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Dollar falls as housing, industrial data come in soft NEW YORK CITY: Soft data on US new home sales and durable goods orders backed a fall in the dollar against the euro and other major currencies Wednesday.At 2200 GMT, the euro was at $1.3522, compared to $1.3469 late Tuesday.The dollar slipped to 98.46 yen from 98.74, while the euro was slightly higher at 133.18 yen, from 133.00.The dollar fell in parallel with US Treasury bond yields, as markets appeared to back away from expectations that the Federal Reserve will begin reducing its $85 billion a month stimulus program in the coming few months."The almost daily decline in US yields tell us that investors still believe the chance of no tapering this year outweighs the chance of tapering," said Kathy Lien of BK Asset Management.The data suggested an economy still struggling to gain traction.US new home sales bounced back in August after July's slump, but the pace, 421,000 units a ...

Dollar, yen edge higher NEW YORK CITY: The dollar edged higher on the euro Tuesday while the yen gained on both as markets continued to settle after last week's big Federal Reserve-sparked movements.Data on the US economy was largely positive, though Congress and the White House continued to battle over a budget bill that, if not completed by the end of the month, could force a government shutdown at the start of October.At 2100 GMT the euro was trading ...
Dovish Draghi comments push euro lower NEW YORK CITY: The euro slipped against the dollar Monday after European Central Bank chief Mario Draghi voiced concern about rising interest rates and said the ECB could provide fresh liquidity to banks.At 2200 GMT the euro was at $1.3493, compared with $1.3525 late Friday.The yen gained modestly, the dollar falling to 98.83 yen from 99.34 yen and the euro dropping to 133.37 yen from 134.36.Draghi told a hearing of the European Parliament's committee for ...
Dollar mixed as Fed taper talk persists NEW YORK CITY: The dollar was mixed against other major currencies Friday as markets continued to digest the Federal Reserve's surprise decision to delay tapering stimulus.The euro, meanwhile, was under pressure ahead of Sunday's general election in Germany, the eurozone's economic powerhouse.The euro bought $1.3524 around 2200 GMT, down from $1.3531 late Thursday.The euro also weakened against the Japanese currency, trading at 134.36 yen compared with 134.57 yen the prior day.The dollar dropped to 99.35 ...
Dollar climbs off post-Fed low, near-term outlook unclear NEW YORK: The edged up further from a seven-month low against a currency basket on Friday though investors remained cautious given ongoing uncertainty over the US Federal Reserve's stimulus and looming congressional budget battles.The dollar touched a one-week high against the yen and rose against the euro after St. Louis Fed President James Bullard said it was possible the Fed might start to scale back bond purchases at its October meeting, depending on US ...
Dollar rebounds after steep losses, but outlook bleak NEW YORK: The dollar recovered on Thursday, a day after incurring sharp losses following the Federal Reserve's shock decision to keep its stimulus program intact, but the currency's prospects remained bleak with US interest rates seen staying low for some time.Fed Chairman Ben Bernanke, pointing to tightening financial conditions, on Wednesday refused to commit to reducing the bond purchases this year. The Fed also cut growth forecasts for 2013 and 2014, citing strains in the ...
Dollar near seven-month low after Fed surprise NEW YORK: The dollar struggled near a seven-month low against a basket of major currencies on Thursday after the Federal Reserve surprised many investors, who had positioned for a scaling back in its stimulus program, by leaving policy unchanged.Fed Chairman Ben Bernanke, citing tightening financial conditions, on Wednesday refused to commit to begin reducing the bond purchases this year. The Fed also cut growth forecasts for 2013 and 2014, citing strains in the economy from ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln