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Dollar rallies broadly after Fed signals 2015 rate hike NEW YORK: The US dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. The dollar hit its highest levels against the euro and Swiss franc in over a week after the Fed altered a pledge to keep rates near zero for a "considerable time" in a show of confidence in the US economy. "Markets are taking the dollar higher, as they should be, because the Fed is on track to hike rates in 2015," said Win Thin, currency strategist at Brown Brothers Harriman in New York. Any rate increases would boost the greenback by driving investment flows into the United States. A comment from Fed Chair Janet Yellen at a press conference that the Fed's policymaking committee considered it unlikely to begin the normalization process for "at least the ...

Dollar gains as Fed stays course on monetary policy NEW YORK: The dollar jumped against other major currencies Wednesday as the US Federal Reserve signaled no shift in its expectation to raise interest rates in 2015.The Fed left its key interest rate, the federal funds rate, at the 0-0.25 percent level, where it has been for six years to help the US emerge from deep recession.The Federal Open Market Committee "judges that it can be patient in beginning to normalize the stance of monetary ...
C$ steady as markets await Fed, eye oil and rouble risks TORONTO: The Canadian dollar was little changed against the greenback on Wednesday as markets waited to hear what kind of tone the US Federal Reserve will adopt in its policy statement later in the session.Markets are trying to gauge when the Fed will start to raise interest rates and have zeroed in on its often-used phrase "considerable time" to see if it keeps that language in its final policy statement of 2014. The statement is ...
C$ firms on profit taking, cheap oil keeps loonie under pressure TORONTO: The Canadian dollar firmed slightly against its US counterpart on Tuesday after four straight days of declines as investors booked some profits, but with no bottom in sight for plunging crude prices and global market sentiment negative, the loonie was expected to retreat further.Volatile markets sent investors fleeing to safety a day after the Russian central bank hiked interest rates 650 basis points to 17 percent in a failed attempt to halt a collapse ...
C$ sheds more than 1/2 cent as oil takes another drubbing TORONTO: The Canadian dollar fell through C$1.16 to its weakest level against the US dollar in 5-1/2 years on Monday as crude prices hit multiyear lows after OPEC stayed resolute on its production stance.The Organization of the Petroleum Exporting Countries reaffirmed on Sunday its intention not to cut output despite a global fuel glut, while the United Arab Emirates said later there was no need for an emergency OPEC meeting to fix prices.Canada is a ...
TSX ends lower as resource stocks fall TORONTO: Canada's main stock index fell on Monday, weakening further after a 5 percent-plus drop last week despite a surge in takeover target Talisman Energy Inc shares as the broader resource-extraction industries weighed. The Toronto Stock Exchange's S&P/TSX composite index unofficially ended down 25.91 points, or 0.19 percent, at 13,705.14. Nineteen of the 20 heaviest weights were energy or mining stocks. Copyright Reuters, 2014 ...
Dollar falls against yen on economic jitters; rouble hits lows NEW YORK: The Russian rouble posted its sharpest fall against the US dollar since 1998 on Monday, while the greenback slipped against the yen after a new slide in oil prices ignited concerns over the health of the global economy. The rouble weakened beyond 60 roubles per dollar for the first time as 5-1/2-year lows in oil prices threatened Russia's economy. Sales of oil and gas are Russia's chief source of export revenue, while tougher ...

 



 
Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln