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Dollar bulls hear hawkish hint from Yellen, inflation lifts sterling SYDNEY: The dollar clung to modest gains early on Wednesday after bulls latched onto a comment by the head of the Federal Reserve that rates could rise sooner if employment continued to improve, while strong inflation sent sterling to a six-year high. The dollar index last traded at 80.388, near the close in New York where it climbed 0.3 percent. The greenback was at one-week highs on the yen at 101.67, while the euro wallowed at a near one-month low of $1.3562. Speaking to a Senate committee on Tuesday, Federal Reserve Chair Janet Yellen defended the current loose policy setting, saying the economic recovery was not yet complete. Yellen said early signs of a pickup in inflation weren't enough for the Fed to accelerate its plans for raising interest rates, but conceded that this might change if the labour markets improved more quickly than expected. "The testimony does not change ...

Australian, NZ dollars on a tight leash ahead of data WELLINGTON/SYDNEY: The Australian and New Zealand dollars were mostly steady on Tuesday with the kiwi hunkering down near a post-float peak in the lead up to local inflation data. Caution ahead of Federal Reserve Chair Janet Yellen's testimony due later in the day and a batch of data on Wednesday from China, the top export market for Australia and New Zealand, kept both Antipodean currencies hemmed in. The Aussie was little changed at $0.9394, having ...
Australian, NZ dollars seek fresh cues in event-filled week WELLINGTON/SYDNEY: The Australian and New Zealand dollars marked time on Monday, mirroring a generally aimless currency market that appeared to be waiting for fresh cues this week from China data and Federal Reserve Chair Janet Yellen's congressional testimony. The Aussie traded at $0.9399, having drifted in a slim $0.9370/9401 range so far this session. Since April, the Aussie has basically been flatlining near 94 US cents. Investors are nervous about pushing it much higher, but ...
Dollar stable as market fears about Portugal ebb NEW YORK: The US dollar was stable against the yen and the euro on Friday as Portugal's largest bank sought to reassure investors about its financial stability. Banco Espirito Santo said on Thursday night that loan losses to the troubled empire of its founding family would not put the bank at risk of running short of capital.That eased some concerns. The dollar weakened to nearly two-month lows against the yen on Thursday as investors worried ...
Australian dollar slowly on the mend, kiwi steady WELLINGTON/SYDNEY: The Australian dollar continued to recover in baby steps from last week's drubbing, while the New Zealand dollar remained buoyant but hesitated ahead of a three-year peak. The Aussie was a touch firmer on Tuesday at $0.9385, having earlier flirted with resistance at $0.9395, a level representing the 38.2 percent retracement of last week's drop from $0.9505 to $0.9327. It was also slightly higher against the euro and yen. Last week Reserve Bank of ...
Aussie dollar cautious ahead of RBA meeting, kiwi off peak WELLINGTON/SYDNEY: The Australian and New Zealand dollars eased on Monday, with the kiwi retreating from a near three-year peak while caution ahead of an interest rate decision this week kept the Aussie pinned down. The Aussie dipped 0.1 percent to $0.9416, having traded in a slim 0.9409-9425 range so far. It remained capped at $0.9445, a two-month high set on June 23 and its 2014 peak of $0.9461. The kiwi slipped 0.4 percent to $0.8747, ...
Pound sags after less hawkish BoE, G3 currencies adrift SYDNEY: The British pound nursed losses on Wednesday after comments from the Bank of England governor cooled expectations for an interest rate hike this year, while its G3 counterparts drifted in well-worn ranges. Surprisingly less hawkish comments from BoE Governor Mark Carney saw the pound dip to a near one-week low of $1.6966, pulling away from a 5-1/2 year peak of $1.7064 set last Wednesday. Carney said Britain's economy still has plenty of slack to ...

 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln