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C$ dives to 12-month low as Fed tapering seen on track TORONTO: The Canadian dollar lost more than a cent against its US counterpart on Wednesday, hurt by a double whammy of soft domestic retail sales data and US Federal Reserve hints that it might reduce its economic stimulus program soon.The plunge left the loonie, as Canada's currency is colloquially known, at its weakest level against the greenback since early June of last year.Traders saw little reason for the US dollar to reverse its advance after Fed Chairman Ben Bernanke said in congressional testimony that the central bank could scale back its $85 billion a month in bond-buying in the "next few meetings" if economic recovery continues.The release of minutes from the Fed's last meeting added to market sentiment that the US central bank's so-called quantitative easing program may be wound down sooner rather than later."Unless we see contradictory statements that say there will be absolutely no tapering of QE, I ...

Dollar dips vs euro before Bernanke testimony; yen weakens NEW YORK: The US dollar fell against the euro on Tuesday after comments from Federal Reserve officials dented expectations the US central bank may taper its bond purchases anytime soon.But the dollar rose against the yen, a day before the Bank of Japan concludes a two-day policy meeting. Traders widely expect the yen to fall further on expectations Japan will continue its aggressive monetary easing.The euro rose 0.2 percent to $1.2906, having reached a session ...
C$ softer as focus turns to Bernanke testimony TORONTO: The Canadian dollar softened against its US counterpart on Tuesday but was off its session low after comments by US Federal Reserve officials trimmed expectations that the US central bank might rein in its ultra-easy monetary policy.Two senior Fed officials played down the chances that the central bank would signal a readiness to curtail its bond buying program at its meeting next month, dampening earlier speculation spurred by persistent talk from more hawkish Fed ...
US dollar retreats broadly on caution before Bernanke NEW YORK: The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering US bond purchases this week.Market focus is shifting to Bernanke's testimony to Congress on Wednesday after recent comments by Fed officials have fueled speculation the US central bank may trim its bond purchases sooner than expected.The yen rebounded from a 4-1/2-year low against the dollar after Japan's Economy Minister ...
Euro rebounds; yen gains on minister's comments NEW YORK: The euro rebounded against the dollar Monday after sharp losses last week, while the yen also pushed higher after Japan's economy minister said it may have fallen far enough.At 2100 GMT, the euro was at $1.2884 compared to $1.2834 late Friday.The dollar fell to 102.26 yen from 103.19, while the euro moved to 131.76 yen from 132.44.The dollar mostly traded in a narrow range in the absence of fresh economic data and in ...
C$ ends near 2-month low on weak inflation data TORONTO: The Canadian dollar closed weaker against its US counterpart on Friday after touching its softest level in more than two months on inflation data that was both far below expectations and well off the Bank of Canada's target range.Annual inflation fell in April to 0.4 percent from 1.0 percent in March, its lowest level since the 0.1 percent hit in October 2009 and far below the central bank's target range of 1 to 3 ...
Dollar struggles against euro and yen on weak data NEW YORK: The US dollar dropped against the euro and Japanese yen on Thursday as a deluge of data highlighted vulnerabilities in the US economy and curbed expectations the Federal Reserve will scale back its bond-buying program any time soon.The dollar snapped a five-day advance against the euro after data showed the number of Americans filing new claims for unemployment benefits climbed last week to the fastest pace in six months, raising concerns about government ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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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
WeeklyMarch 13, 2015
Reserves $16.273 bln