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Euro sinks below $1.10; dollar index hits 11-1/2 year peak NEW YORK: The euro fell on Thursday below $1.10 for the first time since 2003 and the U.S. dollar added to gains against an index of currencies after the European Central Bank said it will next week launch a massive bond-buying program meant to boost economic growth.The euro zone common currency, which has lost 15 percent against the dollar in six months, briefly traded under $1.10 for the first time since September 2003 and hit a session low of $1.0988.It was last off 0.65 percent at $1.1005 in selling that accelerated after a news conference by ECB chief Mario Draghi.Draghi spoke after the ECB, in its battle against euro zone economic sluggishness and low inflation, pushed up its 2015 and 2016 growth forecasts and fixed a March 9 start date for bond purchases of 60 billion euros a month.Analysts have suggested the ECB would distort the bond market by buying ...

C$ slips as US$ firms on ECB comments TORONTO: The Canadian dollar retreated on Thursday against the greenback, which strengthened following comments by the European Central Bank that underscored the strength of the US economy compared with those of other countries.The European Central Bank raised its economic growth forecasts on Thursday but cut its inflation projection for 2015 to zero, reflecting the impact of last year's sharp drop in oil prices and euro weakness.The loonie had strengthened sharply in the previous session after ...
C$ firms as rate-cut expectations scaled back TORONTO: The Canadian dollar strengthened sharply against its US counterpart on Wednesday after the Bank of Canada kept interest rates steady and signaled it was satisfied with how the market and the economy reacted to its surprise rate cut in January.The bank kept its benchmark overnight interest rate at 0.75 percent and said that inflation risks were more balanced following its unexpected 25 basis point rate cut in January.Before the bank's statement on Wednesday, the ...
C$ stronger after Bank of Canada holds rates TORONTO: The Canadian dollar strengthened to a session high against its U.S. counterpart on Wednesday after the Bank of Canada kept interest rates unchanged and said it was satisfied with how the market and the economy had reacted to its surprise cut in January.The Canadian dollar firmed to $1.2449 to greenback, or 80.32 U.S. cents, much stronger than just prior to the announcement and stronger than Tuesday's finish at C$1.2490, or 80.06 U.S. cents.Copyright Reuters, ...
Dollar gets boost from US data as euro sags below $1.11 NEW YORK: The dollar climbed to a fresh 11-1/2-year high on Wednesday, boosted by strong U.S. private-sector jobs growth ahead of the launch of quantitative easing by the European Central Bank.The dollar hit its highest since September 2003 against a basket of currencies and was last up 0.6 percent at 95.958. Earlier it struck a high of 96.059.The ADP National Employment Report showed a gain of 212,000 private-sector jobs. Economists surveyed by Reuters had forecast ...
C$ advances after Bank of Canada keeps rates steady TORONTO: The Canadian dollar strengthened against its US counterpart on Wednesday after the Bank of Canada kept interest rates steady and said it was satisfied with how the market and the economy reacted to its surprise rate cut in January.The bank kept its benchmark overnight interest rate at 0.75 percent and said that the risks around inflation were more balanced following its unexpected 25 basis point rate cut in January.The market had expected the central ...
Dollar rallies to new high as euro sags below $1.11 NEW YORK: The dollar climbed to fresh highs on Wednesday, getting lift from solid US jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low ahead of the launch of quantitative easing by the European Central Bank. The dollar, bolstered by recent rises in US government bond yields, hit its highest since September 2003 against a basket of currencies and was last up 0.60 percent at 95.957.Earlier it struck a ...

 



 
Index Closing Chg%
Arrow DJIA 17,776.12 1.11
Arrow Nasdaq 4,900.89 0.94
Arrow S&P 2,067.89 0.88
Arrow FTSE 6,773.04 1.72
Arrow DAX 11,966.17 0.99
Arrow CAC-40 5,033.64 0.98
Arrow Nikkei 19,206.99 1.05
Arrow H.Seng 24,900.89 0.81
Arrow Sensex 27,957.49 0.07





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln