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Euro slips vs. dollar, pound firms on good jobs data NEW YORK: The euro slipped slightly against the dollar on Wednesday, continuing a downward move after last week's European Central Bank easing, while the pound firmed after good British jobs data."Investors now see the single currency as an increasingly cheap currency to borrow and sell in favor of higher returning assets abroad," said Commonwealth Foreign Exchange in a market note.Meanwhile, the pound improved after official data showed further improvement in the British labor market.Britain reported its unemployment rate fell to 6.6 percent, the lowest level in more than five years, from 6.8 percent. The number of unemployed dropped to 2.16 million people."The British economy is the strongest in the developed world in 2014, and today's release of various April and May labor data suggest momentum should continue through mid-year," said Christopher Vecchio of DailyFX."The British pound remains an appealing target for traders perhaps banking on tighter central bank policy over ...

C$ firms to best level in over a week in muted trading  TORONTO: The Canadian dollar strengthened against the US dollar to its firmest in over a week Wednesday, helped in part by a low-volatility environment and investor interest in commodity currencies, though moves were limited with little economic data on tap."I think it's just a byproduct of the very low volatility environment that we seem to be in," said Adam Cole, global head of FX strategy at RBC Capital Markets in London."It's more (US) dollar than ...
Dollar slips on lower expectations of Fed rate hike, yen gains NEW YORK: The dollar slipped broadly on Wednesday for the first time in four sessions after traders dismissed expectations of an early Federal Reserve rate hike as premature, while the yen advanced on few signs of further easing from the Bank of Japan.Traders abandoned the notion that strong U.S. economic data and hawkish comments from a Federal Reserve official would prompt a less accommodative stance at the central bank's meeting next week. U.S. government bond ...
Euro drops again against dollar following stimulus NEW YORK: The dollar advanced against the euro Tuesday as investors weighed last week's aggressive European monetary stimulus policy and anticipated key US economic data later in the week."After an initial limited reaction, last week's easing by the European Central Bank appears to be weighing on the euro, with today's decline coming despite favorable Eurozone data," said Nick Bennenbroek, head of currency strategy at Wells Fargo Securities, who said the euros decline came despite solid ...
C$ holds steady vs US$ as euro action dominates TORONTO: The Canadian dollar held steady against the greenback in muted trading on Tuesday, but saw more action against other currencies with the euro under pressure after the European Central Bank (ECB) cut interest rates to record lows last week."I think crossflows are acting as a bit of a restraint on USD/CAD. We think generally speaking, USD/CAD is looking quite supported in the C$1.08-figure area," said Shaun Osborne, chief currency strategist at TD Securities.In addition ...
Dollar gains against euro on Fed rates view, slips against yen NEW YORK: The dollar extended gains against the euro on Tuesday after expectations that the Federal Reserve could raise U.S. interest rates sooner than previously expected, but fell against the yen on safe-haven demand for the Japanese currency.Traders said that strong U.S. economic data, including the government's nonfarm payrolls report last Friday showing employment returned to pre-recession levels, supported the view that the Fed could take a more hawkish stance on tightening monetary policy at ...
C$ strengthens as Canada housing starts seen lifting GDP TORONTO: The Canadian dollar firmed against its US counterpart and outperformed other major currencies on Monday after data showed Canadian housing starts came in ahead of expectations in May.A report from Canada Mortgage and Housing Corp showed seasonally adjusted annualized housing starts rose to 198,324 last month, while April was revised higher to 196,687 units. Analysts had forecast 185,000 for May.The data suggested housing will contribute to economic growth in the second quarter after an ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
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Imports $4.338 bln
WeeklyAugust 28, 2014
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