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Sterling hits 1-1/2 month high versus dollar LONDON: Sterling rose to a 1-1/2 month high against the dollar and extended gains against the euro on Wednesday as investors gauged the Bank of England's forward guidance to be not as dovish as many had expected.Sterling hit a high of $1.5493, its highest since June 21, as investors continued to bring forward expectations of when the Bank of England would raise rates, given the raft of good economic data in the past few weeks."The BoE's pre-commitment to keeping rates at a record low is not as conclusive as it first appeared," said Lena Komileva of G+ Economics.The euro was down 0.7 percent at 86.04 pence.Copyright Reuters, 2013 ...

Swiss franc steady as global economy brightens ZURICH: The Swiss franc was steady against the dollar on Wednesday, within striking distance of a seven-week high as uncertainty about the US Federal Reserve's plans to reduce its bond buying programme weighed on the dollar.The franc was steady against the euro in thin trading, continuing to track the single currency as it has broadly done since the Swiss National Bank imposed a 1.20 francs per euro cap in September 2011 to stave off a ...
Turkish lira gains as central bank points to currency risk on inflation ISTANBUL: Turkey's lira firmed against the dollar on Tuesday after the central bank said a weak currency risked stoking inflation, fuelling expectations for tighter monetary policy.Volumes were thin, with Tuesday the last full trading day of the week before markets close early on Wednesday for a long holiday for Eid Al Fitr, marking the end of Ramadan, the Muslim month of fasting.The lira was at 1.9293 to the dollar at 0910 GMT compared to 1.9333 ...
Australian dollar rises after RBA gives no hint of more easing LONDON: The Australian dollar rose on Tuesday after the Reserve Bank of Australia cut interest rates, as expected, and gave no clear steer that it would ease policy further, disappointing some who had positioned for it.The RBA lowered its main cash rate by a quarter point to a record low of 2.5 percent, a cut which was fully factored in. Some in the market had geared up for a 50 basis point cut and a ...
Swiss franc falls vs dollar on US services growth ZURICH: The Swiss franc drifted lower against the dollar on Tuesday as the greenback gained some ground on data showing the pace of growth in the US services sector accelerated in July with new orders at their highest in five months.The Institute for Supply Management (ISM) said its services index rose to 56 from 52.2 in June, easily topping economists' expectations for 53 and supporting views the Federal Reserve could trim its bond-buying programme earlier ...
Sterling rises after UK industrial output data beats forecasts LONDON: Sterling rose on Tuesday after Britain's industrial output beat forecasts, adding impetus to the view that the economy was firmly on the path of a recovery.But market participants refrained from pushing the pound much higher before Wednesday's Bank of England Inflation Report, in which the central bank could provide forward guidance and indicate that interest rates will stay at record lows for a prolonged period.Sterling was up 0.1 percent at $1.5366, having hit a ...
Swiss franc idles as dollar softens following payroll data ZURICH: The Swiss franc idled against the euro and the dollar, which softened on Monday after data showed US employers slowed their pace of hiring in July.US non-farm payrolls rose by 162,000 in July, more than 20,000 below a median market estimate, and a decline in the size of the workforce saw the unemployment rate fall to 7.4 percent, its lowest in more than four years.That in turn led some banks to push back forecasts ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln