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Dollar gains, euro weakens on diverging economic outlooks NEW YORK: The dollar hit a 14-month peak against the euro on Tuesday, on optimism the U.S. economy is growing in line with expectations that the Federal Reserve may begin raising interest rates next year.The U.S. currency consolidated broad gains made on Monday, when the greenback was boosted by research from economists at the San Francisco Fed indicating that investors may be underestimating when the Fed is likely to hike rates.The dollar also has benefited from a weak euro, which has continued to deteriorate since the European Central Bank last week cut rates to new lows and launched an asset purchase program to ward off deflation."The bigger picture is good things in the U.S. and not so good things overseas," said Marc Chandler, chief currency strategist at Brown Brothers Harriman in New York.Better U.S. economic data has boosted the view the Fed may be closer to raising rates, and the ...

C$ at more than 4-month low, breaks through C$1.10 TORONTO: The Canadian dollar weakened to a more than four-month low against the greenback on Tuesday, breaking through the psychologically key C$1.10 level as broad demand for the US dollar saw the loonie extend the previous session's selloff.A reassessment of the future path of monetary policy in the United States gave the greenback its strength the day after research released by the San Francisco Fed showed investors expect the Federal Reserve to keep interest rates ...
C$ retreats as US$ rallies, risk aversion TORONTO: The Canadian dollar fell on Monday against a rallying greenback, which posted broad gains against most currencies following a report that investors expect the US Federal Reserve to keep interest rates lower for longer than expected.Investor risk aversion rattling global markets and softer crude prices also pressured the Canadian dollar.Investors expect the Fed to keep interest rates lower for longer, and to raise them more slowly, than the makers of U.S monetary policy themselves ...
Dollar bounces back after weak August jobs report NEW YORK: The dollar rallied Monday against other major currencies as investors concluded the US economy is still better positioned than other leading economies despite Friday's weak jobs report.The dollar rose to a five-year high against the Japanese yen and a 14-month high versus the euro, according to Kathy Lien, managing director at BK Asset Management. The dollar's gains on the British pound were also significant after a poll showed rising support in Scotland for ...
Dollar gains broadly, hits six-year high against the yen NEW YORK: The US dollar hit a six-year high against the yen and a more than one-year high against the euro on Monday, posting broad gains on a day lacking any significant data or new central bank information. Volatility began in the afternoon with the dollar accelerating gains against the Australian dollar and Brazilian real before the rally extended to knock the euro and the yen out of recent ranges. The dollar index, which measures ...
C$ weakens with oil prices, risk aversion TORONTO: The Canadian dollar weakened against the greenback on Monday, pulled lower by weaker oil prices and as investor risk aversion rattled world markets.The loonie also suffered from the overhang of disappointing labor market data last Friday that showed the Canadian economy unexpectedly shed jobs in August.Data released Monday morning showed the value of domestic building permits had a surprise surge in July, but that did little to stem the loonie's weakness.The Canadian dollar strengthened ...
Poor US jobs report pushes dollar lower NEW YORK: The US dollar was lower against the euro on Friday after a disappointing employment report for August dimmed expectations that the Federal Reserve might accelerate its planned rate hike next year.Hopes that the US would turn in a seventh straight month of strong jobs generation were dashed when August's number came in at just 142,000 net new positions, 80,000 less than expected.The Labor Department data supported the view that the economy is still ...

 



 
Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln