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Rouble sinks further despite S&P rating decision MOSCOW: The rouble fell sharply on Monday, extending its decline and prompting renewed central bank support, despite getting a slight boost from Standard & Poor's decision to keep Russia's sovereign debt rating unchanged.At 1430 GMT, the rouble was down 0.63 percent at 42.17 against the dollar and 1.03 percent weaker at 53.60 versus the euro, after earlier hitting new all-time lows against both currencies.The Russian currency has been hammered for months by risk aversion to Russian assets because of the Ukraine crisis, falling oil prices and Western sanctions restricting Russian firms' access to international capital.Brent crude oil futures dropped again on Monday, falling below $85, and some analysts' expectations that the central bank could let the rouble float freely in the coming weeks added further pressure to the rouble."The Russian central bank is not yet able to stop the national currency's slide, neither with currency interventions, which are already likely ...

Sterling edges up as Fed policy expectations peg back dollar LONDON: Sterling rose against the dollar on Monday, boosted by expectations that the Federal Reserve will this week emphasise that U.S. interest rates are likely to stay lower for longer.The pound lagged the euro, which got a lift from European Central Bank stress tests that found smaller-than-expected capital requirements among the region's banks, lifting some of the economic gloom surrounding the euro zone.The single currency traded flat at 78.755 pence, barely reacting to a below-expectations ...
Sterling up on UK GDP, eyes first weekly rise in four LONDON: Sterling rose against the dollar on Friday after figures showed the UK economy met expectations and grew at a healthy pace, providing a relief for those worried that weakness overseas could be a drag on activity. The pound moved further above $1.60 and on a broader trade-weighted basis was on track for its first weekly rise in four. Britain's economy grew by 0.7 percent in the third quarter, down from 0.9 percent the quarter ...
Polish zloty inches up after central bank chief's comments BELGRADE: Poland's zloty firmed slightly on Friday afternoon after the central bank chief said the currency was slightly undervalued, providing a boost to central and eastern Europe's largest economy.Asked by reporters if he saw the zloty as slightly undervalued, Marek Belka said: "Yes.""It is a stimulus for the economy," he added.The zloty, which hit 15-month lows against the dollar on Thursday, was bid at 3.3273 to the dollar by 0138 GMT, compared with 3.3424 at ...
Sterling up on UK GDP, eyes first weekly rise in four LONDON: Sterling rose on Friday after figures showed the UK economy slowing but in line with forecasts and still growing at a healthy pace, a relief for those worried that weakness overseas could be a heavier drag on activity. The pound moved further above $1.60 and on a broader trade-weighted basis was on track for its first weekly rise in four. Britain's economy grew by 0.7 percent in the third quarter, down from 0.9 percent ...
Polish zloty hovers around 15-month lows against the dollar BELGRADE: Poland's zloty hovered around 15-month lows against the dollar, little changed from Thursday, when minutes of October's central bank meeting showed bank policymakers were inclined to cut interest rates quickly and deeply in coming months.Central and Eastern European currencies were stable against the euro, which gained support from data showing euro zone business growth has picked up unexpectedly this month.Markets will be watching a meeting in Warsaw where David Lipton, the first deputy director ...
Rouble weakens to new all-time low of over 42 rbls/dlr MOSCOW: Russia's rouble weakened to a new all-time low of 42.01 roubles per dollar on the Moscow Exchange on Friday, hurt by risk aversion linked to an upcoming review of Russia's debt rating by Standard and Poor's and weaker oil prices. The rouble has been pressured for months by falling oil prices, Western sanctions over the Ukraine crisis and strong demand for dollars from Russian firms shut out of international capital markets.Copyright Reuters, 2014 ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln