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Canadian dollar weakens as QE rally fades  TORONTO: The Canadian dollar dropped against its US counterpart on Monday, easing further from 13-month highs hit in the previous session as investors continued to book profits and reassess the impact of yet another round of US monetary stimulus. Promised support from the US and euro zone central banks have propelled the risk-related Canadian currency up nearly 8 percent since its lows in June. The Fed announced last week that it plans to pump an extra $40 billion a month into the economy until jobs data improves, while the European Central Bank outlined its new bond-buying initiative earlier in the month. But the new week started on a cautious tone, with market players asking what next. "There are enough question marks out there, that even the Canadian dollar will take a pause given our linkages (to the United States)," said Don Mikolich, executive director, foreign exchange sales, at CIBC World Markets. While action from ...

Latam FX gains, Brazil steps up intervention  MEXICO CITY/SAO PAULO: Latin American currencies firmed Friday on bets that more US monetary stimulus will push a flood of investment into the region, with Brazil's real firming despite stepped-up intervention efforts. The Mexican peso rose to more than a five-month high and the Chilean peso firmed to its strongest level in more than a year after Thursday's news of a third round of monetary stimulus by the US Federal Reserve boosted riskier assets around the ...
C$ relinquishes recent highs, factory data drags  TORONTO: The Canadian dollar surrendered gains against the US currency on Friday, as grim manufacturing sales data dampened some of the euphoria from the Federal Reserve's aggressive new stimulus program. Canadian factory sales fell 1.5 percent in July from June versus market expectations of a 0.4 percent gain, hurt by weakness in most industries, but especially a drop in sales of aerospace products, motor vehicles, and machinery, according to government data. "The trend ... has been pretty ...
Brazil SAO PAULO: Brazil's central bank sold just $370.6 million in a second auction of reverse currency swaps on Friday as part of its efforts to curb currency gains following the announcement of a third round of US monetary stimulus by the Federal Reserve. The bank sold 7,400 of the 70,000 contracts on offer, with 2,200 contracts maturing on Nov. 1 and 5,200 maturing on Dec. 1. The bank sold $1.78 billion in reverse swaps in another offering ...
Speculators short US dollar in latest week : CFTC  NEW YORK: Currency speculators again turned negative on the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the US dollar's short position in the week ended Sept. 11 totaled $6.176 billion compared with a net long position of $1.5 billion the previous week. The return to bets against the dollar was in line with negative sentiment two weeks ago. Data collated though the week ...
US dollar slumps as Fed, ECB actions weigh NEW YORK: Dollar dropped against most currencies on Friday, hitting a more than four-month low versus the euro a day after the Federal Reserve announced a fresh round of monetary stimulus to boost a still lackluster US economy. The Fed on Wednesday said it would embark on another phase of quantitative easing, by buying $40 billion of mortgage-backed debt per month until the outlook for US jobs improved substantially. It also expects benchmark US interest rates ...
C$ strikes 13-mth high after aggressive Fed move  TORONTO: The Canadian dollar strengthened to its firmest level in more than a year against its US counterpart after the US Federal Reserve announced an aggressive third round of stimulus on Thursday. The US central bank said it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially. In a significant shift in the direction of US monetary policy, the Fed has tied its unconventional bond ...


Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln