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Euro pushes higher on ECB hopes, Aussie eyes RBA  SINGAPORE/SYDNEY: The euro rose against the dollar on Tuesday, nearing a two-month high hit last week, supported by hopes the European Central Bank will soon unveil details of a plan to tackle the region's debt crisis. The single currency rose 0.2 percent to $1.2615, hovering close to a high of $1.26378 seen last Friday on trading platform EBS, its strongest level since early July. Traders said the paring back of bearish bets against the euro probably helped bolster the single currency, and there was also talk of euro buying by Asian players as well as euro buying against the yen by Japanese players. Helping support the euro were expectations that the ECB will announce, after its policy meeting on Thursday, details of a long awaited debt-buying scheme to help ease funding pressures for stressed states. Those hopes were given a boost on Monday after ECB President Mario Draghi was reported as saying purchases of ...

Australian dollar falls to near 6-week low vs US dollar  LONDON: The Australian dollar fell to its lowest level in almost six weeks against the US dollar on Monday on signs of economic weakness in China and weak Australian data.   The Australian dollar fell to US$1.0235, its lowest level since July 25 after reported bids at $1.0240 were filled.   Copyright Reuters, 2012 ...
A$ skids to 6-week lows on soft data, China worries  WELLINGTON/SYDNEY: The Australian dollars fell to six-week lows on Monday after a weak reading of retail sales added to worries about a slowing Chinese economy and raised the risk of more rate cuts. Aussie slips 0.7 pct on the day to $1.0250, from $1.0290 in early local trade, having dipped as low as $1.0239, its weakest since late July after a raft of disappointing data at home. Interbank futures edged up as the market priced in a ...
SYDNEY: The euro and commodity currencies started the new week on the defensive, with the Australian dollar slipping to a fresh five-week low as the market reacted in dismay to more signs of weakness in the Chinese economy.   But hopes the US Federal Reserve and the European Central Bank would soon add more stimulus to revive their respective economies helped limit losses in high-beta currencies like the Aussie dollar.   The Aussie slid to an early low of ...
A$ & NZ$ continue slow descent on euro  WELLINGTON/SYDNEY: The Australian and New Zealand dollars hovered near two-month lows against the euro, which stayed firm on Wednesday as investors clung to hopes that policymakers will finally take concrete steps to tackle Europe's debt crisis. The euro rises as high as NZ$1.5628, highest since July 5, having jumped 1 pct overnight. Likewise, it reaches A$1.2123 against the Aussie, with charts pointing to A$1.2140 as the next big target. The euro benefits from a wave of short ...
A$ & NZ$ in retreat, AUD bonds at 3-week highs  WELLINGTON/SYDNEY: The Australian and New Zealand dollars ground to multi-week lows on Tuesday, weighed by persistent global growth concerns with investors waiting for concrete action from policymakers in the United States and Europe.  The Aussie dollar plumbed one-month lows against both the US dollar and yen, undermined by Japanese sales. It dipped to $1.0345, its weakest since late July, to last fetch $1.0360.  "The AUD has been trading heavily with an overhang of long speculative positioning," said ...
A$ & NZ$ dollars struggle, bonds rise  SYDNEY/WELLINGTON: The Australian and New Zealand dollars traded with a heavy tone on Monday and looked vulnerable amid persistent concerns about the health of China's economy. The market, though, was generally subdued as investors waited for concrete monetary policy action in Europe and the United States. The Aussie dollar skidded to one-month lows at$1.0372, having broken through major support around $1.0420 following a sell order from a UK account, according to a trader. It last fetched $1.0385, with ...

 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






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