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Yen falls before weekend elections; dollar holds gains NEW YORK: The yen fell broadly on Thursday, hitting a seven-week low against the euro, as traders bet Japan's upper house elections on Sunday would strengthen Prime Minister Shinzo Abe's position and his stimulus plans.Opinion polls show Abe's ruling bloc on track for a big win, which will give Abe more freedom to push forward his agenda to revive the economy through aggressive monetary easing and hefty government spending.The dollar and euro have gained about 15 percent against the yen so far this year on expectations of aggressive easing in Japan. But the rally has lost momentum since the dollar hit a 4-1/2-year high of 103.73 yen in late May."Japanese elections over the week-end should encourage more outflows out of Japan," said Sebastien Galy, foreign exchange strategist at Societe Generale in New York.The dollar gained 0.7 percent to 100.28 yen, having reached a session peak of 100.37 yen, according to ...

Dollar higher after Bernanke comments NEW YORK CITY: The US dollar pushed higher against the euro even as bond yields fell Wednesday after the Fed's Ben Bernanke said interest rates would stay low even if stimulus is trimmed.Fed chief Ben Bernanke's message was clear -- that the economy is too weak for any interest rate increases for "the foreseeable future," with government spending cuts and high unemployment still a significant hurdle to recovery.But market reactions were mixed.Bonds pushed higher on ...
Dollar trims losses vs euro, yen after US CPI data NEW YORK: The dollar pared its losses against the euro and yen on Tuesday after data showed US consumer prices rose more than expected in June as gasoline prices jumped, but underlying inflation pressure remained benign.The euro last traded at $1.3097, still up 0.3 percent on the day. Before the release, the euro was trading around $1.3121.The dollar was down 0.3 percent on the day at 99.52 yen , compared with 99.35 yen before the ...
Dollar up from selloff, Bernanke testimony to set outlook NEW YORK: The dollar rose against the yen on Monday as traders said a selloff last week was overdone because the Federal Reserve is still likely to be the first among major central banks to move away from ultra-loose monetary policy.The greenback's gains were trimmed after data showing US retail sales rose less than expected in June, thereby denting expectations of a reduction in stimulus by the Fed this year. But the impact was offset ...
Dollar edges higher despite weak US retail sales NEW YORK CITY: The dollar Monday continued to regain strength after last week's retreat, even as US retail sales figures disappointed.The euro slipped to $1.3064 at 2100 GMT from $1.3066 at the same time Friday.The dollar also gained on the Japanese yen, trading at 99.82 compared with 99.29.The euro rose against the yen, buying 130.41 of the Japanese currency compared with 129.73 late Friday.The dollar also advanced modestly against the British pound and the Swiss ...
C$ rallies as US$ slumps on Fed, Bernanke comments TORONTO: The Canadian dollar on Thursday strengthened by as much as two cents against its US counterpart, which tumbled after the Federal Reserve indicated it may not be as ready to pull back its stimulus measures as markets had predicted.Shares and bonds rallied globally, while the US dollar fell sharply as markets reassessed when the US central bank would wind down its asset purchase program."Markets pretty much rallied globally. That put a bid on everything ...
Oil boosts C$ ahead of US holiday, jobs data TORONTO: The Canadian dollar gained versus its US counterpart on Wednesday, rebounding from Tuesday's 21-month lows as strong oil prices lifted the currency, while its recent decline enticed value seekers.US crude topped $100 a barrel for the first time since September on concerns about Egyptian unrest and tight supplies. Higher oil prices typically boost the Canadian dollar because Canada is a major supplier of oil to the US market.With activity muted ahead of the US ...


Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
Arrow CAC-40 5,268.91 1.30
Arrow Nikkei 19,983.32 0.18
Arrow H.Seng 28,433.59 1.33
Arrow Sensex 27,176.99 0.95

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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln