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Dollar continues push higher against euro NEW YORK: The US dollar pushed to its highest level against the euro in 11 months, helped by Federal Reserve meeting minutes which showed an increasing focus on inflation.The third straight gain for the greenback took it to $1.3258 per euro, up 0.45 percent for the day, and capped a three-month run from the $1.39 per euro level.The dollar was already headed up early Wednesday after Eurostat the official statistics agency reported that exports from the eurozone fell 0.5 percent in June from May."June's eurozone trade data provided yet further evidence that the external sector remains too weak to make up for the region's feeble domestic recovery," said Jessica Hinds of Capital Economics.Later, the Federal Reserve released minutes from its July 29-30 meeting showing policy makers increasingly at odds over how strong the US labor market is and what that means for inflation -- a key issue in planning rate ...

C$ hemmed in by strength in the greenback TORONTO: The Canadian dollar was little changed against the greenback on Wednesday, hampered by broad strength for the US dollar and as investors were looking ahead to domestic inflation data at the end of the week.The loonie saw little reaction to a report that showed Canadian wholesale trade rose more than expected in June and the volume of sales grew as well.Without any more domestic catalysts on tap until Friday, the Canadian dollar was left ...
US dollar hovers near 11-month highs ahead of Fed minutes NEW YORK: The US dollar advanced further on Wednesday, holding at over 11-month highs against a basket of major currencies on a view the U.S. economy was improving and that minutes from the Federal Reserve's July meeting could show a slightly less dovish tilt.The greenback hovered near 11-1/2-month highs against the euro and 4-1/2-month highs against the yen after Tuesday's stronger-than-expected data on U.S. housing starts for July, which analysts said reinforced an optimistic view ...
Dollar firms after upbeat US housing data NEW YORK: The dollar strengthened against other major currencies Tuesday after US data showed an encouraging surge in housing construction and inflation remained tame.US housing starts jumped 15.7 percent in July to the highest pace since last November, and building permits gained 8.1 percent.A slight 0.1 percent rise in US consumer prices in June month-over-month left the annual rate up 2.0 percent, a level the Federal Reserve's monetary policy makers have regarded as non-threatening.Weak eurozone ...
C$ weakens as US data boosts the greenback TORONTO: The Canadian dollar weakened against the greenback on Tuesday as encouraging economic data south of the border prompted investors to pick up the US currency, to the detriment of the loonie.The Canadian dollar saw little benefit from renewed risk appetite in other financial markets as concerns over geopolitical tensions between Ukraine and Russia eased.Despite some intraday swings, the loonie has mostly moved sideways since the end of July. While analysts expect the currency could ...
US dollar gains on stronger-than-expected housing data NEW YORK: The US dollar hit nine-month highs against the euro and rose against a basket of major currencies on Tuesday after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.U.S. housing starts surged 15.7 percent to a seasonally adjusted annual 1.09-million unit pace in July, snapping two straight months of declines, the Commerce Department said on Tuesday. Economists polled by Reuters had expected starts to rise to a ...
Euro slips as Ukraine tensions ease NEW YORK: The euro softened Monday after a Berlin meeting between the foreign ministers of Ukraine and Russia helped lower market worries, even if it did not resolve tensions between the two.Traders had fled higher-risk currencies to safe havens on Friday after Ukraine said it had destroyed some Russian armored cars, sparking fears of an escalation. But Russia dismissed the claim.Then, five hours of talks late Sunday that also involved the foreign ministers of Germany ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln