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Dollar rises and euro sags as rate gaps widen NEW YORK: The dollar jumped on Thursday to fresh highs against other major currencies as investors betting European and American monetary policies are parting ways knocked the euro to an almost two-year low against the U.S. currency.The euro fell as far as $1.26955 on trading platform EBS, its lowest since November 2012. This helped push the dollar index, which measures the greenback against a basket of major currencies, to a four-year high of 85.485.Selling in the euro, which was last off 0.5 percent against the dollar at $1.272, quickened after the shared currency sank past $1.2750, a support level which had stopped declines four times over the past 18 months, according to Boris Schlossberg, managing director at BK Asset Management in New York."The sentiment towards the unit remains extremely negative as markets are beginning to appreciate the divergence between U.S. and European monetary policies," Schlossberg told clients.A gap in bond ...

C$ softens to 6-month low; Fed expectations drive US win streak TORONTO: The Canadian dollar retreated to a six-month low against its US counterpart on Thursday, as the greenback powered higher on expectations that the Federal Reserve will likely end its bond-buying next month and begin raising the cost of borrowing next year.The US dollar's winning streak, on track to be the longest since the early 1970s, comes as the Canadian dollar faces pressure at home. A series of dovish comments from the Bank of Canada ...
Dollar rises; pound sells off after Scotland vote NEW YORK: The dollar advanced Friday against other major currencies, while the British pound retreated despite Scotland's vote against breaking from the United Kingdom. The greenback hit a 14-month high against the euro, as "the coast was clearer for markets to focus on US optimism and expectations for Fed rate hikes in 2015" following the Scottish vote, said Joe Manimbo, senior market analyst at Western Union Business Solutions.The dollar has rallied against the euro, the ...
C$ firms on US data, rethink of Fed stance TORONTO: The Canadian dollar firmed against the greenback on Thursday as investors reassessed the previous day's policy statement from the US Federal Reserve, while markets globally were bracing for the results of Scotland's independence referendum.The loonie was also supported by weak housing data south of the border, as well as data at home that showed foreign investors resumed buying Canadian securities in July.The currency recovered much of the ground lost in a selloff the previous ...
Dollar climbs to six-year peak vs yen on higher Fed rate forecasts NEW YORK: The dollar jumped to a six-year high against the yen on Wednesday while the euro tumbled from five-month peaks after forecasts from the Federal Reserve showed a faster pace of rate hikes over the next few years than had been projected in June.The Fed's statement after a two-day policy meeting remained cautious, however, sticking to its low-interest-rate pledge for a "considerable time" and expressing concern about slack in the labor market, but currency ...
C$ firms as markets await Fed statement TORONTO: The Canadian dollar firmed against the greenback for a third day on Wednesday but gains were limited by investor caution ahead of a policy statement by the US Federal Reserve later in the day.Market speculation has been rife over whether the US central bank will change its language on how long it will hold interest rates at ultra-low levels.Expectations that the statement will be a bit more hawkish sparked a nearly 2 percent selloff ...
Dollar slips vs euro after U.S. CPI data hints at dovish Fed NEW YORK: The US dollar edged lower against the euro on Wednesday after data showed U.S. consumer prices fell last month, fuelling scepticism that the Federal Reserve will adopt a more hawkish tone in a policy statement later in the session.The Labor Department said its Consumer Price Index fell 0.2 percent in August as a broad decline in energy prices offset increases in food and shelter costs, marking the first dip since April of 2013 ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln