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Dollar hits new multi-year highs against emerging market units TOKYO: The dollar hit fresh multi-year highs against some emerging market currencies Friday as investors increasingly bet on a US rate hike this year, while the euro lost early gains driven by easing fears over the Greek debt crisis.In Tokyo, the greenback surged to a new 17-year high against the Indonesian currency at 13,465 rupiah from 13,416 rupiah on Thursday and a six-year high of 34.90 Thai baht from 34.85 baht. The greenback got a lift as initial claims for US unemployment insurance benefits fell to their lowest level in nearly 42 years last week, in another sign of tightening in the country's jobs market and reinforcing expectations for a rate hike before 2016."Dollar buying has been advancing on expectations of a Fed rate hike," Shinji Kureda, head of forex trading at Sumitomo Mitsui Banking, told Bloomberg News.In other trading, the US unit bought 123.93 yen, slightly up from 123.90 ...

Sri Lanka rupee ends steady on state bank dollar sales COLOMBO: The Sri Lankan rupee ended steady on Wednesday in dull trade as a state-owned bank maintained its dollar-selling rate at 133.70, dealers said. There was however downward pressure on the rupee due to demand for the greenback from importers, the dealers said.The spot rupee closed steady at 133.70/80 per dollar on Wednesday a day after the state-run bank cut the currency's peg against the dollar by 10 cents to allow the exchange rate to ...
Dollar rally stumbles ahead of Fed meeting TOKYO: The dollar's rally against the yen stumbled Wednesday before a Federal Reserve meeting next week which could give clues about the timing of a US interest rate rise.In Tokyo trading the dollar slipped to 123.65 yen in the afternoon from 123.86 yen in New York, but it was up from 124.43 yen in Tokyo earlier Tuesday. The 19-nation euro edged down to $1.0939 from $1.0942 and to 135.22 yen from 135.53 yen, as Greek ...
Sri Lanka rupee ends higher as state bank cuts dollar peg COLOMBO: The Sri Lankan rupee ended firmer on Tuesday as a state-run bank cut the currency's peg against the US dollar by 10 cents to allow the exchange rate to appreciate to 133.70, dealers said. There was however downward pressure on the rupee, which has been steady for the last five sessions, due to demand for the greenback from importers, dealers said.The spot rupee closed 10 cents higher at 133.70 on Tuesday. Since July 13, ...
Dollar picks up on interest rate hike speculation TOKYO: The dollar climbed Tuesday to a five-week high against the yen and held its euro gains on growing expectations the US Federal Reserve will raise interest rates this year. In Tokyo afternoon trading, the greenback was sitting at 124.43 yen, its strongest level since mid-June, compared with 124.30 yen in New York on Monday. The euro bought $1.0823 and 134.69 yen, against $1.0824 and 134.55 yen. Markets are keeping a close eye on the ...
Sri Lanka rupee ends steady for 5th session on state bank dollar sales COLOMBO: The Sri Lankan rupee ended steady for a fifth straight session on Monday as a state-run bank kept the selling rate at 133.80 to the dollar amid demand for the greenback from importers, dealers said.The spot currency closed unchanged at 133.80 on Monday, after it fell for the first time in seven sessions on July 13 following the state-owned bank's decision to raise the dollar-selling rate by 0.15 percent to 133.80."There is importer (dollar) ...
Dollar firm in Asia with focus on Fed rate hike timing SINGAPORE: The dollar firmed in Asia Monday with investors focusing on the timing of a US interest rate increase after debt-strapped Greece reached a bailout agreement with its creditors.The dollar rose to 124.17 Japanese yen in afternoon Singapore trade from 124.09 yen late Friday in New York.The euro weakened to $1.0827 from $1.0830 after the dollar pushed to a three-month high against the single currency on Friday.The euro was changing hands at 134.44 yen from ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln