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Dollar up against euro ahead of Fed; oil worries lift yen NEW YORK: The US dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy at the end of a two-day meeting on Wednesday, while risk aversion on lower oil prices underpinned the yen.Bets that the Fed would take a less-accommodative stance on monetary policy and remove the phrase "considerable time" in reference to its timeline for raising rates supported the dollar. Analysts said the Fed could do so on signs of improvement in the U.S. economy, including the labor market."The market is setting up for a less-dovish-sounding FOMC this week," said Martin Schwerdtfeger, a foreign exchange strategist at TD Securities in Toronto. Higher interest rates are expected to boost the dollar by driving investment flows into the United States.The dollar's gains against a basket of major currencies, including the euro and Swiss franc, did not carry over to the ...

C$ breaches C$1.16 as crude's retreat hits harder TORONTO: The Canadian dollar fell through C$1.16 to the US dollar on Monday, touching its weakest level in 5-1/2 years as crude prices hit new multiyear lows.The Organization of the Petroleum Exporting Countries reaffirmed on Sunday its intention not to cut output despite a global fuel glut, reasoning that any output reduction would have little impact on price but would mean ceding market share.Canada is a major exporter of crude and the loonie's fortunes have ...
Sinking crude pushes C$ to 5-1/2-year lows near C$1.16 TORONTO: The Canadian dollar was within striking distance of C$1.16 against the greenback on Friday as it hit fresh 5-1/2 year lows on new worries over a supply glut in the oil market spurred by an International Energy Agency report.The agency, which coordinates the energy policies of industrialized countries, forecast an increase in global supplies next year but cut its outlook for global oil demand by 230,000 barrels per day.Canada is a major oil exporter ...
C$ at 5-year low on cheap oil, US retail data TORONTO: The Canadian dollar weakened against its US counterpart on Thursday, weighed down by weakness in the price of crude oil and by healthy US retail sales which boosted the greenback.Oil fell towards $64 a barrel, within sight of a five-year low, pressured by signs that already ample supply will be even more plentiful in 2015.Meanwhile, US consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season ...
US dollar rebounds after three-day losing streak NEW YORK: The dollar recovered after three days of losses on Thursday, further boosted by strong U.S. retail sales numbers and declining jobless claims, suggesting the world's largest economy remained on track for an interest rate hike next year.The greenback was on the road to recovery anyway after being sold off the last few days, and the upbeat data only reinforced the currency's positive momentum.Data on Thursday showed that retail sales excluding automobiles, gasoline, building ...
C$ retreats alongside crude prices; Poloz eyed TORONTO: The Canadian dollar was slightly weaker against its US counterpart on Wednesday, pulled lower as crude prices marched back toward five-year lows following an OPEC forecast of sinking demand next year.The Organization of the Petroleum Exporting Countries said it expects demand for its oil will be 280,000 barrels per day lower in 2015 that it had forecast previously. Canada is a major oil producer and the Canadian dollar is sensitive to moves in crude ...
US dollar retreat continues for third day NEW YORK: The US dollar fell against the safe-haven yen for a third straight session on Wednesday as risk appetite diminished amid worries about Greece and the outlook for China, the world's second largest economy.The greenback has lost about two percent versus the yen in the last three days, moving further away from a seven-year peak above 121 yen hit on Monday this week. Its two percent fall was the worst three-day loss for the ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln