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NEW YORK: The dollar rose from a one-month low against the euro and a 2-1/2-month trough versus the yen on Tuesday in thin trading, after a key US manufacturing gauge showed factory activity unexpectedly picked up last month, offsetting recent weak economic reports. The Institute for Supply Management's factory data was one of the rare instances of positive US economic news in recent weeks. Traders used the stronger-than-expected ISM manufacturing report to rebuild long dollar bets that had grown stale as the economy's outlook weakened. "The view on the economy has swung from optimism to pessimism of late and this could bring us back to the middle," said Nick Bennenbroek, head of FX strategy for North America at Wells Fargo in New York. "ISM suggests there's no real reason to get too concerned about the path of the US economy at this point." ISM reported that its index of manufacturing activity rose to ...

NEW YORK: The dollar fell to a one-month low against the euro and to a 2-1/2 month trough against the yen on Tuesday in thin trading, weighed down by recent weak US economic data that has rekindled speculation about a further round of monetary easing. The Australian dollar, meanwhile, fell sharply after the Reserve Bank of Australia slashed rates by a deeper-than-expected 50 basis points. A sharp fall in business activity in the US Midwest and other ...
NEW YORK: The euro weakened against the dollar on Monday and was on track for its worst month since December, pressured by nagging euro zone stresses as German retail sales were softer than expected and Spain slipped into recession. Investors were also wary of buying euros before weekend elections in France and Greece and a European Central Bank (ECB) meeting later in the week that could knock sentiment in the single currency. "There is clear risk aversion ...
NEW YORK: The dollar slumped to multi-week lows against the euro and the yen on Friday after a report showed US economic growth cooled in the first quarter, raising the prospect of further stimulus from the US Federal Reserve. The weaker-than-expected growth showed businesses cut back on investment and restocked shelves at a moderate pace at a time when investors are worried that a lack of job creation will stem consumer spending. Trading volumes dropped off on ...
TORONTO: Canada's dollar hit a seven-month high against its US counterpart on Friday and was on track for its best month this year after the greenback slid broadly on signs of flagging US growth. First-quarter US economic growth cooled as businesses cut back on investment and restocked shelves at a slower pace. The GDP data came on the heels of Thursday's disappointing US jobless claims report, raising expectations that the Fed could launch another round of monetary ...
LIMA: Peru's central bank bought $158 million on the local spot market on Thursday, but the sol still closed at its strongest level since October 1997. The sol bid 0.19 percent stronger at 2.642 per dollar. The central bank frequently buys greenbacks as it tries to curb exchange-rate volatility, building massive international reserves equal to about a third of Peru's gross domestic product. Copyright Reuters, 2012 ...
TORONTO: Canada's dollar slipped against its US counterpart on Thursday, snapping four sessions of gains and staying in a tight range for most of the day on disappointing US jobless claims data. US data on Thursday showed the number of Americans lining up for new jobless benefits fell slightly last week but remained above levels posted earlier this year, suggesting improvement in the labor market is stalling. "Some people are seeing the initial jobless claims this morning ...

 



 
Index Closing Chg%
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Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln