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Dollar sinks as recent sharp gains could impact Fed rate hike NEW YORK: The dollar fell across the board on Monday, as investors fretted that the greenback's rapid rise could prompt the Federal Reserve to be a little more cautious about raising interest rates this year.The U.S. currency has risen about 24 percent against a basket of currencies since May and it could become a key issue at this week's Fed monetary policy meeting."The Fed dominates this week, and the concern among some in the market is that the dollar has gone too fast too soon, that this could affect the Fed's inflation goal," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.He added that the overall view is that the Fed will still raise rates sooner rather than later, but that the dollar's sharp gains have given some investors doubts about the timing of the U.S. central bank's tightening.The dollar index was down 0.9 percent at ...

C$ pares session losses after Canada jobs data TORONTO: The Canadian dollar pared earlier session losses on Friday after data showed the economy lost fewer jobs than expected in February. Canadian jobs decreased by 1,000 in February compared with forecasts for a loss of 5,000. The unemployment rate rose to 6.8 percent, with 34,000 full-time jobs created and 34,900 part-time jobs lost. The Canadian dollar firmed to C$1.2725 to US dollar, or 78.59 US cents, stronger than just prior to the data's release, ...
Dollar rally stalls, euro climbs from fresh 12 years low NEW YORK: The dollar fell against the euro on Thursday as investors took profits after a powerful rally brought the greenback to a 12-year high in early trade, then surprisingly weak U.S. February retail sales stoked the sell-off.The euro remained down 12 percent year-to-date, careening toward parity with the dollar as monetary policies ease in Europe and elsewhere at a time of stronger U.S. economic growth and expectations the Federal Reserve will start raising interest ...
C$ firms but oil price, jobs worry cut into early gain TORONTO: The Canadian dollar closed stronger against the greenback on Thursday but lower crude prices and market anticipation of a weak Canadian employment report for February on Friday cost it most of its early gains.The price of oil, a major Canadian export, fell on forecasts for another big supply build, with US crude settling down 2.3 percent at $47.05 a barrel, and Brent finishing nearly 1 percent lower at $57.08."We saw crude sell off aggressively, ...
C$ recoups losses as US$ softens on retail sales TORONTO: The Canadian dollar recouped all of the previous session's losses against its US counterpart on Thursday as the greenback retreated on data that showed US retail sales fell unexpectedly in February, the third straight month of declines.The drop in sales was fairly broad-based, suggesting poor winter weather kept shoppers away, and could hurt economic growth in the first quarter.The US dollar index, which measures the greenback against six major currencies, touched its highest level ...
Dollar rally stalls, euro climbs from fresh 12-year low NEW YORK: The euro extended gains against the dollar on Thursday after surprisingly weak US February retail sales data, recovering from an earlier 12-year low in Asian trade. Since the start of the year the euro has suffered a 12 percent decline, careening toward parity with the greenback as monetary policies in Europe, and elsewhere around the world, ease. This is in contrast to stronger US economic growth and expectations the Federal Reserve will start ...
C$ hits weakest close in six years on US$ rally TORONTO: The Canadian dollar slumped to its weakest finish in six years against its US counterpart on Wednesday, as a rallying greenback and slumping crude prices weighed on the currency.The US dollar surged to a 12-year high against a basket of major currencies amid expectations the US Federal Reserve will begin hiking interest rates in the coming months and after the European Central Bank began buying sovereign bonds on Monday to try and boost growth ...

 



 
Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln