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Euro drops back to 2-week lows vs sterling on Ukraine news LONDON: Sterling resumed its gains against the euro on Thursday as the single currency came under renewed downward pressure due to concerns about the Russian-Ukraine conflict, which is likely to be a drag on the euro zone economy."The Ukraine headlines dragged the euro lower," a spot trader based in London said. "There have been expectations of routine month-end demand for the euro, but in any case, a bounce in the euro is being used as an opportunity to build fresh short positions."Ukrainian President Petro Poroshenko called an urgent meeting of Kiev's security and defence council to decide the next steps to take in the crisis after he said Russian forces had been "brought into Ukraine."The euro has struggled for most of this week on speculation the European Central Bank will resort to asset purchases, or quantitative easing, to revive the euro zone's economy.That had helped widen interest rate differentials in ...

Euro falls to near 21-month low vs Swiss franc LONDON: The euro fell to its lowest in nearly 21 months against the Swiss franc on Thursday amid speculation that the European Central Bank will ease monetary policy in coming months, possibly by quantitative easing.The euro fell to 1.20595 francs on trading platform EBS, its lowest since early December 2012 and down 0.1 percent on the day. Before the latest speculation about the ECB, the Swiss franc had been rising due to safe-haven inflows amid ...
Russian rouble hits lowest since March after Ukraine says Russia has invaded MOSCOW: The Russian rouble fell to its lowest level against the dollar since March after Ukraine's President Petro Poroshenko said on Thursday that Russian forces had invaded Ukraine.At 1020 GMT the rouble was at 36.66 against the dollar , down 1.35 percent on the day, its weakest level since March 18. Copyright Reuters, 2014 ...
Swiss franc hits 21-month high vs euro, triggers SNB intervention talk LONDON: The Swiss franc rose to its highest in nearly 21 months against the euro on Thursday, triggering speculation that the Swiss National Bank may intervene soon to keep a lid on the currency and ward off the threat of deflation in Switzerland.The franc has been rising steadily this month, partly due to safe-haven flows given the conflict between Russia and Ukraine.Momentum has picked up in recent days as more investors sold the single currency ...
Euro drops back towards 2-week lows vs sterling on Ukraine news LONDON: Sterling resumed its gains against the euro on Thursday, with the single currency coming under renewed downward pressure due to concerns about the Russian-Ukraine conflict, which is likely to be a drag on the euro zone economy."The Ukraine headlines dragged the euro lower," a spot trader based in London said. "There have been expectations of routine month-end demand for the euro, but in any case, a bounce in the euro is being used as ...
Safe-haven yen and Swiss franc gain on Ukraine worries LONDON: The yen and Swiss franc gained on Thursday, while the euro fell, as concerns about a serious escalation in tensions between Ukraine and Russia rattled investors and drove them to seek safe-haven currencies.The euro hit a 21-month low against the Swiss franc of 1.2052 francs per euro on trading platform EBS after the news. Against the yen, the single currency fell to a two-week low of 136.41 yen per euro."If the situation deteriorates  ...
Euro gets reprieve as QE speculation cools a touch LONDON: The euro rose further off a one-year low against the dollar on Thursday as feverish speculation of an imminent round of quantitative easing by the European Central Bank cooled. Sources told Reuters on Wednesday that the ECB was unlikely to take new policy action at its meeting next week unless inflation figures on Friday show the euro zone sinking significantly towards deflation. That prompted speculators to trim huge bearish positions in the euro. The ...

 



 
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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 28, 2014
Reserves $13.582 bln