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Dollar climbs as Fed seen turning more hawkish this week NEW YORK: The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the US economy and provide fresh details about the US central bank's looming tightening policy. The dollar index, a measure of the greenback's value against six major currencies, has posted weekly gains for nine straight weeks on evidence the US economy has continued to gain traction relative to other major nations.The index was last at 84.259, slightly up on the day. The Federal Open Market Committee is expected to affirm the US economy's positive performance on Wednesday, at the end of the Fed's two-day meeting, plus a possible timeline as to when interest rates would start rising.Some strategists, however, said the market could be setting itself up for disappointment. "There is significant risk that the market may be miscalculating the degree of hawkishness that the Fed is ...

C$ firms as it bounces off key resistance level TORONTO: The Canadian dollar firmed against the greenback on Monday, recovering from a more than five-month low hit overnight as the currency pairing backed away from resistance at C$1.11.Investors started the week with some major events on the horizon, including a policy statement by the US Federal Reserve on Wednesday and a speech from the head of the Bank of Canada on Tuesday.Also, Scotland's referendum on whether to leave the United Kingdom will come on ...
C$ firms as bounces off key resistance level TORONTO: The Canadian dollar firmed against the greenback on Monday, bouncing back from a more than five-month low hit overnight, even after data over the weekend showed the Chinese economy lost steam in August.Investors started the week with some major events on the horizon, including a policy statement from the US Federal Reserve on Wednesday and a speech from the head of the Bank of Canada on Tuesday.Scotland's vote on whether to leave the United ...
Dollar gains as markets price in a hawkish Fed NEW YORK: The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the U.S. economy and provide fresh details about the central bank's looming tightening cycle.The dollar index, a measure of the greenback's value against six major currencies, has posted weekly gains for nine straight weeks on evidence the U.S. economy has continued to gain traction relative to other major nations.The Federal Open Market ...
Yen falls further, pound higher as Scotland vote looms NEW YORK: The yen fell again against the dollar and euro Friday while the pound edged higher amid polls in Scotland showing a small majority against breaking from the United Kingdom.The euro meanwhile gained on the dollar, while remaining below the $1.30 line.Markets remain on edge ahead of the Federal Reserve's policy meeting next week where a slightly less dovish tone could emerge and the Scottish independence referendum next Thursday.The pound sank last week after ...
Dollar weakens after jobless claims, still stronger on week NEW YORK: The US dollar retreated from six-year highs against the yen after data showed that more Americans filed for unemployment benefits last week, though the dollar index remained on track to post its ninth consecutive week of gains.Initial claims for state unemployment benefits unexpectedly increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday.The data was not seen running ...
C$ weakens with oil prices, flirts again with C$1.10 level TORONTO: The Canadian dollar weakened against the greenback on Thursday as oil prices sold off and the currency tested a break through strong technical resistance at C$1.10 for a third day in a row.Data that showed new home prices in Canada were unchanged in July elicited little reaction from the loonie, though the mostly second tier domestic data on offer this week had not been expected to drive the currency significantly.The loonie has shed about ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln