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Dollar gains in safe-haven rush as Syria worries mount NEW YORK CITY: The dollar Wednesday rallied against other major currencies as the prospects of a military strike against Syria revived the safe-haven trade for the greenback.Near 2200 GMT, the euro fell to $1.3341 compared with $1.3391 Tuesday night.The dollar rose to 97.72 yen from 97.01 yen.The euro bought 130.36 yen, up from 129.88 yen.The Syria crisis has reverberated through financial markets as the US and other western nations plot a likely military strike against the country in the wake of its purported August 21 chemical weapons attack on its citizens.A US State Department spokeswoman said the US was considering working with allies on the plan in spite of the Russian opposition at the United Nations Security Council.The Syria talk triggered a flight to the safety of the US dollar, analysts said."The US dollar rose across the board as growing investor unease over Syria bolstered the safety trade," said Joe ...

Brazil's $60bn trade is bailout by another name NEW YORK/SAO PAULO: Brazil's latest, $60 billion currency intervention is just a bailout by another name. The central bank's plan to prop up the real looks designed to paper over flawed government policy and corporate blunders. Depreciation has created import inflation - hitting Brazil's voracious middle-class consumers, something that must be worrying President Dilma Rousseff. Meantime, companies committed the cardinal sin of borrowing in dollars. This won't end well.For the moment, Brazil's central bank has ...
Dollar falls as US housing data dents Fed taper view NEW YORK: The dollar fell against a basket of currencies on Friday, falling from a three-week peak against the yen, as a steep drop in US new home sales raised doubts that the Federal Reserve will actually reduce its asset-buying program next month.An already buoyant euro hit $1.34 following the earlier release of US housing data, with investors also selling the greenback against other currencies such as the Swiss franc and Australian dollar.The dollar also ...
Dollar gains after Fed minutes NEW YORK CITY: The dollar pushed higher on Wednesday after the Federal Reserve's minutes of its last policy meeting indicated the central bank was committed to scaling back its asset-buying program.The euro bought $1.3358 around 2200 GMT, down from $1.3420 late Tuesday.The dollar edged up to 97.67 yen from 97.32 yen, while the euro fell to 130.46 yen from 130.60 yen.The minutes of the Fed's policy-setting Federal Open Market Committee meeting in late July, released ...
Mexico's peso weakens more than 2pc after Fed minutes MEXICO CITY: Mexico's peso extended earlier losses to weaken more than 2 percent on Wednesday after US Federal Reserve minutes showed a few policymakers thought last month it would soon be time to slow its massive stimulus program.The peso slid to 13.2385 per dollar, its lowest level since late July.The Fed's bond-buying program has supported investor appetite for emerging market assets.Copyright Reuters, 2013 ...
Euro-dollar rate flat as treasury yields jump NEW YORK CITY: The euro-dollar exchange rate was little changed Monday despite another jump in US Treasury yields that put more upward pressure on greenback interest rates.But emerging economy currencies, including the Indian rupee, Indonesia's rupiah, the South African rand, and others, continued to sink against the dollar on the rate trend.At 2100 GMT Monday the euro was at $1.3334, up from $1.3326 late Friday.The dollar was little changed against the Japanese currency, edging up ...
US firms' blaming dollar for weak profits may be premature NEW YORK: US companies' warnings that a stronger dollar could drag on profits in the second half of the year could prove overstated.The dollar has lately been defying expectations of a rise, weakening at a time when the betting had been on strengthening as the US economy outpaced other major regions.If the weakness continues, the dollar could become a help instead of a hindrance for companies that rely heavily on selling goods and services abroad, ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln