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Swiss franc falls towards 5-week lows on Greek debt deal LONDON: The Swiss franc shed over 1 percent against the dollar on Monday, dropping towards five-week lows as some of the Greece-related safety flows waned after a conditional loan extension for the bailed-out country was reached late last week. Despite a last-minute deal achieved late on Friday, uncertainty remained high, leaving the euro under pressure against the dollar, the pound and the yen.The losses in the safe-haven Swiss franc, though, were relatively big. The dollar was 1.25 percent higher against the franc at 0.9515 francs while the euro was up 0.5 percent at 1.07395 francs, not far from a five-week high of 1.08115 struck late on Friday. "The move in the Swiss franc is broadly in line with the overall pick up in risk appetite," said Peter Kinsella, currency strategist at Commerzbank. "Clearly, they want to keep Greece in the euro zone and as a consequence some of the safe-haven ...

Swiss franc drops towards 5-week lows on Greek debt deal LONDON: The Swiss franc fell towards five-week lows on Monday, as some of the Greek-related safety flows waned after a conditional loan extension for Greece was reached late last week.Despite a last-minute deal over Greece's bailout achieved late on Friday, uncertainty remained high, leaving the euro under pressure against the dollar, the pound and even the yen.The losses in the safe-haven Swiss franc, though, were relatively big. The dollar was up 0.9 percent against the ...
Trade-weighted sterling near six-year high, wobbly euro helps LONDON: The trade-weighted sterling index stood near a six-year high on Friday, lifted by its gains against the euro, which slumped to its lowest in seven years on worries about Greek debt. UK retail sales for December fell short of expectations, weighing slightly on the pound against the dollar. Other data showed that public finances improved in January but also fell slightly short of expectations.The data came in a week when investors grew more confident ...
Euro falls to one-week low on Greek jitters LONDON: The euro fell to a one-week low against the dollar on Friday on concerns that a crucial meeting on Greece's request for a six-month loan extension could end without easing the country's funding crisis.Reports suggesting that Greece and its euro zone creditors were getting closer to a deal appeared to do little to calm investors, with the safe-haven yen gaining 0.8 percent against the euro to trade at 134.125 yen. A German magazine report ...
Dollar recoups lost ground on talk of SNB buying LONDON: The dollar recovered on Thursday, on talk the Swiss National Bank was buying the greenback, helping it recoup losses made after minutes from the Federal Reserve policy meeting showed an interest rate hike was some distance away.The euro gave up most of its earlier gains, edging down to trade at $1.13905. It got little support from news that Greece had formally requested a six-month extension to its euro zone loan agreement as it raced ...
Cautious Fed pours cold water on dollar LONDON: The dollar slipped on Thursday after minutes from January's Federal Reserve policy meeting showed officials were concerned that hiking interest rates too soon could damage the US economic recovery.The euro benefited from the greenback's weakness, gaining 0.3 percent to trade at $1.1436, though investors said the single currency remained vulnerable to downside risk amid tense Greek debt negotiations.The dollar also fell against the yen, losing 0.1 percent to trade at 118.62 yen after coming ...
Trade-weighted sterling pinned near 6-year highs on robust UK view LONDON: Sterling trade-weighted index hovered near a six-year high on Thursday, boosted by gains against the dollar as the interest rate gap between US Treasuries and British gilts narrowed.The yield spread between rate-sensitive two-year Treasuries and their British counterparts narrowed after minutes of January's Federal Reserve policy meeting showed officials were concerned about hiking interest rates too soon.In contrast, data showed British wages growing strongly, outstripping inflation by the widest margin since before the financial ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
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Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln