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Euro recovers slightly after last week's losses NEW YORK: The euro rebounded slightly against the dollar Monday after sharp losses last week, helped by fresh data showing some unexpected weakness in the US economy.But the yen gained on both as continued global turbulence pushed traders to that safe haven.At 2200 GMT, the euro climbed to $1.3529, compared to $1.3487 late Friday. The dollar fell to 100.94 yen from 102.03 yen, and the euro dropped to 136.58 yen from 137.61.The market took its first cues from purchasing managers indexes for the manufacturing sectors in China and Europe.The fall of the Chinese PMI to just short of contraction territory generated worry for the global economy, while an upside surprise in the eurozone helping the euro."The dollar index began a decline near the start of the London session on better-than-expected releases of the manufacturing PMIs in France, Germany and the eurozone," said Benjamin Spier at DailyFX.The sharp drop in the ...

C$ firms to 1-week high, helped by producer prices TORONTO: The Canadian dollar strengthened to its highest level in a week against the greenback on Monday, helped by a bigger than expected rise in Canadian producer prices and as investors consolidated positions after the currency's recent declines.The loonie was also given a boost by US data that showed a sharp drop in manufacturing in January, hinting at a slowing economy. That sparked investor speculation that the US Federal Reserve may have to refrain from ...
Dollar falls on weak factory data, emerging market jitters NEW YORK: The dollar fell to a two-month low against the safe-haven yen on Monday on persistent jitters over troubles in emerging markets and as surprisingly weak domestic manufacturing data spurred worries about US economic growth. The latest omen about slowing US growth raised bets the Federal Reserve might refrain from a further reduction in its bond purchase stimulus, analysts said. The US central bank last week voted to reduce its monthly ...
Euro slumps on soft price data, dollar books best month since May NEW YORK: The euro fell on Friday as soft euro zone inflation data rekindled concerns the European Central Bank may have to act to combat deflation, while the dollar strengthened on mildly encouraging data to close out its best month since May.Nagging worries about emerging market woes spreading underpinned safe-haven buying for the yen, which was on track to be the best performer among G7 currencies in January."The focus on the euro is that we ...
Euro falls on soft price data, dollar set for best month since May NEW YORK: The euro fell on Friday as soft euro zone inflation data rekindled concerns the European Central Bank may have to act to combat deflation, while the dollar strengthened on mildly encouraging data to close out its best month since May.Nagging worries about emerging market woes spreading underpinned safe-haven buying for the yen. "The focus on the euro is that we could see a policy response from the ECB next week," said Shaun Osborne, ...
Currencies get reprieve as policymakers offer support RIO DE JANEIRO: Emerging markets recovered on Thursday from a sharp selloff as Latin American stocks and currencies rose, while Russia's rouble and Turkey's lira rebounded after policymakers pledged to take any necessary measures to stabilize their markets.Traders said the recent panic selling had abated for now as markets priced in the current pace of stimulus withdrawal by the US Federal Reserve, though some analysts voiced concerns the respite would be short-lived.The Fed on Wednesday ...
More emerging market turbulence despite rate hikes WASHINGTON: Interest rate hikes by Turkey and South Africa failed to stem falls in their currencies Wednesday and the US Federal Reserve piled more pressure on emerging markets by cutting stimulus spending.Currencies in Russia, Brazil and Argentina also fell, despite the International Monetary Fund insisting there is no general crisis and that each emerging economy faces challenges specific to itself.But the US central bank's decision to slice another $10 billion from its monthly stimulus, announced ...

 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln