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Dollar index rises to 6-week high LONDON: The dollar index rose to a six-week high on Tuesday, buoyed by its gains against the euro as speculators bet on a robust inflation reading in the United States to contrast with the very low price growth in the euro zone.Both headline and core consumer price index rates are seen steady at 2.1 percent and 2.0 percent respectively, with stronger data likely to push the euro below key support in the $1.3475/80 area, traders said.The euro fell to $1.3481, its lowest since early February, when it touched a low of $1.34756. A dip below that would take the single currency to its lowest since November of last year.The dollar index rose to 80.739, its highest since June 12, with the greenback also making steady gains against the Swiss franc Copyright Reuters, 2014 ...

Sterling near two-year high vs euro, caution on Scotland LONDON: Sterling edged towards a two-year high against the euro on Tuesday as hedge funds and speculators sold the single currency against the dollar and pound, betting euro zone monetary policy would stay loose.The risk of a surprise in September's referendum on independence for Scotland kept two-month sterling/dollar implied volatility close to Monday's five-week highs.While recent UK economic data has been mixed, June inflation was a higher-than-expected 1.9 percent, just shy of the Bank of ...
Britain opens criminal probe into foreign exchange rigging LONDON: Britain's fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange markets.The investigation into "fraudulent conduct" comes after EU, British, and US and other regulators have levied huge fines on some of the world's biggest banks and investment houses for manipulating financial markets worth trillions of dollars."The director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent ...
Euro recovers against dollar; yen supported as stocks slip LONDON: The euro climbed against the dollar on Monday as subdued U.S. yields capped the greenback, while the yen was supported by safe-haven inflows.Volumes, though were light due to a holiday in Japan. Germany's stock index dropped 1 percent in early European trade to a two-month low, helping the yen, which is often sought during times of financial market stress and uncertainty over growth.The euro eased 0.1 percent against the yen to 136.92 yen , ...
Sterling subdued by weak data; lags dollar on safety bids LONDON: Sterling edged down on Monday as traders continued to be cautious over events in Ukraine and Gaza and as data added to a sense that Britain's economic recovery might be coming off the boil.Numbers released on Monday showed British consumer confidence dipped for the first time in 2014 in June, with spending on gas and electricity around 2.5 percent lower than a year ago.Separate data showed asking prices for British houses had fallen for ...
Sterling slips on Ukraine worries, Carney interview talk LONDON: Sterling fell against the dollar on Friday as worries over an escalation of tensions between Russia and the West drove investors to cut long positions in the pound and seek out more liquid and safe-haven currencies.The pound's drop coincided with market speculation that Bank of England (BoE) Governor Mark Carney had given a dovish interview to a weekend newspaper. But the rumour was quashed by a BoE spokesman, causing the pound to regain a ...
Yen in vogue as sanctions on Russia sour risk sentiment LONDON: The yen hit a five-month high against the euro on Thursday on renewed safe-haven inflows as the West imposed further sanctions against Russia, which weighed on global risk sentiment.European stocks started in the red, while safe-haven German bunds were in demand as the United States placed sanctions on some of Russia's most prominent companies including its biggest oil group and largest independent natural gas producer.The dollar fell 0.2 percent against the yen to 101.45 ...


Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln