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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 the general dollar strength," Marc Chandler, chief global currency strategist at Brown Brothers Harriman & Co. in New York, said of the Japanese currency.Japanese Economics Minister Akira Amari said earlier Wednesday while recent movements reflected the dollar's gain rather than the yen's fall, excessive currency moves were undesirable, echoing earlier signals from the finance ministry and Bank of Japan.Traders brushed off Amari's comments with the dollar touching an eight-year high of 123.78 yen in early ...

Dollar gains top 1 percent on US rates outlook NEW YORK: The dollar rose more than 1 percent against other major currencies on Tuesday, extending recent gains largely driven by increasing expectations the Federal Reserve will start raising US interest rates in 2015.The dollar climbed to its highest in nearly eight years against the Japanese yen and pushed the euro, already weighed down by anxieties over Greece's financial crisis, below $1.09 for the first time in a month. The dollar index, composed of six ...
Dollar gains top 1 percent on US rates outlook NEW YORK: The dollar rose more than 1 percent against other major currencies on Tuesday, extending recent gains largely driven by increasing expectations the Federal Reserve will start raising U.S. interest rates in 2015.The dollar climbed to its highest in nearly eight years against the Japanese yen and pushed the euro, already weighed down by anxieties over Greece's financial crisis, below $1.09 for the first time in a month.The dollar index, composed of six leading ...
C$ retreats to six-week low after US durable goods data TORONTO: The Canadian dollar slipped to its weakest level in six weeks against the greenback on Tuesday after the U.S. dollar extended session gains on data that showed U.S. business investment spending plans increased for a second month in a row in April.The Canadian dollar touched C$1.2395 to the U.S. dollar, or 80.68 U.S. cents, softer than before the data was released and sharply weaker than Monday's Bank of Canada close at C$1.2313, or 81.21 ...
C$ holds steady in thin markets; Bank of Canada eyed TORONTO: The Canadian dollar was steady against its US counterpart on Monday in light holiday trading and ahead of a busy week in Canadian economic news.Investors are focused on the Bank of Canada's interest rate decision on Wednesday and first-quarter economic growth data on Friday.The loonie's pause comes after a retreat to a five-week low on Friday and with US and many European markets closed for various holidays.At 9:14 a.m. EDT (1314 GMT), the Canadian ...
Dollar weakens against euro for first time this week NEW YORK: The US dollar weakened against the euro for the first time this week on Thursday as investors were reluctant to enter new positions after a dramatic selloff over the past month, and as some US economic data disappointed. The greenback had gained earlier this week as US and German government bonds recovered. The selloff sent the dollar as high of $1.1466 on May 15, from $1.0519 a month earlier. But nerves over whether ...
Dollar's gains spurred by ECB's bond buying plans NEW YORK: The dollar hit a three-week high against the euro and a two-month peak versus the yen on Wednesday, extending a rebound rally supported by European Central Bank plans to front-load its bond buying program in a move to keep interest rates low. Minutes released from April's US Federal Reserve monetary policy meeting indicate expectations that the US economy's strength should pick after a slack first quarter, supporting a view that interest rates will ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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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