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Dollar under pressure after shake out of crowded bullish positions SYDNEY/TOKYO: The dollar nursed hefty losses on Wednesday following a brutal shakeout of bullish positions as investors found incentives to take profits as the year-end loomed. Spooking markets, political uncertainty in Greece appeared to have reignited worries about Europe, prompting a slide in equities and flight to safety into US Treasuries.That drove yields lower, which in turn knocked the dollar index off a near six-year perch. The greenback slid to 118.780 against the yen, a safe-haven destination in its own right, having dropped more than 2 percent at one stage to 117.90 in a vicious turnaround from a seven-year peak of 121.86 set on Monday.The euro rallied as far as $1.2448 from a two-year trough of $1.2247, but has since been cooling its heels at $1.2392. "Anyone who bought USDs at the start of this week after Friday's NFP and ECB QE jaw-boning has been hosed," said Gavin Friend, senior ...

Australia & NZ dollars slip to multi-year lows, bonds in demand SYDNEY/WELLINGTON: The Australian and New Zealand dollars dropped to multi-year lows on Tuesday as another slide in oil prices and global growth concerns fuelled a flight to safety. The Australian dollar shed half a US cent to its weakest in more than four years at $0.8247, having made fresh lows in the last five sessions.It was last at $0.8251, just ahead of the next chart target at $0.8200. Michael Turner, a strategist at RBC Capital ...
Sterling, Aussie, kiwi hit new lows against stronger dollar LONDON: Sterling and the New Zealand and Australian dollars were the main losers among major currencies in early European trade on Monday, extending losses as the dollar continued to draw support from strong US jobs data on Friday.Both the Aussie and the Kiwi were hurt by trade numbers from China showing a sharp drop in imports with another 1 percent slide from oil also feeding sales of currencies traditionally dependent on commodity prices.Sterling hit a ...
Australia & NZ dollars stung by China data, strong US jobs SYDNEY/WELLINGTON: The Australian and New Zealand dollars were nursing hefty losses on Monday as weak Chinese trade numbers only added to the selling pressure unleashed by a surprisingly robust US employment report. The Australian dollar was pinned at $0.8298, having sunk nearly 1 percent on Friday to its lowest in more than four years. It dropped as far as $0.8288 with support found at the June 2010 low of $0.8269. The New Zealand dollar skidded ...
Aussie dollar sinks to 4 year lows after weak GDP, brings rate cut into view SYDNEY/WELLINGTON: The Australian dollar tumbled to four-year lows on Wednesday after a surprisingly soft reading on economic growth prompted markets to raise the chance of an interest rate cut next year.The Australian dollar slumped two-thirds of a cent to $0.8392, its weakest since mid-2010. It was last at $0.8403, having shed more than 3 percent in a month. Charts were bearish with 5-, 10 and 20-day moving averages pointing south. Support was found at $0.8315. ...
Australia & NZ dollars skid on oil slide, bonds in demand SYDNEY/WELLINGTON: The Australian and New Zealand dollars were heading for a second week of losses on Friday, weighed by a drop in oil prices, while bonds were in demand as a muted outlook for inflation globally pushed yields to 18-month lows. The Australian dollar slipped to $0.8507, from $0.8552 in early trade, pulling closer to a four-year trough of $0.8480 touched Wednesday. It has shed one cent and a half this week, putting it on ...
Australia dollar rebounds on upbeat capex, NZD steady SYDNEY/WELLINGTON: The Australian dollar bounced off four-year lows on Thursday after an upbeat report on business spending, while the New Zealand dollar held steady. The Aussie edged up to $0.8564, from $0.8532, in a relief rally after Australian business investment rose by 0.2 percent last quarter to confound forecasts for a fall. Importantly, spending on equipment jumped 4.4 percent for the biggest rise in three years and a healthy contribution to economic growth. The data ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln