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Yen steadies against dollar after GDP shock NEW YORK: The Japanese yen steadied against the U.S. dollar on Monday, coming off seven-year lows after Japan's economy unexpectedly slipped into recession in the third quarter.Japan's economic shock sets the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.Uncertainty around these events is likely to keep the Japanese currency volatile, though the yen may gain if stocks decline. The yen normally tends to rise as Tokyo's stock market falls."There are going to be quite a few things for the market to digest and we could see a fall in stocks and strengthening in the yen," said Martin Schwerdtfeger, a foreign exchange strategist at TD Securities in Toronto.The U.S. dollar was last at 116.41 yen, after earlier rising as high as 117.04 yen.The dollar also gained against the euro after European ...

C$ retreats as crude prices slip TORONTO: The Canadian dollar was softer against its US counterpart on Monday, tracking weaker oil prices, and with little else on the domestic calendar this week, the currency is expected to take its cues from external drivers.The commodities-linked Canadian dollar has been moving closer in tandem with the price of crude, a major Canadian export, and prices have slumped to four-year lows recently on concerns of an oil glut.Brent crude fell on Monday after Japan, ...
C$ firms slightly, boosted by oil, factory sales OTTAWA: The Canadian dollar firmed modestly against the greenback on Friday, sticking to a tight range as it was supported by data that showed domestic factory sales rose more than expected in September.A higher price of oil also helped the loonie stabilize theday after a drop in crude knocked the currency lower. Whip-saw trading for the Canadian dollar in recent sessions, partly due to movements in oil prices, has left the currency moving sideways for ...
Dollar gets lift from strong US retail data, yen decline NEW YORK: The dollar rallied on Friday, helped by unexpectedly strong US retail sales data and a slide in the yen to seven-year lows against the dollar on bets Japanese Prime Minister Shinzo Abe will call early elections and delay a sales tax increase. The euro also fell against the dollar and briefly dipped below $1.24, at $1.2399, despite better-than-expected euro zone economic growth numbers.The currency, which traded near $1.40 in May, is now close ...
C$ weakens slightly, weighed by dip in oil price TORONTO: The Canadian dollar was slightly weaker against its US counterpart on Thursday, as traders sold on any sign of strength in the Canadian unit, with a weak oil price blunting enthusiasm for the resource-linked currency.The loonie, as Canada's currency is colloquially known, has settled into a tighter range in recent sessions after a sharp weakening last week."The oscillation between C$1.13 and C$1.14 since the payroll numbers has really been in play...there were no legs ...
Dollar nears 7-year peak vs yen on Japan election speculation NEW YORK: The dollar on Thursday traded near a seven-year high against the yen on stepped-up speculation that Japanese Prime Minister Shinzo Abe will call a snap election in December.The greenback also posted gains against Britain's pound, which plumbed 14-month lows against the U.S. currency, but was mixed against other major currencies.The U.S dollar index basket of currencies was off 0.1 percent after New York Federal Reserve President William Dudley said any premature tightening in ...
Dollar hits 7-year high on yen NEW YORK: The dollar eased against the euro but hit a seven-year high on the yen Tuesday in a market quiet because of the Armistice Day and Veterans Day celebrations in Europe and the United States.The dollar topped 116 yen before pulling back slightly.Fawad Razaqzada of called the yen's slide "merely a continuation of the selling that came as a result of the Bank of Japan's surprise decision to increase its asset purchases program ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln