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Dollar drifts lower after US data undermines Q2 growth hopes NEW YORK: The US dollar held near its lowest since January against a currency basket on Thursday after soft U.S. producer prices data challenged hopes for better U.S. economic growth and supported the view that the Federal Reserve would delay hiking interest rates.The U.S. Labor Department said its producer price index for final demand fell 0.4 percent last month, declining for the third time this year. While data showing U.S. jobless claims fell last week indicated solid footing in the U.S. jobs market, the inflation data reinforced views of a dovish Fed."We need to see clarity that the underlying growth trend in the U.S. economy is actually firmer than the Q1 number would suggest" in order for the dollar to resume its strengthening trend, said Jose Wynne, global head of FX research at Barclays in New York.He said that Barclays still expects the Fed to make an initial rate hike ...

C$ rallies to January highs on weak US$, oil TORONTO: The Canadian dollar extended this week's gains against its US counterpart on Thursday, supported by a softer greenback and oil prices that stayed close to 2015 highs.Investors have grown concerned that recent US data has not been painting a picture of a strengthening economy. At one point on Thursday, the US dollar fell to its weakest level against a basket of major currencies since January, with Wednesday's underwhelming April retail sales numbers still casting ...
C$ boosted by soft US data, firms to 4-month high TORONTO: The Canadian dollar firmed against the US dollar on Wednesday, at one point hitting its strongest since mid-January, following disappointing US economic data that pushed the greenback to more than three-month lows against a basket of major currencies.US retail sales missed forecasts in April, holding steady as households scaled back big-ticket purchases such as cars. Meanwhile, April import prices in the United States fell for a 10th straight month, likely due to the strong ...
Dollar declines, gold up after soft US data NEW YORK: The dollar index hit its lowest in more than three months while gold prices jumped on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.Wall Street's major indexes ended little changed after gaining early in the session on the data, which showed U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was ...
Dollar slips, stocks up slightly after soft US data NEW YORK: The dollar index hit its lowest in more than three months while global stock indexes inched up on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.The S&P 500 was near flat after trading higher on the data, which showed U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was struggling to ...
Dollar slides after weak US retail sales suggest dovish Fed NEW YORK: The US dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected US retail sales data for April supported expectations that the Federal Reserve would wait until later to hike rates. US retail sales were unchanged in April as households cut back on purchases of automobiles and other big-ticket items. The data suggested the economy was struggling to make a strong rebound after barely growing in ...
Latin American currencies gain on weak US data SAO PAULO: Latin American currencies strengthened on Wednesday following disappointing US economic data, though Brazil's real stayed anchored near the key 3-per-dollar level.Equities markets were mixed, with MSCI Latin American stock index edging slightly higher, though Brazil's Bovespa index dropped for a second straight day.Data on Wednesday showed US retail sales were flat in April, indicating the economy was struggling to rebound strongly after barely growing in the first quarter.Disappointing economic data from the US ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln