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Yen squeezed against dollar ahead of Yellen testimony LONDON: The dollar rose to a two-week high against the yen on Tuesday ahead of testimony by Federal Reserve chief Janet Yellen, which should show whether the U.S. central bank is on track to raise interest rates later this year.A more subdued performance against the euro, where investors were awaiting the reaction of Germany and other euro zone leaders to reform proposals from Greece, kept a lid on gains for the dollar against a basket of currencies.But dealers said that speculation Yellen would at least not derail expectations of a rise in U.S. interest rates in the second half of this year had put pressure on the yen in the top half of a 116-121 yen range it has held since November."We're still waiting on more details around Greece this afternoon and then the focus will be on Yellen," said a currency strategist with one European bank in London."If she ...

Sterling hits 7-year high vs euro, Carney's testimony eyed for rate outlook LONDON: Sterling rose to a seven-year high against the euro on Tuesday, after a Bank of England policymaker said British interest rates could rise in the near future should inflationary pressures pick up quickly.Kristin Forbes said in a speech that the risks from a return of inflation, asset price bubbles in the financial sector and levels of consumption and savings were "moderate and manageable" at the moment. But these merited "close attention."Her comments came less ...
Dollar inches up on Yellen hopes, Greek breather LONDON: World shares held near all-time highs on Tuesday on relief that Greece had submitted reform plans and the dollar was firmer on expectations that Fed chair Janet Yellen would keep the bank nudging towards U.S. rate hikes.European bourses traded around breakeven as Greece delivered a list of economic reforms to the euro zone that it hopes will secure a four-month extension of its financial lifeline."In the Commission's view, this list is sufficiently comprehensive to ...
Russia's ruble slides on 'junk' rating downgrade MOSCOW: Russia's ruble and stock market showed renewed weakness Tuesday in response to sliding oil prices and a downgrade to "junk" status of its sovereign debt by Moody's.The global rating agency announced after trading in Moscow finished on Friday that it expected Russia to experience a "deep recession" this year and continued economic contraction in 2016.Russia's markets were closed for a public holiday on Monday and the ruble only traded over the counter in thin ...
Russian assets weaker as market prices in Moody's downgrade MOSCOW: Russia's assets were weaker on Tuesday after Moody's ratings agency downgraded Russia's credit rating to below investment grade and as oil prices slipped, but losses were trimmed by some progress towards implementing a ceasefire in eastern Ukraine.At 1040 GMT, the rouble was around 1.7 percent weaker against the dollar at 63.10 and lost 1.2 percent to 71.34 versus the euro. Shares were also lower, with the dollar-denominated RTS index down 3.3 percent to 881 ...
Belarus says reduces share of forex revenues firms have to sell MINSK: The Belarussian central bank said on Tuesday it had reduced the share of foreign-currency revenues that Belarussian companies are obliged to sell to 40 percent from 50 percent.Obligatory foreign-currency sales were introduced as a means of supporting the Belarussian rouble.The central bank said the measure had stabilised the currency market.Copyright Reuters, 2015 ...
Sterling gains ahead of central banker testimonies LONDON: Sterling rose to a seven-year high against the euro on Monday, after climbing in the past week to its highest in more than six years against the basket of currencies measuring its broader strength.Although the pound has been weak against the dollar since last July, it has gained steadily against the European currencies in which it does most of its trade. In the past month it has also bounced 3 percent higher against China's ...


Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33

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