit of ground against the yen and ...

Dollar retreats after hitting 7-year high vs yen NEW YORK: The dollar fell on Monday against the yen and euro as profit-taking emerged after it reached a seven-year high against the yen that was briefly rattled by Moody's decision to downgrade Japan's credit rating.The greenback rose as high as 119.15 yen on the EBS trading platform, its highest since July 2007, immediately after the rating agency lowered the world's third biggest economy's rating by a notch to A1 from AA3 due to its ...
C$ gains on weaker greenback, pause in oil price drop TORONTO: The Canadian dollar rose against its weaker US counterpart on Monday after trading near five-year lows earlier in the session, as slumping oil prices recovered some of their recent heavy losses.Crude prices, which have fallen for five straight months, continued their longest losing streak since the 2008 financial crisis, hitting five-year lows. Prices have dropped more than 12 percent since OPEC's decision last week not to cut crude production."Oil seems to have found a ...
Dollar gains as oil slide stirs disinflation fears NEW YORK: The dollar gained on Friday as sliding oil prices stirred disinflation fears in the euro zone and Japan, while investors also looked ahead to a heavy week of central bank meetings and the US monthly employment report. US crude fell 10 percent on Friday on OPEC's decision not to cut output, settling at $66.15 a barrel. Annual consumer inflation in the euro zone cooled to a five-year low as energy prices fell, suggesting ...
C$ sinks to 3-week low as tumbling crude outweighs robust GDP TORONTO: The Canadian dollar retreated more than a cent against its US counterpart on Friday, touching a three-week low, as tumbling US crude prices overshadowed higher-than-expected third-quarter Canadian growth figures.US crude prices plunged 10 percent in their biggest one-day drop in over five years following OPEC's decision to keep current production levels unchanged, a move market participants said would leave oil markets oversupplied."The market should've been prepared for that actual outcome, but we had that ...
Dollar gains from oil slide, deflation in Europe and Japan NEW YORK: The dollar gained on Friday as concerns about continuing low oil prices added to deflation fears in the euro zone and Japan, while conversely boosting expectations that cheaper oil will help stimulate US consumer spending. Annual inflation in the euro zone cooled to 0.3 percent in November, marking a return to September's five-year low for consumer inflation, as energy prices fell, suggesting deflation remains a real threat for the European Central Bank. Japan's ...
C$ steady in holiday trading; OPEC in focus TORONTO: The Canadian dollar was marginally weaker against its US counterpart on Thursday in extremely light US Thanksgiving Day trading as crude prices sank to 50-month lows ahead of OPEC's announcement on next year's crude output levels.Ministers from the Organization of the Petroleum Exporting Countries were not expected to cut production levels at their meeting in Vienna, according to sources close to the cartel. The announcement was due at 10:00 a.m. EST (1500 GMT).Mark Chandler, ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln