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Sterling trade-weighted index at highest since late 2008 LONDON: Sterling trade-weighted index was at its highest level since late 2008 on Thursday, buoyed by the pound's gains against the dollar and the euro after strong UK data bolstered expectations of an interest rate hike early next year. The pound hit its highest level since late 2009 in Asian trade of $1.6838 and was last trading at $1.6830, up 0.2 percent on the day. Sterling was also helped by a weak dollar. The euro was slightly down against sterling, trading at 82.24 pence, having hit a one-month low 82.2155 pence earlier in the day. The pound's broad gains pushed sterling trade-weighted index to a 5-1/2 year high of 86.5, data from the Bank of England showed.Copyright Reuters, 2014 ...

Turkish lira recovers with improving global sentiment ISTANBUL: Turkey's lira recovered slightly on Wednesday after better than expected economic data in China improved global sentiment, while the Turkish central bank lowered the amount of cheap liquidity at repo auctions.By 1441 GMT the lira firmed to 2.1338 to the dollar from 2.1412 late on Tuesday. Volumes were low ahead of the Easter holidays.The 10-year benchmark yield closed down at 10.08 percent from 10.22 percent at Tuesday's close.The Istanbul stock market was almost flat, ...
Buoyant UK jobs and wage data burnish sterling's appeal LONDON: Sterling rose to its highest level in more than a month against the euro on Wednesday, after British data showed the jobless rate falling to a five-year low and wage growth picking up to match inflation for the first time in nearly four years.The better-than-expected data bolstered expectations the Bank of England may have to raise interest rates in the first quarter of next year.That is in sharp contrast to expectations of more easing ...
Sterling slips after enjoying a good week on robust UK prospects LONDON: Sterling's rise against the dollar stalled on Friday after sharp gains this week, as investors paused for breath before taking fresh positions ahead of key UK data on jobs and inflation reports due next week. The pound slipped against the euro after data showed UK construction output contracted in February, but the drop was mainly because of bad weather. Most economists still forecast the economic rebound will gather momentum, and that is likely to ...
Yen ends strong week with dip, euro grinds higher LONDON: The yen fell back a third of a percent against the dollar on Friday but remained on track for its best week since the start of March as a slump in confidence in US stock markets sent investors scurrying for traditional safe havens. The Australian dollar, one of the commodity-linked currencies often seen as a proxy for optimism over the global economy, fell almost half a percent overnight as the Nasdaq US tech stocks ...
Sterling slips, but heads for best week vs dollar since mid-February LONDON: Sterling's rise against the dollar stalled on Friday after sharp gains this week, as investors paused for breath before taking fresh positions ahead of UK data on jobs and inflation reports due next week. The pound slipped against the euro after data showed UK construction output contracted in February, but the drop was mainly because of bad weather. Most economists still forecast the economic rebound will gather momentum, and that is likely to keep ...
No respite for dollar after rough week LONDON: The dollar handed back some minimal gains against the yen on Friday to end a week that has quashed any hint it could be ready to deliver the strength many banks had predicted for this year. The US currency has lost 2.5 percent against the yen since last Friday, weighed down by guidance from Federal Reserve officials that the US central bank is nowhere near as close to raising base interest rates as markets ...

 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln