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Sterling falls below $1.60 after Fed takes more confident tone LONDON: Sterling fell below $1.60 for the first time in two weeks on Thursday after the US Federal Reserve adopted a slightly less cautious tone on policy and data showed Britain's housing market losing some momentum.In a show of confidence in the US economy's prospects that sent the dollar higher, the Fed on Wednesday ended its $4 trillion bond-buying programme and dropped a reference to US labour market slack as "significant". The spread between two-year British government bond yields and their US equivalent narrowed to its lowest since January, also boosting the dollar at the expense of sterling. Having traded as high as $1.6161 on Wednesday, sterling fell 0.7 percent after the Fed released its statement and a further 0.2 percent on Thursday, to trade at $1.5975.Data released on Thursday showed British house price growth easing for a second month in a row in October, adding to evidence that the ...

Rouble strengthens sharply in volatile trade on Crimea report MOSCOW: Russia's rouble strengthened sharply against both dollar and euro early on Thursday afternoon, with traders citing a Ukrainian news agency report of an unofficial deal between Russia and Ukraine on the future status of Crimea. Reuters is checking the report. At 1055 GMT, the rouble was up around 2 percent from Wednesday's close against the dollar to trade at 42.33 after opening the session around 0.7 percent lower. It gained around 2.2 percent from ...
Dollar hits 3 1/2-week high on Fed's tougher tone, euro eyes inflation LONDON: The dollar rose to its highest in more than three weeks against a basket of currencies, buoyed by firmer US yields, as the Federal Reserve began to sound relatively hawkish on policy and more confident about the US economic recovery. US rate futures shifted to show better-than-even chances of a rate increase in September 2015; previously, they had pointed to a rise in October. The Fed has held rates near zero since December 2008 ...
Rouble slides as market bets central bank will let it float MOSCOW: The rouble hit a new low of more than 43 to the dollar on Thursday, as speculation grew that the Russian central bank will let the rouble float freely when it meets on Friday and as comments by the U.S. Federal Reserve lifted the dollar.By 0840 GMT, the rouble was 0.41 percent weaker against the dollar at 43.37 after earlier reaching 43.66 against the greenback. It was 0.13 percent stronger at 54.55 versus the ...
Rouble opens sharply lower, hits new low vs dollar MOSCOW: The rouble opened sharply weaker on Thursday, hitting a new all-time low of over 43 roubles per dollar, after comments by the U.S. Federal Reserve lifted the dollar and on speculation ahead of the Russian central bank's rate meeting on Friday.By 0725 GMT, the rouble had recovered slightly but was still 0.5 percent weaker against the dollar at 43.41. It was 0.06 percent weaker at 54.66 versus the euro .That left the currency 0.29 ...
Sterling subdued by steady stream of dovish BoE comments LONDON: Sterling retreated from the previous day's one-week high against the dollar on Wednesday after yet another Bank of England policymaker said interest rates would stay lower for longer.Sterling rose against the dollar on Tuesday after U.S. data showed capital goods orders dropped the most for eight months in September. But it failed to build on those gains and eased to $1.6120, having hit $1.6182 after the U.S. data.It was flat against the euro. The ...
Rouble slides to new lows; pressure builds on central bank MOSCOW: The rouble weakened further on Tuesday, hitting record lows for the fifth straight day against both the dollar and the euro and increasing pressure on the central bank to take decisive action at a rate meeting later in the week.At 1500 GMT, the rouble was 0.44 percent weaker against the dollar at 42.46 and lost 0.86 percent to trade at 54.13 versus the euro.That left the currency 0.63 percent weaker at 47.71 against the ...

 



 
IndexClosingChg%
ArrowDJIA 17,195.42 1.30
ArrowNasdaq 4,566.14 0.37
ArrowS&P 1,994.65 0.62
ArrowFTSE 6,463.55 0.15
ArrowDAX 9,114.84 0.35
ArrowCAC-40 4,141.24 0.74
ArrowNikkei 15,658.00 1.67
ArrowH.Seng 23,702.04 1.49
ArrowSensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln