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Brazil real seen stable at 2/dollar for months  RIO DE JANEIRO: Brazil's interventions in the foreign exchange market have helped convince economists that the real will remain stable around 2 per dollar for at least the next six months, a Reuters survey found on Thursday.   Expectations that US monetary stimulus would drive strong dollar inflows to Brazil have also given way to growing concerns about China and the euro zone, adding to bets on a stable currency.   Economists now expect the real to trade at 1.97 per dollar in one year, only 2.5 percent stronger than its current level, according to the median forecast of 32 financial institutions in Brazil and abroad.   The real currently hovers around 2.02 per greenback, more than 16 percent weaker from late February. Only a couple of months ago, economists had forecast it would recover to 1.96 by February of 2013 and to 1.92 by August.   "The world has changed, commodity prices have changed, China has changed, ...

Euro, pound slip ahead of ECB and BoE policy meetings  NEW YORK: The US dollar moved higher against the euro and the pound while the Japanese yen fell again Wednesday ahead of policy meetings at the European Central Bank and Bank of England.   At 2100 GMT, the euro was at $1.2903, slightly down from $1.2920 late Tuesday, while the British pound fell to $1.6073 from $1.6132.   Traders had their eyes on Thursday's rate-setting meetings at the ECB and BoE, amid deep weakness in the economies overseen by ...
Mexico peso up on US data; China, Spain weigh  SAO PAULO/MEXICO CITY: Mexico's peso edged up on Wednesday after encouraging US employment and service sector data improved the outlook for the Mexican economy.   But uncertainty related to Spain as well as a slowdown of the Chinese economy weighed on Latin American foreign exchange markets.   "Markets are wondering whether Spain will request a bailout or not. That raises investors' appetite for safe-haven assets such as the dollar," said Mauricio Nakahodo, an economic research consultant with Tokyo-Mitsubishi bank ...
C$ plumbs 4-week low on weak data, oil price  TORONTO: The Canadian dollar dropped to a near four-week low against the US dollar on Wednesday, dragged down by weak overseas economic data and retreating oil prices. The currency's slide was hastened by a broader rally in the US dollar, which gained against a range of currencies following the release of more upbeat economic numbers there. "We pushed down towards the low after the data that was out this morning, and then things have steadily been reversing ...
Dollar rallies broadly, lifted by upbeat US data  NEW YORK: The dollar rose on Wednesday after data showed US companies added more jobs than expected last month, boosting some hopes that the health of the world's largest economy was improving.   A separate report showing the vast US services sector gained momentum in September also helped lift the greenback to a two-week high against the yen and buoyed it against sterling and commodity-sensitive currencies from Australia and New Zealand.   Few analysts, though, were ready to say ...
Latam currencies gain on US data  RIO DE JANEIRO: Latin American currencies gained on Monday as investors kicked off the last quarter of the year with renewed appetite for risk, eyeing a surprise expansion in the US manufacturing sector and ongoing monetary stimulus by major central banks.   The Mexican peso rose 0.5 percent to 12.8016 per US dollar after data showed the manufacturing sector of the United States, Mexico's main trading partner, expanded in September for the first time since May.   The Brazilian ...
US dollar net shorts largest since early Aug 2011: CFTC  NEW YORK: Currency speculators boosted bets against the US dollar in the latest week to the highest in more than a year, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position rose to $17.96 billion in the week ended Sept. 25 from a net short of $10.05 billion the previous week. It was the third straight weekly net short position for the US dollar. To be ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln