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Polish zloty hits 15-month low against the dollar WARSAW: Poland's zloty currency fell to its lowest in 15 months against the dollar on Thursday, with weak Polish retail sales data supporting the case for further rate cuts in central and eastern Europe's largest economy.Regional currencies were stable against the euro, which was supported by data showing euro zone business growth has picked up unexpectedly this month.The diverging expectations for monetary policy in the United States, which is expected to tighten somewhere in 2015, and further monetary easing in Poland and the euro zone have led to sharp gains for the dollar against the zloty and its regional peers.The Polish currency has lost more than 9 percent against the greenback since the start of July, with expectations of further Polish interest rate cuts weighing on the zloty's outlook.Hungary's forint lost about 7 percent over this period, the Czech crown 9 percent and the Romanian leu about 8 percent.The zloty ...

Sterling falls after UK retail sales disappoint LONDON: Sterling fell by around a third of a percent on Thursday after British retail sales dropped more than expected in September, another sign that one of the developed world's brighter economic recoveries is slowing. The impact was eased by subdued expectations for the data and by the prospect of a more upbeat first estimate of third-quarter economic growth on Friday. But the 0.3 percent decline on the month, largely ascribed to better weather that ...
Rouble at new low after oil slips, fragile China weighs on stocks LONDON: More problems related to the drop in oil prices pushed Russia's rouble to a record low on Thursday, as mixed data from China and gains by the dollar squeezed emerging market stocks and currencies from both sides. MSCI's main emerging market index was on course to break a four-day run of gains. A 1 percent decline in Chinese shares and a 1.6 percent drop by Russian stocks set the day's course. Moscow's troubles were ...
Brighter euro zone PMI surveys help euro recover from lows LONDON: The euro recovered from a two-week low against the dollar on Thursday after data showing an unexpected pick-up in euro zone business growth, though gains could be fleeting amid continued expectations of more monetary easing. Concerns over the health of the European banking sector have also weighed on the euro, and those worries deepened after Spanish newswire Efe said on Wednesday at least 11 lenders had failed stress tests run by the European Central ...
Turkish lira gains before central bank meeting ISTANBUL: Turkey's lira strengthened on Thursday before the central bank's monthly rate-setting meeting, after which the bank's language will be closely examined.All 15 economists polled by Reuters expect the Turkish central bank to leave its main one-week repo rate at 8.25 percent when it meets on Thursday. Only one predicted a 25-basis-point cut in the overnight lending rate.A signal from the central bank over possible rate cuts could hurt the lira, bankers said."If we see ...
Rouble pressure eases as tax period prompts buying MOSCOW: Pressure on the rouble eased slightly on Tuesday as Russian firms sold foreign currency to pay taxes falling due in roubles, but stock market sentiment was soured by the death of French oil major Total's chief executive in a plane crash in Moscow.At 0915 GMT the Russian currency was 0.17 percent stronger against the dollar at 40.96 and gained 0.17 percent to trade at 52.50 versus the euro.That left the currency 0.17 percent stronger ...
Sterling steady as traders wait for BoE minutes, data LONDON: Sterling stayed steady on Tuesday as traders looked beyond worse-than-expected public borrowing numbers to Bank of England minutes, due during the following session, keeping their focus on when interest rates might rise.Trading volumes were well below the past month's average.Third-quarter gross domestic product numbers on Friday could provide some support for the currency, traders said, as doubts grow about the solidity of Britain's economic recovery in the face of a worsening outlook in Europe.Last ...

 



 
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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
WeeklyOctober 20, 2014
Reserves $13.436 bln