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Dollar weakens in tentative trade ahead of Fed decision TOKYO: The dollar was broadly weaker in cautious Tokyo trade Wednesday, ahead of a US interest rate decision this week that could see the first hike in almost a decade.The greenback fell to 120.18 yen from 120.40 yen Tuesday in New York, and the euro rose to $1.1295 from $1.1272, while battered emerging market currencies also gained.The single currency also gained to 135.74 yen from 135.71 yen.Economists are split over whether the US central bank, at the end of a two-day meeting Thursday, will raise rates for the first time since 2006.Financial markets are pricing the likelihood of a hike at around 32 percent, Bloomberg News said, a sharp drop from before Beijing devalued the yuan in August when the majority of dealers expected a September move.While the Fed has signalled it will raise rates this year, the odds on a rise this month have dropped as concerns have mounted ...

Sri Lankan rupee at record low on importer dollar demand COLOMBO: The Sri Lankan rupee weakened 0.3 percent on Tuesday, hitting a record low for a third session in a row due to importer dollar demand, although some exporter conversions of dollars capped the fall, dealers said. The spot rupee ended at 140.25/35 per dollar, compared with Monday's close of 139.85/95. It fell 0.5 percent to hit an all-time low of 140.00 per dollar in early trade on Monday before regaining some of the losses ...
Sri Lankan rupee hits record low on importer dollar demand COLOMBO: The Sri Lankan rupee touched an all-time low of 140.00 per dollar on Monday due to importer dollar demand, although it later regained some of the losses after a state bank sold dollars to arrest the fall, dealers said. The spot rupee fell 0.5 percent to 140.00 per dollar earlier in the day, from Friday's close of 139.30/50. The previous record low of 139.30 was hit on Friday. However, the state bank sold some ...
Dollar broadly weaker in Asian trade TOKYO: The dollar broadly weakened against its Asian peers on Monday, fuelled by persistent worries over China's economy ahead of a crucial US interest rate decision later this week.Nervous traders moved into safer assets, pushing up the Japanese currency to 120.30 yen against the dollar, compared with 120.57 yen Friday in New York.The yen is considered a safe bet in times of turmoil.The euro was at 136.55 yen compared with 136.64 yen, and rose to ...
Sri Lankan rupee hits record low on importer dollar demand COLOMBO: The Sri Lankan rupee fell 0.25 percent on Friday, hitting a record low as late importer dollar demand outpaced greenback conversions from exporters, dealers said. The rupee is expected to fall further in the short term if the central bank fails to tighten interest rates or the country does not see strong inflows soon, some dealers said. The spot rupee ended at 139.30/50 per dollar surpassing its pervious all-time low of 139.00 hit on ...
South Korea won rises, tracking Chinese yuan; shares lose ground SEOUL: The South Korean won joined most its regional peers in strengthening against the dollar on Friday, led by the Chinese yuan.Market reaction was largely muted following the Bank of Korea's decision to hold interest rates steady and remarks from its governor.The won closed local trade up 0.8 percent to 1,184.5 per dollar. The won also climbed 0.8 percent for the week.On the stock market, Seoul shares ended down 1.1 percent to 1,941.37 points on ...
Dollar broadly lower as traders move to riskier currencies TOKYO: A broadly upbeat mood across Asian markets helped boost higher-risk currencies Friday, although analysts said traders were on edge ahead of a possible US interest rate hike next week.The upbeat mood comes at the end of a week of high global volatility caused by the Chinese economic crisis and uncertainty about the Federal Reserve's rate plans.The yen, considered a safe bet in times of turmoil, retreated, with speculation growing that the Bank of Japan ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln