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Euro rises vs dollar for first time in 4 days  NEW YORK: The euro rose against the dollar for the first time in four days on Thursday after the head of the International Monetary Fund said indebted euro zone economies should have more time to cut budget deficits, overshadowing a downgrade of Spain's credit rating.   The dollar slipped against higher-yielding currencies while the yen weakened broadly after an unexpectedly sharp fall in claims for US jobless benefits spurred investors to sell perceived safe havens and buy currencies with better returns.   Christine Lagarde, the IMF's managing director, said she favored giving debt-burdened Greece and Spain more time to reduce their budget deficits because cutting too far and too fast would do more harm than good.   Lagarde's comments were seen supporting stability in the euro zone and reducing the risk of Greece exiting the 17-member bloc. Germany, however, responded by saying back-tracking on debt-reduction goals would hurt confidence.   "We had some relatively supportive comments from Christine ...

Latam FX gains, Brazil yields drop  SAO PAULO: Latin American currencies gained on Thursday as stronger-than-forecast US jobs data encouraged investors to take risk in emerging markets, while Brazil's interest-rate futures fell after the central bank eased monetary policy late on Wednesday.   The Mexican peso and the Brazilian real rebounded from one-month lows after data showed the number of Americans filing for unemployment benefits fell last week to the lowest level in more than four and a half years.   The data suggested a ...
Major currencies flat as Fed report fails to excite  NEW YORK: The euro edged slightly higher against the dollar Wednesday in a generally quiet forex market unmoved by the slight improvements in the US economy noted in the Federal Reserve's Beige Book survey.   "Trading during the North American trading session was pretty boring today in the FX world as equities are garnering most of the attention. The earnings season is upon us and evidently, equities traders aren't too happy with what they are seeing so ...
Euro flat vs dollar as investors eye Spain, Greece  NEW YORK: The euro was stable against the dollar on Wednesday after a two-day decline as investors waited to see whether debt-ridden Spain would ask for a bailout for its public finances.   Traders said the euro is likely to trade in a range in the near term, with good support from its 200-day moving average around $1.2820, followed by the Oct. 1 low of $1.2802. A break below there would leave it vulnerable to more falls.   "The ...
Greece worries propel dollar higher  NEW YORK: The dollar gained ground against the euro Monday as fresh worries about Greece and Spain roiled the eurozone.   New concerns over Greece's future spilled through the markets after news that German Chancellor Angela Merkel was headed to Athens for talks on Tuesday.   At 2200 GMT, the euro was at $1.2967 compared to $1.3031 late Friday.   The yen pushed higher after falling most of last week, with the dollar buying 78.31 yen compared to 78.64, and the ...
Mexico peso drops on growth concern, real flat  SAO PAULO: Concerns about global growth and the euro zone weighed on Latin American currencies on Monday, although the Brazilian real remained little changed after a central bank intervention on Friday.   The Mexican peso dropped 0.3 percent to 12.819 per dollar as global growth concerns increased after the World Bank revised down its forecast for East Asian economies.   Investors were also cautious about Spain's financial health, even as euro zone finance ministers said the country did not ...
Brazil real down on intervention, Mexico peso up SAO PAULO: Mexican peso firmed on Friday after an unexpected drop in the US unemployment rate encouraged investors to take risk in emerging markets, but the Brazilian real fell as the central bank intervened in the foreign exchange market.   Mexican peso gained 0.4 percent to 12.6958 per dollar after the US Labor Department said the US jobless rate fell to 7.8 percent in September, reaching its lowest level since President Barack Obama took office.   The data improved ...

 



 
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Arrow DJIA 17,810.06 0.51
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln