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Euro slips versus dollar after weak German data  NEW YORK: The euro edged lower against the dollar on Wednesday, pressured by soft German economic data, but losses were limited by hopes the European Central Bank may soon take action to lower Spanish and Italian borrowing costs. Adding to pressure on the euro were comments from Eurogroup President Jean-Claude Juncker that a Greek exit from the euro zone would be manageable but is not desirable. Industrial output in Germany, the euro zone's biggest economy, fell more than expected in June. Separate data showed German imports fell in June for the second time in three months, and exports also dropped. "The reports reminded investors that regardless of what the ECB does to bring down government borrowing costs, the real economies of Europe, even Germany's, continue to decline," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington. The euro fell 0.4 percent to $1.2355, after hitting a one-month high of $1.2443 on ...

Euro gains for 3rd day on expectation of ECB action  NEW YORK: The euro rose for a third straight session against the dollar on Tuesday, underpinned by expectations the European Central Bank is prepared to act soon to lower borrowing costs for Spain and Italy. The Australian dollar also rose to its highest in more than four months against the greenback after the country's central bank kept interest rates unchanged at 3.5 percent and dropped few hints about easing soon. Rising expectations that the ECB could step ...
C$ firms to near 3-month high on ECB hopes  TORONTO: Canada's dollar firmed to its strongest level in nearly three months against its US counterpart on Tuesday, boosted by last week's strong US jobs data and the European Central Bank's pledge to support bond markets in the struggling euro zone. The Canadian currency climbed to a near three-month high at C$0.9972 against the greenback, or $1.0028, its strongest level since May 11. Copyright Reuters, 2012 ...
Euro edges higher vs dollar on ECB hopes  NEW YORK: The euro edged higher against the dollar on Monday, extending previous session's gains on hopes the European Central Bank will take action to lower borrowing costs for Spain and Italy. With little news to drive markets, investors continued to focus on comments from ECB President Mario Draghi last week, when he said the bank will draw up plans for bond buying in the coming weeks. Gains in the equity market sparked by Friday's data showing ...
US data helps fuel C$ rally  TORONTO: Canada's dollar traded at a stronger level than the US currency on Friday for the first time in more than 2 months as investors welcomed a US jobs report that offered signs that the economy there is improving. The currency climbed to a high of C$0.9980 to the greenback, or $1.0020, its strongest level since May 11, after the US data. Nonfarm payrolls rose 163,000 last month, beating economists' expectations for a 100,000 gain. The report ...
C$ stronger than US$ for first time since May  TORONTO: Canada's dollar traded at a stronger level than the US currency on Friday for the first time in more than 2 months as investors remained hopeful that central banks around the globe would take action to prop up their economies. The Canadian dollar rose to C$0.9997 against the US currency, or $1.0003. It was the first time it traded through parity with the greenback since May 15. On Thursday, the currency finished at C$1.0072 against ...
After nearing US$ parity, C$ sinks on ECB news  TORONTO: The Canadian dollar pulled back from near parity with the US currency to close weaker on Thursday after European Central Bank President Mario Draghi disappointed investors by not unveiling immediate measures to combat the euro zone debt crisis. Market expectations were high heading into a news conference by Draghi after he recently said he would do "whatever it takes to preserve the euro." Many investors thought this would mean purchases of Italian and Spanish bonds. However, ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln