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Euro gains on sentiment data, yen steady NEW YORK: The US dollar weakened against the euro on Tuesday on a better than expected survey of German sentiment and was steady against the Japanese yen after Japanese Prime Minister Shinzo Abe said he would call an early election to seek a fresh mandate for his economic policies.German analyst and investor sentiment rose in November for the first time in almost a year, surpassing expectations and raising hopes of an improvement in Europe's biggest economy after it dodged recession in the third quarter.The data lifted the euro as high as $1.2540. It last traded at $1.2520."The German ZEW index came in much, much better than expected," said Sireen Harajli, a foreign exchange strategist at Mizuho Corporate Bank in New York.The euro temporarily pared some gains after data showed that U.S. producer prices unexpectedly rose in October.The greenback has been broadly gaining against the euro and the yen as the ...

C$ flat in quiet trading, focus on Fed minutes TORONTO: The Canadian dollar was steady against the greenback in quiet trading on Tuesday as investors held off making bets ahead of Wednesday's release of minutes from the latest US Federal Reserve policy meeting and with no major domestic economic data on tap until week's end.A key US Senate vote on Tuesday on approving the Keystone XL oil pipeline project could move the commodities-linked Canadian dollar, but any impact was not expected to be lasting. ...
Yen steadies against dollar after GDP shock NEW YORK: The Japanese yen steadied against the U.S. dollar on Monday, coming off seven-year lows after Japan's economy unexpectedly slipped into recession in the third quarter.Japan's economic shock sets the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.Uncertainty around these events is likely to keep the Japanese currency volatile, though the yen may gain ...
C$ retreats as crude prices slip TORONTO: The Canadian dollar was softer against its US counterpart on Monday, tracking weaker oil prices, and with little else on the domestic calendar this week, the currency is expected to take its cues from external drivers.The commodities-linked Canadian dollar has been moving closer in tandem with the price of crude, a major Canadian export, and prices have slumped to four-year lows recently on concerns of an oil glut.Brent crude fell on Monday after Japan, ...
C$ firms slightly, boosted by oil, factory sales OTTAWA: The Canadian dollar firmed modestly against the greenback on Friday, sticking to a tight range as it was supported by data that showed domestic factory sales rose more than expected in September.A higher price of oil also helped the loonie stabilize theday after a drop in crude knocked the currency lower. Whip-saw trading for the Canadian dollar in recent sessions, partly due to movements in oil prices, has left the currency moving sideways for ...
Dollar gets lift from strong US retail data, yen decline NEW YORK: The dollar rallied on Friday, helped by unexpectedly strong US retail sales data and a slide in the yen to seven-year lows against the dollar on bets Japanese Prime Minister Shinzo Abe will call early elections and delay a sales tax increase. The euro also fell against the dollar and briefly dipped below $1.24, at $1.2399, despite better-than-expected euro zone economic growth numbers.The currency, which traded near $1.40 in May, is now close ...
C$ weakens slightly, weighed by dip in oil price TORONTO: The Canadian dollar was slightly weaker against its US counterpart on Thursday, as traders sold on any sign of strength in the Canadian unit, with a weak oil price blunting enthusiasm for the resource-linked currency.The loonie, as Canada's currency is colloquially known, has settled into a tighter range in recent sessions after a sharp weakening last week."The oscillation between C$1.13 and C$1.14 since the payroll numbers has really been in play...there were no legs ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln