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Forint jumps to 4-week high on rating upgrade talk BUDAPEST: The forint touched a four-week high against the euro on Friday on speculation Fitch might upgrade Hungary's foreign currency debt later in the day, giving the country its first investment grade rating since 2011.Other Central European assets mostly trod water on a lack of major domestic triggers.Expectations the Federal Reserve will start to lift US interest rates in December have not dented asset prices in the European Union's eastern states. Many investors believe that any possible capital outflows could be offset by positive impacts from expected further monetary stimulus in the euro zone.The forint traded at 309.25 at 1030 GMT, up 0.4 percent from Thursday, while other currencies in the region were flat.The currency retreated slightly, to 309.55, after Economy Minister Mihaly Varga said that he did not expect an upgrade from Fitch, but then erased those losses."The day is about Fitch and we think this (the upgrade hope) ...

Fed fails to launch dollar higher LONDON: The dollar struggled against the euro and the yen on Thursday, with some analysts arguing that it will now take more than next month's expected action on euro zone and U.S. monetary policy to drive the greenback higher.The Japanese yen gained almost half a percent against the dollar on Thursday after the Bank of Japan kept policy steady while the New Zealand and Australian dollars both gained almost 1 percent.The action after Wednesday's Federal ...
Soft UK retail sales pull sterling from 3-month highs LONDON: Sterling eased from three-month highs against the euro on Thursday, weighed down by subdued British retail sales data which underpinned expectations that interest rates are likely to stay lower for longer.Data showed retail sales fell more than expected in October, after having surged a month before. Retail sales volumes fell 0.6 percent during the month after a 1.7 percent surge in September, boosted by the Rugby World Cup. The fall was bigger than the ...
Polish assets ease on PM speech, further details awaited BUDAPEST/WARSAW: Polish assets eased slightly on Wednesday after Prime Minister Beata Szydlo, in her first policy speech in parliament since taking office, outlined sweeping increases in state spending to boost the economy.The eurosceptic, economically populist Law and Justice party (PiS) won last month's parliamentary election on promises of higher spending, taxes on bank assets and financial transactions and monetary stimulus for the economy.After Szydlo confirmed the rises in spending rises, the zloty eased to 4.263 ...
Rouble extends rally on expectations of East-West thaw MOSCOW: The Russian rouble continued to rally for a third day on Wednesday, helped by firmer oil prices and expectations Russia may benefit from a thaw in East-West relations after recent attacks by Islamic State militants.At 0815 GMT, the rouble was 0.8 percent stronger against the dollar at 64.65 and had gained 0.6 percent to 68.90 versus the euro.Russian assets have been strengthening this week even though the price of oil, normally the most important ...
Dollar slips after solid gains, investors await Fed minutes LONDON: The dollar slipped from a seven-month high against a basket of currencies on Wednesday as markets awaited minutes of the Federal Reserve's recent policy meeting which could reinforce expectations of a rate hike next month.But there was a degree of wariness building in the long dollar trade, amid expectations that the Fed could flag concerns about the currency's recent strength.The dollar index has risen 6.3 percent in the past month as odds for an ...
Sterling gains after Broadbent plays down BoE forecasts LONDON: Sterling jumped almost half a cent against the dollar to its strongest levels this week on Wednesday after Bank of England Deputy Governor Ben Broadbent said markets should focus more on broader indicators of economic growth than the bank's recent subdued inflation forecasts.In a speech at a Reuters newsmaker event, Broadbent warned investors to not to "focus obsessively" on the inflation forecasts, whose publishing earlier this month drove back expectations of when the bank ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln