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Dollar hits 3-1/2 week high on Fed's hawkish tilt, economic optimism TOKYO: The dollar stayed on the front foot on Thursday, setting a 3-1/2 week high against a basket of currencies after the Federal Reserve surprised markets with a more hawkish policy tone and signalled its confidence in the U.S. economic recovery.The Fed released a statement that underscored the improving U.S. labour market, dismissing recent financial market volatility, European growth challenges and largely weak inflation outlook.While the central bank said interest rates would remain low for a "considerable time," the Fed's statement helped to push up U.S. yields and increased the greenback's appeal."Although the Fed's statement was hawkish than markets had expected, Wall Street shares didn't fall much. It means that the market took the hawkish tone as the Fed's confidence in the U.S. economy." said Kengo Suzuki, chief forex strategist at Mizuho Securities.The yield on benchmark 10-year Treasury notes stood at 2.310 percent in Asian trade, after spiking to a ...

Dollar stands tall on Fed's show of economic confidence TOKYO: The dollar stayed on the front foot on Thursday, hovering near 3-1/2 week highs against a basket of currencies after the Federal Reserve surprised markets with a more hawkish policy tone and signaled its confidence in the U.S. economic recovery.The Fed released a statement that underscored the improving U.S. labour market, dismissing recent financial market volatility, European growth challenges and largely weak inflation outlook.While the central bank said interest rates would remain low for ...
India rupee falls to 2-week low on Fed's US econ outlook MUMBAI: The Indian rupee fell to a two-week low against the dollar on Thursday as the greenback posted gains after the U.S. Federal Reserve statement at the conclusion of its meeting was seen as showcasing more confidence about the U.S. economy prospects.The local currency was trading at 61.43/44 to the dollar after falling as low as 61.55, a level last seen on Oct. 17. The rupee had closed at 61.35/36 on Wednesday.The rupee is likely ...
China's yuan eases as dollar gains globally on Fed's hawkish tone  SHANGHAI: China's yuan fell against the dollar on Thursday after rising in the previous four trading sessions, tracking a weaker midpoint fixing by the central bank as the greenback strengthened in international markets.The People's Bank of China (PBOC) fixed the midpoint rate at 6.1457 per dollar, down 0.08 percent from the previous fix, as the dollar index surged after the Wednesday's Federal Reserve meeting.The dollar stayed on the front foot on Thursday, hovering near 3-1/2 ...
Won leads Asia FX losses as Fed seen hawkish SINGAPORE: Most emerging Asian currencies slid on Thursday as the Federal Reserve struck a more hawkish tone than expected at its policy meeting this week, signalling confidence in the US economy after ending its bond-buying programme.South Korea's won led losses among emerging Asian currencies on selling from offshore funds. The Indonesian rupiah fell with importers buying dollars for payments.The Malaysian ringgit hit a seven-month low as government bond prices slid.The greenback rose to the highest ...
Dollar up in Asia on Fed's bullish tone TOKYO: The dollar rose in Asia on Thursday as a slightly bullish turn by the US Federal Reserve fuelled hopes for an early rise in US interest rates.The greenback hit a three-week high of 109.04 yen in afternoon trade, up from 108.90 yen in New York and 108.12 yen in Tokyo earlier Wednesday.The euro bought $1.2624, compared with $1.2634 in US trade and well down from Wednesday's $1.2737 in Asia. The single currency was at ...
Indian rupee ends a tad weaker ahead of Fed meet outcome MUMBAI: The Indian rupee ended slightly weaker on Wednesday as caution prevailed ahead of the outcome of the U.S. Federal Reserve's policy meeting later in the day, although broader sentiment remained positive following continued foreign inflows.The rupee moved in a tight range for much of the session. The Fed is expected to announce the end of its bond-buying programme but also signal caution about the timing of any hikes in U.S. interest rates.Some analysts said ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln