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Euro slides to 9-year low, Asia shares subdued TOKYO: The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while Asian shares were subdued as soft manufacturing surveys soured the mood. The euro fell to as low as $1.18605, its weakest level since March 2006, having fallen below an important support at $1.20. The common currency last traded at $1.1955, down 0.4 percent from late US trade on Friday.In an interview with German financial daily Handelsblatt, ECB President Mario Draghi said the risk of the central bank not fulfilling its mandate of preserving price stability was higher now than half a year ago. "The market took his comments to mean that he is ready to adopt quantitative easing," said Shin Kadota, chief forex strategist at Barclays in Tokyo. Economists forecast that Wednesday's euro zone inflation data will show prices fell 0.1 percent in December for ...

China's yuan slips on weaker midpoint, dollar strength HONG KONG: China's yuan edged down against the dollar on Monday after the central bank set the weakest official midpoint in nearly a month to reflect strength in the global dollar index.The People's Bank of China (PBOC) fixed the midpoint at 6.1248 per dollar, down 0.09 percent from the previous trading day on Dec. 31. It was the weakest level since Dec. 8.Spot yuan changed hands at 6.2204 near midday, down 0.26 percent from last ...
Euro falls to nine-year low on ECB stimulus speculation TOKYO: The euro fell to a near nine-year low against the dollar in Asia Monday after the head of the European Central Bank hinted that it will unleash fresh easing measures to counter weakness in the eurozone.The single currency's losses added to a sell-off on Friday that came in response to the publication of Mario Draghi's interview with German business daily Handelsblatt.The unit plunged to $1.1865 at one point Monday, the lowest since March 2006, ...
Sri Lanka rupee forwards ease on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Friday as importer dollar demand surpassed inward remittances, while exporters stayed away hoping for further weakening of the currency, dealers said. Four-day forwards, which were actively traded, ended at 132.25/30 per dollar compared with Thursday's close of 132.20/30, dealers said. "There were inward remittances, but importer demand was also seen. There is pressure to depreciate," a dealer said. Rupee forwards were maintained around 132.00 in December as ...
Euro dips against dollar on ECB stimulus expectations SINGAPORE: The euro edged lower against the US dollar in Asia on Friday amid mounting speculation the European Central Bank will start buying sovereign bonds, analysts said. The euro bought $1.2060 in late-morning Singapore trade -- near two-year lows -- from $1.2097 in New York on Wednesday before the New Year break. The single currency meanwhile stood at 145.10 yen, up from 144.87 yen. The dollar was at 120.35 yen compared to 119.76 yen in ...
Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Thursday due to mild importer dollar demand and exporters stayed away hoping for further weakening of currency but the central bank capped the fall.Four-day forwards, which were actively traded, ended at 132.20/30 per dollar compared with Wednesday's close of 132.10/20. The central bank capped four-day forwards at 132.20 through "moral suasion", dealers said, referring to intervention to prevent volatility."The trade was mild, but the pressure is there ...
Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended slightly weaker on Wednesday due to mild importer dollar demand.The spot currency was maintained between 130.00 and 131.75 rupees throughout the year, with the central bank defending the currency at both ends to ensure a stable exchange rate. It fell 0.3 percent for the year, Thomson Reuters data showed.Four-day forwards, which were actively traded on Wednesday, closed at 132.10/20 per dollar, a tad weaker from Tuesday's 132.05/15."There is importer ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln