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Euro rises ahead of German court ESM ruling  NEW YORK: The euro gained against the dollar Tuesday amid rising expectations that a German court will rule in favor of the eurozone rescue fund and the Federal Reserve will take new easing measures. At 2100 GMT, the euro was at $1.2848, compared to $1.2758 on Monday. The dollar fell against the yen, to 77.73 yen from 78.27 yen, while the euro was barely higher against the Japanese currency, rising to 99.88 yen. Markets were focused on the ruling expected Wednesday by Germany's Constitutional Court on the legality of the European Stability Mechanism. If it rules in support of the ESM, the eurozone will have fresh flexibility to deploy some 500 billion euros ($630 billion) to support the region's weakest members, with immediate attention on struggling Spain. Also on Wednesday, the Federal Reserve's policy board starts a two-day meeting with expectations high that it will undertake new monetary easing measures, possibly a new quantitative easing ...

Latam currencies gain on Fed bets, Moody SAO PAULO: Latin American currencies gained on Tuesday as a Moody's warning on US credit ratings weighed on the dollar globally, adding to bets the greenback will further underperform higher-yielding currencies as central banks deploy additional stimulus measures. The Brazilian real erased part of its gains to trade at 2.0177, however, after traders said the central bank was considering selling reverse currency swap contracts to stop the currency from strengthening past the level of 2 per ...
US dollar falls as Fed, Moody NEW YORK: The US dollar fell against most major currencies on Tuesday on expectations the Federal Reserve will soon unveil new economic stimulus measures and losses accelerated after Moody's Investors Service raised fears about a credit rating downgrade of the United States. Moody's said the US could lose its triple-A debt rating if next year's government budget talks do not result in a lower debt to GDP ratio. The euro also hit a four-month high on expectations ...
Aussie dollar rises 3-week high NEW YORK: Australian dollar rose to a nearly three-week high versus a broadly struggling greenback on Tuesday, boosted by increased expectations the Federal Reserves will announce further easing measures this week to boost the U.S economy. The Aussie dollar also traded past a key US$1.04 options barrier that had capped it the last few weeks. It traded as high as US$1.0442, its strongest level since Aug. 24, and was last at US$1.0440, up 1 percent. Copyright Reuters, ...
Euro drops first time in 4 days but Fed could limit downside  NEW YORK: The euro fell against the dollar for the first time in four days on Monday, a reversal that may prove to be transitory given high expectations that the US Federal Reserve this week will unveil new stimulus measures to bolster the economy. The euro remained close to an almost four-month high touched on Friday when disappointing US jobs data spurred speculation the Fed would launch a third round of quantitative easing, called QE3, at ...
Peru LIMA: Peru's central bank bought $40 million on the local spot market on Monday and the sol currency ended bidding stable at 2.608 per dollar. The central bank raised reserve requirements this month and has been intervening in the local spot market regularly as high foreign liquidity has helped the sol trade around some of its highest levels in more than 15 years. Copyright Reuters, 2012 ...
Canadian dollar rests near 12-month high  TORONTO: The Canadian dollar hovered at a one-year high versus the US dollar on Monday, buoyed by last week's strong domestic employment report and hopes of more policy easing in the United States.   Canada on Friday reported the economy added 34,300 jobs in August, topping all expectations of analysts surveyed by Reuters. Canada has recouped all the jobs lost in the recession, and employment stands 176,600 higher than in August 2011, with most of the increases ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln