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US dollar rises, sentiment favors interest rate outlook NEW YORK: The US dollar recovered lost ground on Tuesday as trading desks returned to full strength after the Easter weekend and underlying trends for its continued rise reappeared, although it remains hemmed in to tight ranges by mixed economic data. A surprising move by the Reserve Bank of Australia not to cut interest rates boosted the Aussie dollar, bucking the prevailing greenback rally. That rally has slowed in the last month with disappointing US economic data such as last week's weak jobs report underscoring a weak first quarter. Still, expectations for a recovery are putting a floor under the dollar."The bigger, broader pieces are that the US economy should still outperform and the Fed is likely to raise interest rates sooner than everyone else. The dollar strength story is still intact, we're just in a pause because the dollar lacks a catalyst to push it to new highs," said ...

Canadian dollar dips against US$ on lower oil prices TORONTO: The Canadian dollar weakened on Tuesday against the US dollar, which recouped its losses from Friday's dreary US jobs report as traders returned from the extended Easter weekend, but the Canadian currency remained an outperformer against many of its major counterparts.The greenback's rally over the last few months stalled in recent weeks as a string of US economic data pointed to a softer first quarter. Signs of a slowing economy have tempered expectations of ...
US dollar recovers; Aussie up after rates held unchanged NEW YORK: The US dollar recovered lost ground on Tuesday as trading desks returned to full strength and underlying trends for its continued rise reappeared, although it remains hemmed in to tight ranges by mixed economic data.A surprising move by the Reserve Bank of Australia not to cut interest rates boosted the Aussie dollar, bucking the prevailing greenback rally.That rally has stalled in the last month with disappointing U.S. economic data such as last week's ...
Dollar edges higher despite dovish fed talk NEW YORK: The dollar edged higher against the euro Monday, trimming sharp losses that came after last week's dismal US jobs report for March.After dropping past the $1.10 per euro threshold in the wake of Friday's employment report, the greenback pulled back to $1.0928 in late trade Monday.But it remained weak relative to recent weeks. That is in part because of a fall in the ISM service sector purchasing managers index from February, as well ...
Dollar turns higher in late trade, thin conditions NEW YORK: The US dollar spiked higher against the euro on Monday, erasing early losses in what traders and strategists said is a result of thin holiday trading conditions. A dismal US jobs report on Friday had cast a pall over the greenback in the last two trading sessions, both of which excluded much of Europe and Latin America markets due to the Easter holiday. Trading desks are expected to be back at full strength ...
C$ strengthens as weak US jobs data pressures greenback TORONTO: The Canadian dollar strengthened on Monday against a broadly weaker US dollar, as the greenback was hit by data Friday that showed US jobs growth was much weaker than expected in March, suggesting the Federal Reserve will likely hold off hiking interest rates until later in the year.At 9:10 a.m. EDT (1310 GMT), the Canadian dollar was trading at C$1.2446 to the greenback, or 80.35 US cents, stronger than Thursday's Bank of Canada's official ...
Dollar drop tied to dismal jobs data, Easter holiday trade NEW YORK: The dollar weakened further on Monday as it continues to feel the carry-over effects of a disappointing U.S. jobs report from Friday that throws into question the timing for U.S. interest rate increase.Expectations the U.S. Federal Reserve will raise interest rates sometime later this year has fuelled the dollar's rally since mid-2014. Higher U.S. interest rates will put dollar-denominated assets at a yield advantage versus other currencies such as the euro and yen ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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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
WeeklyMay 21, 2015
Reserves $17.75 bln