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Russia's ruble plunges to historic low against euro MOSCOW: Russia's ruble on Monday slumped to a new all-time low against the euro as the spillover from the Ukraine crisis and falling oil prices pummelled the economy.The ruble slumped to 51.27 to the euro, breaking through a previous low seen in March in the wake of Moscow's annexation of the Black Sea peninsula of Crimea from Ukraine.The national currency also dropped against the dollar to a rate of 40.42, according to the Moscow Exchange, scudding along beneath the psychologically important mark of 40 to the dollar that it broke through last week. The fresh slump came after Russia's central bank chief Elvira Nabiullina said the regulator had pumped some $6 billion into propping up the currency over the past ten days. Nabiullina however ruled out establishing a fixed exchange in a bid to stop the decline. "Setting a fixed exchange rate would, in my opinion, be a counterproductive decision ...

Global growth worries buffet sterling in wake of G20 LONDON: Sterling dipped against the euro on Monday but was steadier against the dollar after a weekend summit of financial leaders that raised more questions about how fast U.S. and UK interest rates can rise amid a global struggle for growth.Money market rates have already shown investors backing off the expectations of a Bank of England rate hike this year that drove sterling to a six-year peak against the dollar in July.Concerns that the euro ...
Yen in demand as global growth worries dampen risk appetite LONDON: The yen rose to a one-month high against the dollar and traded near 11-month peaks against the euro on Monday, as investors turned cautious on concerns about the health of the global economy.European stocks opened lower and German Bunds moved higher, accentuating regional flows towards safer currencies like the yen and the Swiss franc after rating agency S&P on Friday downgraded Finland and cut its outlook on France.With market holidays in Tokyo and New ...
Russia's rouble opens slightly stronger vs dollar MOSCOW: Russia's rouble opened slightly stronger against the US dollar on Monday but continued to lose ground against the euro, leaving it close to the level at which the central bank steps in to defend the currency. At 0608 GMT, the rouble was 0.14 percent stronger against the dollar at 40.27 but lost 0.42 percent to trade at 51.05 versus the euro. That left the currency 0.16 percent weaker at 45.13 against the dollar-euro basket ...
Russia's rouble spirals lower as central bank interventions top $3bn MOSCOW: Russia's rouble plunged again on Friday, and traders said the central bank intervened heavily to slow its slide, as oil prices dropped and Russian companies locked out of international capital markets drove demand for dollars. The central bank says it has spent $3.3 billion defending the rouble between last Friday and Wednesday, but the total amount over the past week is likely to be far larger since it releases its intervention data with a ...
Dollar set to end record-breaking run after Fed flags concerns LONDON: The dollar fell against the yen on Friday, and was on course for its first weekly drop in three months against a basket of currencies after Federal Reserve policymakers expressed concerns about the impact of the greenback's strength. Global growth worries, which sent stocks and commodities down across the board, saw the safe-haven yen hit a five-week high against the euro. The drop in oil prices to a four-year low below $90 took its ...
Sterling tops $1.62 after dollar retreat, BoE next LONDON: Sterling rose above $1.6200 for the first time in a week on Thursday, extending overnight gains in early European trade after the U.S. Federal Reserve fired a warning shot about the dollar's three-month march higher.Sterling gained another 0.2 percent compared to Wednesday's U.S. close at $1.6208 and was up almost 2 full cents compared to prices late in the previous session in Europe.The pound was suffering against the euro, however, the single currency trading ...

 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
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Arrow S&P 1,904.01 0.91
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln