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Dollar prevails as euro, sterling hit rocky road SYDNEY: The dollar hovered at three week highs against a basket of major currencies early on Friday as the hapless euro extended its decline and disappointing trade data knocked sterling lower. The euro fell as far as $1.0637, reaching a low last seen on March 19. It last stood at $1.0665, down more than 3 percent from Monday's peak of $1.1036."It's hard to avoid the conclusion that carry trades are playing a part. Note that German bond yields out to 8 years are now in negative territory, the euro is very much a funding currency," said David de Garis, senior economist at NAB. Sterling wallowed just above a three-week trough of $1.4684 , having slid more than 1 percent after data showed Britain's trade deficit widened more than expected. The figures suggested the strong pace of economic recovery could cool slightly, weighing on a market already fretting about the outcome ...

Australia & NZ dollars on the defensive, weak commodities drag SYDNEY/WELLINGTON: The Australian dollar lurched towards a six-year trough on Thursday, continuing to falter as sliding iron ore prices bolstered expectations for a cut in interest rates next week.The Aussie reached a session low of $0.7575, edging ever closer to the trough of $0.7561 set in March. It last stood at $0.7595, down 0.1 percent on the day.Debt markets imply a 77 percent chance of a quarter point easing on April 7, when the Reserve ...
Aussie dollar hits 10-day low on lower iron ore prices, rate cut bets LONDON: The Australian dollar fell over a percent to a ten-day low against its U.S. counterpart on Monday, hit by persistent weakness in iron ore prices and speculation of an April cut in Australian interest rates.Chinese iron ore futures fell for the fourth consecutive session on tepid demand in the world's top consumer and growing supplies by global miners put the raw material in check. Iron ore is Australia's top export earner.The Aussie dollar was ...
Australia dollar stuck in the doldrums, NZD also soft SYDNEY/WELLINGTON: The Australian dollar slipped to fresh one-week lows on Monday, falling for a fifth session in a move that is likely to fuel its retreat from a two-month peak.Not helping the Aussie was persistent weakness in iron ore prices, which plumbed fresh lows on Friday amid worries about a supply glut. Iron ore is Australia's top export earner.The Aussie last stood at $0.7716, down from $0.7745 late in New York on Friday. It fell ...
Australia and NZ dollars stay subdued, Fed in focus SYDNEY/WELLINGTON: The Australian dollar eased on Friday, continuing to pull back from a two-month peak set earlier in the week as investors reassessed their positions ahead of a speech by Federal Reserve Chair Janet Yellen.The Australian dollar last traded at $0.7795, down 0.4 percent on the day.It has fallen more than 1 percent since hitting $0.7939 on Tuesday, hurt in part by a fresh decline in iron ore prices. On the week, it is still ...
Dollar starts week on the defensive as post-Fed caution lingers SYDNEY: The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. The dollar index eased 0.2 percent to 97.696 early on Monday, staying well clear of a 12-year peak of 100.390 set on March 13. The index was nearing the post-Fed meeting trough of 96.628 hit last week when investors moved to price ...
Australia and NZ dollars idled by Fed, euro extends bounce SYDNEY/WELLINGTON: The Australian and New Zealand dollars were little changed on Wednesday as investors awaited the outcome of the Federal Reserve's two-day policy review. The Australian dollar was stuck at $0.7620, having been trading in a narrow band of $0.7606 to $0.7680 since Monday. It remained uncomfortably close to a six-year low of $0.7561 set last week.The euro recovered more ground against the Antipodean currencies following recent steep losses. It has now gained two full ...

 



 
Index Closing Chg%
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Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln