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Dollar surges as Fed ends QE on hawkish note NEW YORK: Global equity markets were mixed on Thursday while the dollar surged to a three-week high and government bond yields rose, one day after the US Federal Reserve announced the end of its six-year bond-buying stimulus program.The Fed, as expected, said it would no longer add to its holdings of Treasury bonds and mortgage-backed securities, effectively ending a program that at its peak pumped $85 billion a month into the financial system to hold interest rates down and boost the flagging economy. Less expected was the Fed's expression of confidence in the US recovery, despite global growth concerns, which prompted financial markets to rethink the growing consensus that the Fed's first interest rate hike would be late in 2015. The Fed did note in its statement Wednesday after a two-day meeting that overnight borrowing costs would remain near zero for a "considerable time." "The tone in the statement was ...

C$ strengthens, helped by soft US data and oil TORONTO: The Canadian dollar strengthened against the US currency on Tuesday, helped by soft US data that weighed on the greenback and a slight recovery in the price of oil.The US dollar fell against a range of currencies as US durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting."The Canadian dollar is benefiting from US dollar weakness, number one. Number two, ...
Dollar slips on weak data as Fed policy-makers meet NEW YORK: The dollar fell on Tuesday, as US durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting. The greenback, while weaker against most major currencies, fared better than the Swedish crown after Sweden's central bank surprised investors by adopting a zero interest rate policy in a bid to ward off deflation.The crown fell to a four-year low versus the dollar. ...
C$ strengthens as US durable goods orders drop, eye on Fed TORONTO: The Canadian dollar strengthened against the greenback on Tuesday after US durable goods orders came in weaker than expected, helping nudge oil prices higher, but markets were already looking ahead to the conclusion of the Federal Reserve's policy meeting on Wednesday.The US dollar weakened after government data showed new orders for capital goods by US businesses recorded their biggest drop in eight months in September.The drop in the US dollar helped Brent crude oil ...
Dollar index pares loss after consumer confidence data NEW YORK: The dollar index pared its decline on Tuesday as a private gauge on U.S. consumer confidence hit its highest level in seven years, reducing worries over disappointing data on domestic home prices and durable goods orders.The Conference Board said its index on U.S. consumer confidence rose to 94.5 in October from an upwardly revised 89.0 in September. Economists forecast an October reading of 87.0.The surprisingly upbeat figure was the strongest since October 2007.The ...
Euro up on US data but stymied by German business sentiment NEW YORK: The euro recovered lost ground in limited trade on Monday, boosted by weaker-than-expected US housing data that softened a blow to the currency from news that German business morale fell. The German data took the shine off better-than-expected stress-test results for European banks issued on Sunday but widely leaked at the end of last week. US September pending home sales gained 0.3 percent, according to the National Association of Realtors, versus a 0.5 ...
C$ weakens on softer oil prices, Fed in view this week TORONTO: The Canadian dollar weakened modestly against the greenback on Monday, pressured by a decline in oil prices and as investors were wary of taking aggressive bets ahead of a meeting of Federal Reserve policymakers later in the week.Analysts said that the loonie is likely to trade in a tight range until the Fed's policy announcement at the conclusion of its two-day meeting on Wednesday. The currency is also consolidating from the more than five-year ...

 



 
Index Closing Chg%
Arrow DJIA 17,828.24 0.01
Arrow Nasdaq 4,791.63 0.09
Arrow S&P 2,067.56 0.25
Arrow FTSE 6,722.62 0.01
Arrow DAX 9,980.85 0.06
Arrow CAC-40 4,390.18 0.18
Arrow Nikkei 17,459.85 1.23
Arrow H.Seng 23,987.45 0.07
Arrow Sensex 28,693.99 0.90






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln