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C$ eases from highs ahead of Fed announcement  TORONTO: The Canadian dollar slid against the US dollar on Wednesday after a four-day rally, with traders looking ahead to the Federal Reserve's policy announcement on Thursday. Markets are anticipating the US central bank to announce a third round of bond purchases in an effort to revitalize a sluggish economy that has dragged on the country's employment growth. "Nothing's going on today -- a little bit of profit-taking across the markets. I think the markets as a whole still expect QE3 from the Fed tomorrow and that's really how they're positioned right now," said Shane Enright, executive director, foreign exchange sales at CIBC World Markets. "If we get it, I imagine there will still be some volatility, probably broader consolidation. If we don't see it, there should be US strength across the board." Stimulus action by the Fed is expected to weigh on the US dollar against currencies such as the Canadian dollar. At 3:19 ...

Peru LIMA: Peru's central bank offered to buy dollars in the local spot market on Wednesday as the sol currency strengthened 0.04 percent to bid 2.604 per dollar. The central bank bought $40 million on Tuesday but the sol currency ended bidding 2.605, its strongest level in more than 15 years. On September 1 the central bank raised reserve requirements to prevent inflows of speculative capital amid high foreign liquidity, and has intervened regularly in the local spot ...
Euro advances to 4-mth highs vs dollar on German ruling  NEW YORK: The euro climbed to a four-month peak against the dollar on Wednesday after Germany's Constitutional Court approved the euro zone's new rescue fund and budget pact, mitigating concerns about the region's three-year-old debt crisis. While the court approval was made under certain conditions, it was enough to lift market sentiment, boosting global stocks and reducing borrowing costs for Spain and Italy. The euro climbed to $1.2936, its highest since mid-May, blowing past reported option barriers ...
Brazil real weakens as central bank defends currency  RIO DE JANEIRO: The Brazilian real weakened o n Wednesday after the country's central bank intervened to halt four sessions of gains that drove the currency near an informal floor of 2 reais per dollar. The bank sold $1.37 billion in reverse currency swaps as part of its efforts to curb the real's gains, which had been spurred in previous sessions by optimism about additional monetary stimulus from the European Central Bank and the US Federal ...
Argentina currency policy creates multi-headed monster  BUENOS AIRES: Argentina's increasingly tough currency controls have spawned multiple exchange rates that hurt savers without helping exporters, and they could backfire by depressing investment and driving up inflation. President Cristina Fernandez is trying to lock in currency stability and end Argentines' long obsession with dollars in a country scarred by devaluations, most recently in 2002. The onerous controls are distorting the economy. The multiple exchange rate system - which the government does not acknowledge - forces ...
Euro rises ahead of German court ESM ruling  NEW YORK: The euro gained against the dollar Tuesday amid rising expectations that a German court will rule in favor of the eurozone rescue fund and the Federal Reserve will take new easing measures. At 2100 GMT, the euro was at $1.2848, compared to $1.2758 on Monday. The dollar fell against the yen, to 77.73 yen from 78.27 yen, while the euro was barely higher against the Japanese currency, rising to 99.88 yen. Markets were focused on the ...
Latam currencies gain on Fed bets, Moody SAO PAULO: Latin American currencies gained on Tuesday as a Moody's warning on US credit ratings weighed on the dollar globally, adding to bets the greenback will further underperform higher-yielding currencies as central banks deploy additional stimulus measures. The Brazilian real erased part of its gains to trade at 2.0177, however, after traders said the central bank was considering selling reverse currency swap contracts to stop the currency from strengthening past the level of 2 per ...

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln