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Dollar falls on housing dip, euro rises on fading Greek fears NEW YORK: The dollar was knocked lower on Thursday by a decline in U.S. new-home sales fanning worries about U.S. economic growth, while the euro rose more than 1 percent on waning fears of a Greek default.New home sales declined 11.4 percent in March to a seasonally adjusted annual rate of 481,000 units, according to U.S. government data. The drop was the biggest since July 2013 and came after three straight months of hefty gains.Data on Wednesday showed sales of previously owned homes jumping during March to an 18-month high, while applications for home loans last week vaulted to the highest level since June 2013.Other U.S. data issued on Thursday reported a small rise in weekly jobless claims and a slowing of factory activity this month that fed concerns over the U.S. economy's ability to rebound from early 2015 sluggishness."What we have seen so far is a mixed data bag," ...

C$ gains 1/2 cent in range-bound trading TORONTO: The Canadian dollar finished about half a cent stronger against the greenback on Wednesday, recouping its losses from the previous session, but a dearth of market-driving news kept the currency range bound.The currency surged to levels not seen since January last week, following better-than-forecast economic data and an optimistic tone from the Bank of Canada, and has been trading between C$1.2328 and C$1.2088 this week."I think right now the interest rate differentials is really ...
Dollar mixed after jump in US home resales NEW YORK: The dollar stood mixed against other major currencies on Wednesday after a 6.1 percent jump in U.S. home sales data lifted expectations that Federal Reserve policymakers may soon hike interest rates.A National Association of Realtors report showing an increase in March of existing home sales to an annual rate of 5.19 million units, the highest level since September 2013, suggested the U.S. economy may be shrugging off sluggishness. The percentage increase was the ...
C$ softens but stays near January highs TORONTO: The Canadian dollar beat a slight retreat against its US counterpart on Tuesday despite getting support from oil prices that held steady just below 2015 highs due to tensions in Yemen.The price of crude, one of Canada's biggest exports, has risen about 15 percent this month on concerns that the civil war in Yemen, Saudi Arabia's southern neighbor, could destabilize the Middle East and reduce oil supplies.The loonie was range-bound but stuck close to ...
C$ dips on firmer US$, softer oil, but still outperformer TORONTO: The Canadian dollar slipped modestly against a broadly stronger US dollar on Monday and softer crude prices, but was stronger against all other major currencies after last week's rally.The loonie on Friday touched its strongest level since January following better-than-forecast domestic data and a more hawkish tone from the Bank of Canada.The stronger greenback, which makes dollar-traded commodities like oil less attractive for holders of other currencies, dented the price of crude, while news ...
C$ at strongest level since January on domestic data TORONTO: The Canadian dollar hit its strongest level against its US counterpart since January on Friday, after a surprise jump in domestic inflation and strong retail sales data.The rate of inflation rose 1.2 percent in March, lifted by higher food prices as a decline in gasoline prices moderated, data from Statistics Canada showed.Meanwhile, retail sales snapped a two-month slide.The data pair adds to a feeling in the market that the Bank of Canada can hold ...
Dollar rallies from 3-week low vs yen as US inflation rises NEW YORK: The dollar rebounded from a three-week low against the yen and a 10-day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the US economy, a development that should keep the Federal Reserve on track to lift interest rates this year.The inflation data, however, did not change the market's expectation for the timing of a Fed rate hike, especially after recent soft US economic figures.Analysts are ...


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln