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Dollar hits 12-1/2-year peak vs yen before retreating NEW YORK: The dollar climbed to a 12-1/2-year high against the yen on Thursday before pulling back as investors bet that US interest rates will rise later this year while Japan's monetary policy remains ultra-loose. The latest data on US jobless claims and pending home sales supported expectations that the Federal Reserve is moving toward raising rates by year-end, analysts said. "The tone in US economic numbers is improving. This reminds investors US rates are moving up later this year and has revived the dollar's appeal since last week," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange Inc in Washington.The greenback gave back much of its gain in US afternoon trading after Japanese Finance Minister Taro Aso said the yen's recent drop had been "rough," stirring expectations that the Bank of Japan may intervene to stem further decline in the currency.Aso was speaking to reporters at a meeting ...

Dollar adds gains after pending home sales data NEW YORK: The dollar briefly added to earlier gains versus the euro and yen on Thursday as a stronger-than-expected 3.4 percent rise in domestic pending home sales in April supported the view of a spring revival in the housing market.The dollar reached a session high against the yen at 124.460 yen on the EBS trading platform before subsiding to 124.195, up 0.4 percent from its U.S. close on Wednesday.The euro fell to a session low ...
C$ hits 6-week low as rate expectations boost greenback TORONTO: The Canadian dollar weakened through a key psychological barrier to a six-week low on Thursday as the US dollar benefited from expectations that US interest rates will rise later this year, while Canadian rates are seen staying put.Signals from the Bank of Canada on Wednesday that it is in no hurry to raise rates helped push the Canadian currency through the C$1.25 barrier on Thursday, but the greenback was on a roll against major ...
Latam currencies down again on US rates outlook SAO PAULO: Latin American currencies weakened on Wednesday on the outlook for higher US interest rates, with Brazil's real falling to its lowest in nearly two months on concern about the progress of a recent budget-tightening initiative.Equities were little-changed across the region, with the broad MSCI Latin American stock index trading nearly flat.With few major economic indicators on Wednesday, traders continued to trade on the outlook for US interest rates. Recent encouraging data from the ...
C$ weaker after Bank of Canada holds rates steady TORONTO: The Canadian dollar regained a little ground against the greenback on Wednesday but still ended the day weaker after the Bank of Canada said it is standing pat on interest rates, a stance that contrasts with the US Federal Reserve's moves to ready markets for a possible rate increase.Since breaking weaker than C$1.20 to the US dollar earlier in May, the loonie has steadily lost ground, and now threatens to breach C$1.25, which would ...
Euro rises on prospects of Greek debt deal NEW YORK: The euro rose against the dollar on Wednesday, erasing earlier losses, prompted by reports that Greece and its creditors are closer to striking a deal so the cash-strapped nation would avert default in the coming days.The single currency hit a U.S. session peak at $1.09105 before easing to $1.08865, up 0.1 percent from late Tuesday on the EBS trading system.Copyright Reuters, 2015 ...
Dollar hits 8-year high vs yen, euro slips NEW YORK: The dollar rose against major currencies on Wednesday, reaching an eight-year peak against the yen on expectations the Federal Reserve would raise interest rates later this year due to signs the U.S. economy is recovering from an anemic first quarter.The dollar's gains were also fed by automatic sell orders for the yen which had traded in a relatively tight range versus the greenback, traders said."We broke out of a technical pattern because of ...

 



 
Index Closing Chg%
Arrow DJIA 17,751.39 0.69
Arrow Nasdaq 5,111.73 0.44
Arrow S&P 2,108.57 0.73
Arrow FTSE 6,631.00 1.16
Arrow DAX 11,211.85 0.34
Arrow CAC-40 5,017.44 0.81
Arrow Nikkei 20,302.91 0.13
Arrow H.Seng 24,619.45 0.47
Arrow Sensex 27,563.43 0.38





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln