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Strong dollar, weak demand snap 4 days of gains NEW YORK: Commodities fell on Wednesday, snapping four straight days of gains, with a strong dollar and a general slowdown in demand pressuring prices for oil, metals and most crops.Some raw materials, like robusta coffee and corn, slid on profit-taking as traders unwound bullish bets built since last Thursday on optimism about the US economic recovery.Benchmark Brent crude oil in London fell after the dollar climbed to a seven-month high against a basket of currencies and hit a three-month peak versus the euro.A larger-than-expected increase in US crude inventories, and a trimmed demand forecast from the International Energy Agency, also weighed on oil prices.Copper was also hit by the stronger dollar while gold slipped after a failure to rise past $1,600 an ounce prompted investors in bullion to reduce positions.The Thomson Reuters-Jefferies CRB index, a bellwether for commodity prices, settled down 0.3 percent. Thirteen of the 19 markets tracked by ...

Mexico peso up 5th day, US data buoys Latam FX RIO DE JANEIRO: The Mexican peso gained for a fifth consecutive session on Wednesday, leading Latin American currencies higher, as data showed US retail sales rose in February more than twice as much as economists expected.The data boosted prospects for Mexico's economy, adding to investor optimism about a series of structural reforms planned by the new government of President Enrique Pena Nieto. The United States is the main destination for Mexican exports.The Mexican peso firmed ...
Brazil real weakens as central bank announces swap auction RIO DE JANEIRO: The Brazilian real weakened about half a percentage point on Monday after the central bank intervened in the market, signaling it does not want the currency to gain past the level of 1.95 per US dollar.The bank said it was selling up to 30,000 reverse currency swaps, derivative contracts designed to weaken the real, which had been trading slightly below 1.95 per dollar since Friday.The real last traded at 1.9563 per dollar, ...
US concern on China currency fades as yuan grinds higher WASHINGTON: After years of grabbing the spotlight in US-China economic relations, US concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft. Some lawmakers continue to argue a weak Chinese yuan is robbing jobs from the United States. But action to force a change is unlikely and the issue will probably remain on the back burner as long as the US economy continues ...
Euro climbs to session peak vs dollar NEW YORK: The euro climbed to a session peak against the dollar on Thursday as the European Central Bank gave no hints about monetary policy easing in the months ahead after leaving its benchmark interest rate unchanged. The euro was last up 0.7 percent at $1.3062. Copyright Reuters, 2013 ...
C$ slightly firmer after trade, building data   TORONTO: The Canadian dollar was slightly firmer following the release of a report showing Canada's trade deficit narrowed in January as exports grew at a faster rate than imports. The Canadian dollar initially weakened to C$1.0317 to the US dollar, or 96.93 US cents, following the release of the data. But it then firmed to C$1.0303. It had closed at C$1.0315 versus the US dollar on Wednesday.  Copyright Reuters, 2013     ...
Dollar rises on US hiring numbers        NEW YORK: The dollar strengthened against other major currencies Wednesday after an encouraging reading on business hiring stoked optimism for the US February jobs report due Friday.   The euro and the pound particularly lagged against the dollar ahead of monetary policy meetings Thursday of the European Central Bank and the Bank of England.   Official confirmation that the eurozone economy shrank 0.6 percent in the fourth quarter, bringing a 0.6 percent contraction for all of 2012, focused attention ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln