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Dollar pauses for breath after strongest week since March LONDON: The US dollar hovered near six-month highs against a basket of major currencies on Monday, with data and policy releases this week set to determine whether its strongest week since March last week prefaces a broader move higher.The euro had stabilised a touch in an Asian session weakened by a holiday in Singapore. But it was still trading just above its weakest in eight months. Another half cent fall would take it to its lowest since September of last year.Two strong weeks running for the dollar have encouraged belief that the U.S. currency is finally ready to make good on forecasts for a long-awaited recovery as economic growth there easily outpaces that in mainland Europe.But the scale of the dollar's moves - a 2 percent rise against the euro this month - also increase the odds of some players cashing in some of those gains."We think the euro-dollar move ...

Sterling near 2-year high vs euro, eyes on Fed LONDON: Sterling was hovering near a two-year high against the euro on Monday after two weeks when increasingly divergent interest rate expectations had made it one of the main buys against a weakening single currency.The strength of Britain's economic recovery over the past months has bolstered expectations that the Bank of England will be the first major central bank to raise interest rates since the financial crisis.But gains over the past week have been assisted ...
Sterling firmer vs euro as GDP data highlights diverging fortunes LONDON: Sterling rose against the euro on Friday after data showed Britain's economy is finally bigger than its pre-crisis size, highlighting the increasingly divergent economic and policy outlooks for the UK and the fragile euro zone.Gross domestic product (GDP) expanded by 0.8 percent in the April-June period, the same strong pace as in the first three months of the year and in line with forecasts in a Reuters poll of economists. The data came a ...
Sterling edges up vs euro as GDP data highlights divergent outlooks LONDON: Sterling edged up against the euro on Friday after data showed Britain's economy is finally bigger than its pre-crisis size, highlighting the increasingly divergent economic and policy outlooks for the UK and the fragile euro zone. Gross domestic product (GDP) expanded by 0.8 percent in the April-June period, the same strong pace as in the first three months of the year and in line with forecasts in a Reuters poll of economists.The data came ...
Euro battling losses after poor German data LONDON: The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment as the US currency headed for its strongest week since March. The Ifo numbers, the most watched forward-looking indicator of growth in the euro zone's largest member economy, fell for the third month running, with both of its main indexes declining much more than forecast.The euro fell to as low ...
Euro inches up from 8-month low on upbeat business surveys LONDON: The euro climbed from an eight-month low on Thursday after German and French business activity beat expectations, although fears that possible tougher sanctions on Russia would hurt the euro zone were seen limiting gains.The French composite purchasing managers index of both the manufacturing and services sector rose to 49.4 from 48.1 in June, bringing activity closer to the 50-point line dividing growth from contraction.German business activity also expanded in July as the services sector ...
Sterling hits four-week low vs dollar after weak UK retail data LONDON: Sterling fell to a four-week low against the dollar on Thursday after data showed British retail sales were weaker than expected in June, another sign that the UK's economic recovery may be losing momentum.Retail sales rose 0.1 percent in June from May, less than the 0.3 percent expected by economists. Though overall retail volumes in the second quarter were the strongest for 10 years, currency traders interpreted the numbers as soft, pushing down the ...

 



 
Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln