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Euro sinks further on German weakness signs NEW YORK: The euro's fall continued on Tuesday, pulled down by a weak batch of German data and hints the European Central Bank could unveil easing measures to fight off deflation.The single currency logged its third straight daily drop against the dollar, sinking to $1.3169, the lowest level since early September 2013.Behind the euro's weakness was Monday's report that Germany's Ifo business confidence index fell to the lowest level in 13 months in August.In addition, the dollar pulled support from data showing a strong rise in US durable goods orders in July, and a surge in consumer confidence that added to signs of steady overall economic gains."It seems as though the (Federal Reserve's) Federal Open Market Committee is running out of arguments to retain its highly accommodative policy stance amid the ongoing improvements in the world's largest economy," said David Song of DailyFX."The bullish sentiment surrounding the dollar may gather ...

C$ firms, bouncing off technical resistance TORONTO: The Canadian dollar firmed against the greenback on Tuesday, recovering from a nearly four-month low hit in the overnight session as a dearth of domestic economic data left the loonie drifting.The low had brought the currency within a hair of the psychologically important C$1.10 level, which investors see as a key resistance threshold.The failure to pierce that level is not very encouraging for the US dollar-Canadian dollar bulls from a technical perspective, said Camilla ...
Dollar dips on profit-taking, easing US yields NEW YORK: The dollar softened on Tuesday after a run of gains while the battered euro continued to struggle on expectations of soft inflation data and more monetary easing.The dollar index, a basket of currencies traded against the greenback, was down 0.07 percent in early New York trading after touching a 2014 high of 82.613.Against the yen, the dollar was off 0.15 percent at 103.91 yen.The euro was at $1.3198 after touching a low of ...
Euro sinks again as Germany insists on austerity NEW YORK: The euro fell again against major currencies on Monday as Germany reiterated its insistence on austerity and reform in trying to revive the eurozone economy. The euro sank below $1.32 against the dollar, falling to its lowest level since early September 2013. As recently as May it was above $1.39.The euro also dropped against the British pound and Japanese yen, as German Chancellor Angela Merkel praised Madrid's austerity drive during a visit to ...
Dollar climbs as euro struggles near 1-year low NEW YORK: The dollar rose on Monday as the euro dropped on weak German economic data and comments by European Central Bank chief Mario Draghi raised market expectations of quantitative easing in the euro zone.The U.S. dollar index, which values the greenback against a basket of a half dozen major currencies, was up 0.22 percent in early New York trading after touching a 2014 high of 82.588.The index, which was up for a seventh straight ...
C$ weakens as investors mull central bank policies TORONTO: The Canadian dollar weakened against the greenback on Monday, hurt by concerns that diverging paths for central bank policy could leave the Bank of Canada on the sidelines even when the Federal Reserve ultimately starts raising rates.On the economic front, the loonie had few catalysts, with no domestic data on the docket until Friday's gross domestic product report. Analysts are forecasting the economy likely bounced back in the second quarter after being hit by ...
Dollar continues push higher against euro NEW YORK: The US dollar pushed to its highest level against the euro in 11 months, helped by Federal Reserve meeting minutes which showed an increasing focus on inflation.The third straight gain for the greenback took it to $1.3258 per euro, up 0.45 percent for the day, and capped a three-month run from the $1.39 per euro level.The dollar was already headed up early Wednesday after Eurostat the official statistics agency reported that exports from ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln