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Turkish lira near 1-week low as domestic, regional risks weigh ISTANBUL: The Turkish lira traded near its one-week low on Monday, weighed down by political uncertainty after last week's presidential election and tension between Russia and Ukraine.Moody's said in a statement on Friday the presidential election was unlikely to resolve Turkey's key economic and institutional credit challenges. Political uncertainty would persist until a parliamentary election due by June 2015.Turkish Economy Minister Zihat Zeybekci in a statement on Monday that Moody's comments showed the rating agency had disregarded Turkey's political stability and its economic results over the past 12 years."We don't take Moody's comment into consideration as these comments were prepared with prejudice instead of being prepared with economic criteria and they do not overlap with the current economic state," Zeybekci said.Investors are waiting for Turkish president-elect Tayyip Erdogan's announcement of his new prime minister this Thursday following a meeting of his ruling AK Party's senior leadership."Aside from the prime minister, ...

Sterling firm as Carney's comments offset soft housing data LONDON: Sterling rose on Monday, on track for its biggest daily gain against the dollar in a month, after Bank of England chief Mark Carney said interest rates may rise before wages start to go up.His comments offset data from Rightmove that showed British house prices were cooling in August as tougher checks on mortgage lending began to be felt and the market got ready for higher interest rates."We have to have the confidence that ...
Turkish lira steady as domestic, regional risks weigh ISTANBUL: The Turkish lira traded near its one-week low on Monday, weighed down by political uncertainty after last week's presidential election and ongoing tension between Russia and Ukraine.Moody's said in a statement on Friday the presidential election was unlikely to resolve its key economic and institutional credit challenges, because political uncertainty will persist until a general elections due by June 2015.Investors are waiting for Turkish president-elect Tayyip Erdogan's announcement of his new prime minister this ...
Carney buoys sterling, dollar under pressure LONDON: Sterling was the main mover on major currency markets on Monday, recovering from multi-month lows, while the Swiss franc retreated as investors' concerns over Ukraine eased marginally.The dollar, knocked back last week after a strong run since early July, was roughly steady against the yen and euro and a basket of currencies used to measure its broader strength, hampered by U.S. Treasury yields that were close to 16-month lows.The pound rose after Bank of ...
Sterling rallies, Carney's comments offset soft housing data LONDON: Sterling rose on Monday, on track for its biggest daily gains against the dollar in a month, after Bank of England chief Mark Carney said interest rates may rise before wages start to go up.His comments offset data from Right move that showed British house prices were cooling in August as tougher checks on mortgage lending began to be felt and the market got ready for higher interest rates."We have to have the confidence ...
Turkish lira steady as domestic, regional risks weigh ISTANBUL: The Turkish lira traded near its one-week low on Monday, weighed down by political uncertainty after last week's presidential election and ongoing tension between Russia and Ukraine.Moody's said in a statement on Friday the presidential election was unlikely to resolve its key economic and institutional credit challenges, because political uncertainty will persist until a general elections due by June 2015. Investors are waiting for Turkish president-elect Tayyip Erdogan's announcement of his new prime minister ...
Rouble stronger in early trade, despite central bank widening corridor MOSCOW: The rouble strengthened in early trading on Monday, supported by the approaching end-of-month tax period and shrugging off a decision by the central bank to alter its exchange-rate policy. At 0640 GMT, the rouble was 0.21 percent stronger against the dollar at 36.05 and gained 0.23 percent to trade at 48.27 versus the euro. That left the currency 0.22 percent stronger at 41.55 against the dollar-euro basket. The central bank said it had widened ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln