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Dollar rises modestly against yen NEW YORK: The dollar rose modestly against the yen and euro on Tuesday as investors stepped back into stock and emerging markets whose recent sell-off drove money into safehaven currencies. The greenback might receive another boost if the US Federal Reserve were to further pare its bond-purchase stimulus despite data suggesting the domestic economy lost some momentum at the end of 2013, analysts said. US central bank officials will begin a two-day policy meeting later Tuesday, where analysts expect the Fed would decide to reduce its monthly bond purchases in February by $10 billion to $65 billion. Such a move is perceived as positive for the dollar since it would reduce the amount of cash the Fed injects into the banking system, although the Fed's tapering which began in December has hurt emerging market currencies because the dollars created had flooded into fast-growing nations in Asia, Africa and Latin America. ...

C$ loses ground as risk appetite wanes TORONTO: The Canadian dollar weakened against the greenback on Monday, giving up early gains as it got caught in a flight from riskier assets sparked by the continuing investor retreat from emerging markets.A combination of country-specific problems and expectations that the US Federal Reserve will scale back its economic stimulus program kept pressure on emerging markets in a selloff that started last week.The emerging-market concerns also weighed on equities and oil prices, while supporting the ...
Dollar gains vs. euro on eve of Fed meeting NEW YORK: The dollar rose a tick against the euro Monday on the eve of the Federal Reserve's two-day monetary policy meeting, widely expected to further taper the central bank's huge stimulus. The euro traded at $1.3670 around 2200 GMT, compared with $1.3675 at the same time Friday.The dollar made some headway against the yen, buying 102.56 yen, up from 102.33 yen. In earlier Asian trading the greenback hit a seven-week low of 101.77 yen.The ...
Argentina eases public's access to dollars BUENOS AIRES: Argentina's peso held stable Monday after last week's sharp devaluation as the public began to take advantage of looser exchange controls, amid concerns over stability in several emerging economies. Argentina's President Cristina Kirchner blamed speculators for the fall, which forced her government to ease unpopular controls on buying dollars, in place since 2011, after they proved ineffective in stifling capital flight.From Monday, Argentinians could swap pesos for $2,000 in a hard currency such ...
Argentina peso slides on first day of new currency rules BUENOS AIRES: Argentina set monthly limits on dollar purchases on Monday, widening the gap between the official and "black market" exchange rates with an erratic currency policy that has rattled investors and battered the peso.By limiting the purchases of US dollars to a fifth of the purchaser's monthly wages, the government has revived doubts about its commitment to a more open currency market under measures announced on Friday.Due to excess demand for dollars, the peso ...
Emerging-markets selloff boosts yen, Swiss franc NEW YORK: Emerging market currencies were battered on Friday as global investors scrambled for shelter from a broad financial markets selloff by buying dollars, yen and Swiss francs.The Japanese yen surged to a seven-week high against the dollar, while the Swiss franc touched a four-week peak against the euro as U.S. stocks tumbled and safe-haven Treasuries gained.."The adjustment process is showing through in emerging market FX rates, particular those of Turkey and Argentina," said currency ...
Loonie bounces after rout as inflation rate rises TORONTO: The Canadian dollar firmed against the greenback on Friday, bouncing from a 4-1/2-year low in the previous session as the loonie benefited from the global flight from risky assets and as the domestic inflation rate rose.The stabilization in the loonie, which has been one of the underperformers among major currencies in 2014, came as investors sold stocks and emerging market currencies in the midst of a mix of country-specific problems and worries that reduced ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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WeeklyApril 14, 2014
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