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US dollar down again on weak data, investors await Fed NEW YORK: The dollar fell for a second straight day on Tuesday, weighed down again by unexpectedly weak U.S. economic data as the Federal Reserve started a two-day policy meeting.The dollar index was on pace for its largest two-day loss since early February.Investors do not expect any change to the Fed's benchmark interest rate, which has been pinned between zero and 0.25 percent for six years. But they anticipate the Fed dropping the word "patient" from its statement to describe its approach to raising rates later this year.However, the mixed batch of U.S. economic data in the first quarter and the dollar's strength could delay an interest rate increase many see happening in June."We see the Fed still being data-dependent especially after we have been seeing mixed data in the first quarter," said Mark McCormick, currency strategist, at Credit Agricole in New York."We therefore see a lift-off in rates possibly ...

Dollar pulls back after tepid US data NEW YORK: The dollar weakened broadly Monday after tepid US data left the market cautious ahead of a Federal Reserve monetary policy decision this week.The market generally is expecting the Federal Open Market Committee (FOMC), the Fed's policy arm, will remove the "patient" language regarding an increase in interest rates from its statement Wednesday after a two-day meeting.A batch of mediocre US economic indicators on Monday supported the view that the Fed's rate hike could ...
Dollar slumps as recent sharp gains could delay Fed hike NEW YORK: The dollar fell across the board on Monday as investors fretted that its recent rapid rise could prompt the Federal Reserve to be a little more cautious about raising interest rates this year. The greenback has risen about 24 percent against a major currency basket since May, and it could become a key issue at this week's Fed monetary policy meeting."The concern ... is that the dollar has gone too fast too soon, ...
C$ little changed as markets await US Fed OTTAWA: The Canadian dollar was little changed against the greenback on Monday as investors were wary of taking aggressive bets ahead of a US Federal Reserve decision and major domestic economic data later in the week.Despite US crude prices that hit a six-year low on Monday on heightening concerns that the United States may run out of oil storage, the loonie managed to hold its ground, gaining support from profit-taking in the US dollar. US ...
C$ little changed as markets await US Fed OTTAWA: The Canadian dollar was little changed against the greenback on Monday as investors were wary of taking aggressive bets ahead of a US Federal Reserve decision and major domestic economic data later in the week.Despite lower oil prices on Monday, the loonie managed to hold its ground, gaining support from profit-taking in the US dollar.Investors were focused on whether the Federal Reserve, in its policy announcement on Wednesday, would drop its pledge to be ...
Dollar sinks as recent sharp gains could impact Fed rate hike NEW YORK: The dollar fell across the board on Monday, as investors fretted that the greenback's rapid rise could prompt the Federal Reserve to be a little more cautious about raising interest rates this year.The U.S. currency has risen about 24 percent against a basket of currencies since May and it could become a key issue at this week's Fed monetary policy meeting."The Fed dominates this week, and the concern among some in the market ...
C$ pares session losses after Canada jobs data TORONTO: The Canadian dollar pared earlier session losses on Friday after data showed the economy lost fewer jobs than expected in February. Canadian jobs decreased by 1,000 in February compared with forecasts for a loss of 5,000. The unemployment rate rose to 6.8 percent, with 34,000 full-time jobs created and 34,900 part-time jobs lost. The Canadian dollar firmed to C$1.2725 to US dollar, or 78.59 US cents, stronger than just prior to the data's release, ...

 



 
Index Closing Chg%
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln