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Dollar falls on more unwinding of bullish bets after Fed NEW YORK: The US dollar fell for a second straight session against a basket of major currencies on Monday after traders unwound bullish dollar positions on the likelihood that Federal Reserve policy will be accommodative over the near term.The dollar added to its losses against the euro following a Fed statement on March 18 that suggested a less aggressive timetable for hiking interest rates. Last week was the dollar's worst week against the currency since late 2011."There's a very large long-dollar position in the market, and what we appear to be facing is an unwind of that position," said Richard Cochinos, head of Americas G10 FX strategy at Citi in New York.He said the weakness in the dollar could persist and that the euro, which rose over 1 percent against the greenback to a session high of $1.09420 on Monday, could hit $1.12 by the end of the week. The ...

C$ strengthens slightly as greenback resumes fall TORONTO: The Canadian dollar continued to strengthen against the greenback on Monday as last week's US dollar selloff against major currencies was given another push by comments from a US Federal Reserve official.The greenback has struggled since a Fed statement last week that signaled a slower approach to raising interest rates than some investors had expected."We're seeing a bit of CAD strength really on the back of that broader US dollar weakening," said Camilla Sutton, ...
C$ retreats more than 1pc in post-Fed correction TORONTO: The Canadian dollar lost a significant chunk of the hefty gains it made the previous day against the greenback on Thursday as market participants bought back the US dollar and as crude prices softened.The US dollar had tumbled against a range of currencies on Wednesday after the US Federal Reserve gave a much more cautious statement on raising interest rates than anticipated."(Yesterday) was a large 2.2 percent move in the Canadian dollar against the ...
Dollar rallies on persistent bullishness after sharp losses NEW YORK: The dollar rebounded broadly on Thursday after posting steep losses the previous session following a much more cautious Federal Reserve statement on interest rates than expected, as investors remained bullish on the greenback.The dollar suffered its biggest one-day fall against the euro and sterling in six years on Wednesday. Against the Swiss franc, it posted its worst daily performance since Jan. 15, when the Swiss National Bank removed a peg on the Swiss ...
C$ drops to six-year low on big data miss, cheap oil TORONTO: The Canadian dollar touched its weakest level against the US dollar in more than six years on Wednesday as data showed Canadian wholesale sales tumbled in January, while crude prices extended their dive as US oil in storage hit a record high.The currency had been sidelined for much of this week ahead of a policy statement from US Federal Reserve due later in the session, mainly staying just below the key psychological level of ...
Dollar weakens vs major currencies as Fed decision looms NEW YORK: The dollar slid against most major currencies on Wednesday as investors continued to pare back over-extended greenback positions ahead of a key U.S. Federal Reserve statement later in the day following the Fed's two-day policy meeting.Market participants are anticipating the Fed will likely drop the word "patient" from its statement with respect to raising interest rates, which could pave the way for a rate increase in June or September this year."The key risk ...
Colombia peso gains ahead of Fed; real extends slide SAO PAULO: Latin American currencies mostly weakened on Tuesday, though Colombia's peso retraced some recent losses as traders positioned for the US Federal Reserve's next policy statement.Equities markets were mixed, with the broad MSCI Latin American stock index slightly higher.Traders remained cautious ahead of the Fed's announcement, expected on Wednesday. Signals that the bank could raise interest rates sooner than previously expected will likely drive emerging market currencies lower.Colombia's peso ended a three-day slump, however, ...

 



 
Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
Arrow CAC-40 5,268.91 1.30
Arrow Nikkei 19,983.32 0.18
Arrow H.Seng 28,433.59 1.33
Arrow Sensex 27,176.99 0.95





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln