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Turkish lira shrugs off data showing widening trade deficit ISTANBUL: Turkey's lira held steady on Tuesday despite data showing the trade deficit - the main weakness of its economy - widened more than expected last month.The deficit increases Turkey's vulnerability to shifts in global liquidity. Tuesday's data showed it widened last month to $8.04 billion from $7.08 billion a year earlier, above a Reuters forecast of $6.75 billion."There were a few one-off numbers that made this (deficit) number a bit less reliable than normal - for example the calendar effects for the timing of a national holiday. The central bank told economists on Friday they expected weak exports in August but that they would pick up in September," said Manik Narain, head of EMEA strategy at UBS."At this stage it is a little bit difficult to read from."The lira was at 2.2765 against the dollar at 0907 GMT, little changed from 2.2750 early in the morning. It remained firmer ...

Sterling buffeted by data, political worries weigh LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...
Dollar heads for best quarter in 6 years, hits 4-year high LONDON: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.The Norwegian crown was another big mover, up almost 1 percent to a three-week high of 8.1045 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in October.The ...
Dollar heads for best quarter in 6 years LONDON: The dollar was poised to finish the month with its biggest quarterly gain in six years, though it paused for breath on Tuesday and some analysts saw its recent rally running out of steam. The greenback has gained over 7 percent against a basket of major currencies over the past three months and posted a record-breaking 11 weeks of successive gains on expectations that the US Federal Reserve will raise interest rates well ahead ...
Currencies rebound as euro regains some ground BUDAPEST: Central European currencies tracked the euro's rebound against the dollar on Monday after an early weakening on expectations that rising US interest rates will erode the appeal of emerging market debt.US economic output data on Friday stirred speculation that the Federal Reserve could start to raise interest rates sooner than expected.By contrast, interest rates are expected to stay at record low levels in Central Europe, and also in the euro zone, as central banks ...
Sterling set for first daily fall vs euro in two weeks LONDON: Sterling was set for its first daily fall against the euro in two weeks on Monday, after data showed German inflation steadying in September and price rises slightly picking up speed in two German regions. Flash numbers for the euro zone as a whole due on Tuesday are expected to show inflation slowing to 0.3 percent this month, from 0.4 percent in August - well inside the European Central Bank's "danger zone" of below ...
Rouble continues slide, nears central bank support level MOSCOW: The rouble hit record lows against both the dollar and the dollar-euro basket on Monday, extending its recent slide amid strong demand for foreign currency and falling prices for oil, a major Russian export.The rouble is down some 20 percent against the dollar this year, bruised by capital flight after sanctions imposed over the Ukraine conflict and large foreign debt payments by Russian companies shut out of overseas capital markets.The Russian currency's decline has ...

 



 
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