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Dollar bounces back from lows as investors await Fed LONDON: The dollar edged up on Wednesday, a day after falling amid a flight to safety as a Russian currency crisis took hold and as speculation grew that the Federal Reserve might take a more cautious tone on monetary policy.The rouble's collapse - 50 percent so far this year - slowed slightly as Russia's finance ministry said it had started selling foreign currency while Brent crude, which has also almost halved in value since June, held near a 5-1/2-year trough of less than $60 a barrel.Having hit a one-month low against the safe-haven yen on Tuesday at 115.565, the dollar was up 0.6 percent at 117.135. The yen was also hit by data showing Japanese exports missed forecasts in November, keeping policy pressure on the re-elected Japanese premier Shinzo Abe.Many expect the Fed to drop its use of the phrase "considerable time" to describe how long interest rates will stay ...

Sterling firmer against euro after UK data, Fed stance awaited LONDON: Sterling rose against the euro on Wednesday, helped by signs of rising personal incomes, although British interest rates are still expected to remain near record lows until the second half of 2015.That kept the pound subdued against the dollar, and more losses against the U.S. currency are possible once the Federal Reserve ends its policy meeting later on Wednesday. Attention will focus on whether the Fed drops the phrase "considerable time" from any discussion ...
Dollar pulls away from lows as it awaits the Fed LONDON: The dollar edged higher on Wednesday after falling the previous day, when a Russian currency crisis took hold and speculation grew that the Federal Reserve might take a more cautious tone on monetary policy.After skidding oil prices helped Russia's rouble to plunge as much as 25 percent on Tuesday, an uneasy calm took hold, as Russia's finance ministry said it had started selling foreign currency from its leftover stock. That helped the rouble to ...
Turkish lira recovers amid daily tightening, forex support ISTANBUL: Turkey's lira recovered on Wednesday after the central bank reassured the market that monetary tightening would continue until inflation improves.The currency hit record lows on Tuesday due to an emerging market sell-off and domestic political tensions.Turkey's central bank governor, Erdem Basci, said on Wednesday the bank would keep its monetary policy tight until there was a clear improvement in the inflation outlook.The central bank sets interest rates monthly, but is able to tweak the ...
Sterling climbs vs euro after UK data, Fed awaited LONDON: Sterling rose against the euro on Wednesday, helped by signs of accelerating income earnings, but there was little to alter expectations that British interest rates will stay anchored near record lows until the second half of 2015.That saw the pound weaken against the dollar, with more losses likely against the U.S. currency if the Federal Reserve drops its use of the phrase "considerable time" with reference to current rates after it concludes a policy ...
Rouble bounce fizzles again; pressure across emerging markets LONDON: The rouble's opening bounce fizzled on Wednesday as the currency shrugged off the latest hard currency sales against a backdrop of general bearishness on Russia and mounting pressure across emerging markets.Central banks from Brazil to Indonesia have stepped in this week to curb losses in their currencies which have sold off versus the dollar on expectation the U.S. Federal Reserve will hint at the timing and extent of future interest rate rises.The rouble's collapse ...
Russia Finance Minister says starts selling foreign-currency stock MOSCOW: Russia's Finance Ministry said on Wednesday it was starting to sell its leftover foreign-currency stock and that it considered the rouble to be undervalued.The ministry did not elaborate in its statement on which stock it was selling, or how much.Copyright Reuters, 2014 ...

 



 
Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln