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Sterling rises on hopes US taper put off till 2014 LONDON: Sterling rose against the dollar on Monday as investors bet strong US jobs figures would not persuade the Federal Reserve to start cutting back its huge bond-buying programme this month. The pound rose 0.3 percent to $1.6388, edging back towards the $1.6443 it hit last week its highest since August 2011. Sterling has rallied since the summer as better-than-expected UK economic data including strong house price data on Friday has added weight to the view that interest rates may rise earlier than previously expected. Better-than-forecast US jobs numbers on Friday were not enough to convince markets the Fed would begin tapering its $85 billion-a-month of monetary stimulus before March, pushing US debt yields lower and dragging the dollar down. "Payrolls were positive for risk, but not strong enough for a taper as early as December," said Nawaz Ali, UK market analyst ...

Hungary's currency reserves rise to 34.729bn euros in November BUDAPEST: Hungary's foreign currency reserves rose to 34.729 billion euros ($47.52 billion) by the end of November from 32.757 billion euros at the end of October, the National Bank of Hungary said on Saturday.Hungary sold 10-year bonds worth $2 billion on the international market last month.At the end of 2012, reserves stood at 33.88 billion euros.Copyright Reuters, 2013 ...
Dollar climbs from lows, US jobs data key to gains LONDON: The dollar rose against a basket of currencies on Friday, with its short-term fortunes riding on whether key US jobs data can bolster the case for the Federal Reserve to start scaling back monetary stimulus.Analysts polled by Reuters expect the US economy to have created 180,000 jobs in November, following 204,000 in the previous month. Any upside surprise will keep alive lingering expectations the Federal Reserve may start to scale back its bond-buying stimulus ...
Euro edges up after ECB decision, market awaits inflation forecasts, Draghi LONDON: The euro edged up on Thursday after the European Central Bank kept interest rates on hold, with traders on the lookout for the bank's inflation forecasts and any signs it may take more action to prevent deflation.Investors had expected no change in rates after the ECB's surprise cut to a record low of 0.25 percent last month, and will now scour the bank's projections that are expected to point to inflation remaining below target ...
Sterling slips from recent highs, but support seen solid LONDON: Sterling took a breather after hitting a five-year high against a basket of currencies earlier this week, but losses should be limited by expectations monetary policy will tighten sooner than had been predicted.Sterling is also likely to draw support from an encouraging message about Britain's finances and economy in an update by finance minister George Osborne expected later on Thursday. Any cut in government borrowing could see the pound push towards recent two-year highs ...
Dollar pares gains before key data, euro down vs Swiss franc LONDON: The dollar pared earlier gains on Wednesday as investors positioned themselves for U.S. data later this week that could be key indicators of when the Federal Reserve will slow its huge bond-buying programme.The euro fell to a two-month low against the Swiss franc after data showed an uneven recovery in the currency bloc. Hedge funds sold the euro ahead of next week's Swiss National Bank meeting, at which it is likely to reiterate its ...
Rallying sterling may be at risk of BoE verbal intervention LONDON: Sterling's rally to five-year highs against a basket of currencies on robust UK data could raise the risk of verbal intervention by the Bank of England, which wants to shift the economy towards more exports.Any sign that the BoE is becoming uncomfortable with the strength of the currency would see the pound give up some of the strong gains it has made in the second half of the year.The BoE's Monetary Policy Committee started ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln