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Dollar firms as Obama taps Yellen for Fed NEW YORK CITY: The dollar Wednesday advanced against major currencies after President.Obama tapped Janet Yellen to lead the US Federal Reserve, signaling a continuation of the Fed's easy-money policy.Around 2200 GMT, the euro traded at $1.3523, down from $1.3572 on Tuesday.The greenback bought 97.37 Japanese yen, up from 96.86.The euro also rose against the yen, trading at 131.74 from 131.47.Analysts said Yellen's nomination restored a note of normalcy to Washington, where a government shutdown dragged into a ninth day with no sign of political compromise on a budget for the 2014 fiscal year that began October 1. "While the selection of Yellen, a known policy dove, would generally be seen as negative for the dollar, an active Federal Reserve could be seen as positive for an economy that could become increasingly vulnerable to fiscal headwinds from a chaotic backdrop in Washington," said Omer Esiner, chief market analyst at Commonwealth Forex ...

Loonie weakened by US shutdown, China growth outlook TORONTO: The Canadian dollar weakened on Monday as a US federal government shutdown stretched into its second week with lawmakers no closer to an agreement, and after the World Bank lowered its growth forecast for China.A large drop in Canadian building permits in August briefly took the loonie to a session low.The partial government shutdown south of the border that started last week had no end in sight and was bringing lawmakers closer to a ...
Washington gridlock may disrupt vital money markets NEW YORK: The fight over raising the US debt ceiling is starting to rattle the money markets and could eventually disrupt the flow of cash needed for banks to lend and companies to invest.As an impasse over the federal budget lengthens the first partial government shutdown in 17 years, there are increasing fears among investors that the White House and Congress won't reach an agreement to raise the $16.7 trillion debt limit by an Oct. ...
Dollar sinks further as US shutdown passes 3rd day WASHINGTON: The dollar fell again Thursday against the euro and the yen as the US government shutdown ground through its third day with no end in sight.Worries mounted that the political paralysis in Washington would lead to the government being forced to default on its obligations.With it appearing that the issue of raising the country's borrowing limit would be rolled into the fight over the budget, the Treasury warned that not raising the debt limit ...
Dollar falls as housing, industrial data come in soft NEW YORK CITY: Soft data on US new home sales and durable goods orders backed a fall in the dollar against the euro and other major currencies Wednesday.At 2200 GMT, the euro was at $1.3522, compared to $1.3469 late Tuesday.The dollar slipped to 98.46 yen from 98.74, while the euro was slightly higher at 133.18 yen, from 133.00.The dollar fell in parallel with US Treasury bond yields, as markets appeared to back away from expectations ...
Dollar, yen edge higher NEW YORK CITY: The dollar edged higher on the euro Tuesday while the yen gained on both as markets continued to settle after last week's big Federal Reserve-sparked movements.Data on the US economy was largely positive, though Congress and the White House continued to battle over a budget bill that, if not completed by the end of the month, could force a government shutdown at the start of October.At 2100 GMT the euro was trading ...
Dovish Draghi comments push euro lower NEW YORK CITY: The euro slipped against the dollar Monday after European Central Bank chief Mario Draghi voiced concern about rising interest rates and said the ECB could provide fresh liquidity to banks.At 2200 GMT the euro was at $1.3493, compared with $1.3525 late Friday.The yen gained modestly, the dollar falling to 98.83 yen from 99.34 yen and the euro dropping to 133.37 yen from 134.36.Draghi told a hearing of the European Parliament's committee for ...


Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln