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Euro declines across the board, weighed by Merkel  NEW YORK: The euro fell against most major currencies on Wednesday after comments from German Chancellor Angela Merkel cited in a media report raised concerns about the future of the euro zone and rattled investors already concerned about the outlook for the common currency. "We have not yet shaped the European project in a way that we can be sure that everything will turn out well, we still have work to do," Merkel said. However, she added that she was "optimistic that we will succeed," a reiteration of her usual line on the survival of the euro. The comments were contained in an interview posted on Merkel's Christian Democratic Union party's website, according to a media report. The common currency sold off across the board following her comments, falling to a session low against the US dollar, a record trough against the Australian dollar, an 11-1/2-year low versus the Swedish crown, and a ...

Latam FX up as Wall St gains offset Bernanke  RIO DE JANEIRO: Latin American currencies rose in synch with US stock markets on Tuesday, but investors remained cautious after US Federal Reserve chief Ben Bernanke refrained from hinting at fresh stimulus measures that could boost the flow of dollars to emerging economies. The Mexican peso and the Brazilian real  initially inched lower as Bernanke repeated that Fed policymakers are ready to act if the economy deteriorates further, but didn't signal any immediate action. Gains on Wall ...
Dollar recovers with Bernanke vague on further easing  NEW YORK: The dollar recovered from session lows o n T uesday as Federal Reserve Chairman Ben Bernanke offered few hints that the US central bank was ready to offer more stimulus, although he said the Fed is prepared to boost a slowing US economy if needed. Before Bernanke's testimony to the Senate Banking Committee on Tuesday, investors had increased their bets that he would drop more hints about further monetary stimulus after the release of ...
C$ flat vs US$; market awaits central bank  TORONTO: Canada's dollar was little changed against its US counterpart on Monday, but hit a record high versus the euro amid mixed North American economic data and as investors awaited comments from the Bank of Canada. Against the greenback, the Canada's currency fell as low as C$1.0174, or 98.29 US cents, after data showed US retail sales fell for a third straight month in June. But against the euro, the Canadian dollar hit another consecutive record high, ...
Dollar under pressure on rising speculation for US easing  NEW YORK: The dollar slipped to a one-month low against the yen on Monday after poor US retail sales data last month bolstered expectations the Federal Reserve could launch another round of quantitative easing to boost a slowing economy. The euro was also on the defensive against most currencies, hitting a 3-1/2-year low against sterling and a six-week trough versus the yen as investors fretted about the delay in mobilizing bailout funds for troubled euro zone ...
Canadian dollar weakens after US data  TORONTO: Canada's dollar weakened to session low on Monday after data showed US retail sales fell for a third straight month in June in a sign the economic recovery is flagging. The Canadian dollar fell to C$1.0160 against the US currency, or 98.43 US cents, from around C$1.0154 just before the report's release. Elsewhere, domestic data showed foreigners acquired a record C$26.11 billion of Canadian securities in May, fueled by the largest bond purchases in three years, ...
Dollar extends losses vs yen after US retail sales data  NEW YORK: The dollar fell on Monday after an unexpected contraction in US retail sales in June, bolstering the view that recovery in the world's largest economy has stalled. U.S retail sales fell 0.5 percent last month where economists had expected a gain of 0.2 percent. Ex-autos, sales dropped 0.4 percent. The dollar fell to session lows against the yen after the data to 78.84 yen. It was last at 78.88, down 0.4 percent. The euro, meanwhile, trimmed ...


Index Closing Chg%
Arrow DJIA 17,067.56 0.18
Arrow Nasdaq 4,598.19 0.39
Arrow S&P 2,002.28 0.05
Arrow FTSE 6,829.17 0.06
Arrow DAX 9,507.02 0.30
Arrow CAC-40 4,378.33 0.03
Arrow Nikkei 15,668.60 1.24
Arrow H.Seng 24,749.02 0.01
Arrow Sensex 27,019.39 0.57

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklySeptember 02, 2014
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