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C$ hits 2-1/2 month high, but US$ parity seen iffy TORONTO: The Canadian dollar strengthened against its US counterpart for a fourth straight session on Wednesday, testing but failing to push past equal value with the greenback ahead of Friday's domestic employment report.The currency received a boost as prices for most commodities rose on strong Chinese trade data and on signs that Germany may escape a sharp slowdown."You can't help but be impressed by the strength in the Canadian dollar," said Adam Button, a currency analyst at ForexLive in Montreal.The currency has gained some 2-1/2 cents on the US dollar since late April. It closed the North American session on Wednesday at C$1.0033, or 99.67 US cents, compared with C$1.0044, or 99.56 US cents, on Tuesday.The currency at one point hit C$1.0017 to the greenback, its strongest level since Feb. 15.But the rise of the loonie, as Canada's currency is colloquially known, could yet falter, strategists say.The gain has been ...

Australia dlr stung by risk of more rate cuts, eyes China data SYDNEY/WELLINGTON: The Australian dollar struggled near a two-month low against the US dollar on Wednesday as investors speculated that more interest rate cuts were in the cards after the Reserve Bank of Australia cut its official rate to a record low on Tuesday.Aussie trades at $1.0185, having fallen more than 0.5 percent to $1.0155 offshore, its weakest since early March. Bids suspected around $1.0150, where option barriers lie, are seen offering some near-term support.The New ...
C$ hits strongest level since February in central bank rally TORONTO: The Canadian dollar closed at its strongest level versus its US counterpart since mid-February on Tuesday, rising with stock markets around the world in a risk rally fueled by signals that top central banks will keep supporting economic growth.The Canadian currency also gained sharply against its commodity-backed cousin in Australia after that country's central bank cut interest rates.Mark Chandler, head of Canadian fixed income and currency strategy at Royal Bank of Canada, said the ...
Australia dollar skids as RBA cuts rates, bond yields tumble WELLINGTON/SYDNEY: The Australian dollar skidded to two-month lows on Tuesday after the Reserve Bank of Australia (RBA) cut interest rates to record lows and left the door open to yet more easing, sending bonds rallying sharply.The Aussie dropped over half a cent to as deep as $1.0178, its lowest since early March, piercing a triple bottom around $1.0220. It last fetched $1.0192, showing a loss of 0.7 percent on the day.Interbank futures rallied hard as ...
C$ firms slightly on positive market sentiment TORONTO: The Canadian dollar was marginally stronger against its US counterpart on Monday, tracking positive market sentiment following Friday's surprising US monthly jobs report.The benchmark S&P 500 index edged up to another record closing high on Wall Street, extending Friday's rally after US employment rose more than expected last month.The loonie strengthened after the release of Canadian building permits data, which surged past expectations in March, though the closely-watched residential, single family component was more ...
Australia dlr loses ground to greenback, RBA looms WELLINGTON/SYDNEY: The Australian dollars was under pressure on Tuesday as the market remained deeply divided on the chance of a cut in interest rates from the Reserve Bank of Australia (RBA) later in the session.The Aussie eased to $1.0252, from $1.0284 late locally on Monday. It again tested major support around $1.0222 overnight but bids held for the moment.Aussie seen vulnerable ahead of the RBA's rate decision at 0430 GMT. A rate cut not expected ...
Aussie dollar slips on disappointing retail sales data SYDNEY: The Australian dollar slipped a quarter of a US cent on Monday following a surprise fall in retail sales in March, encouraging markets to narrow the odds of further easing by the Reserve Bank of Australia later this week.The Aussie fell to a session low of $1.0270 and was last trading at $1.0285.Copyright PPI (Pakistan Press International), 2012 ...


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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln