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Sterling slips towards 2014 lows versus buoyant euro LONDON: Sterling fell towards 2014 lows against a buoyant euro on Monday, with the single currency bolstered by news of an European acquisition by Vodafone and expectations that the ECB will not ease policy anytime soon.After a bullish run since the middle of last year, more doubts have emerged about the pound this month, with many analysts saying the improvement in the UK economy and the prospect of an interest rate rise next year are well priced-in.That is making it harder for the currency to gain more on the back of even relatively robust numbers like the 3-5 percent annual rises in construction and industrial output shown by official data last week.Another factor in the pound's rise has been Vodafone's sale of its main U.S. business for $130 billion, inflows from which are now largely seen as complete. The company confirmed on Monday it will use some of the resulting ...

Euro slips on risk of lower inflation data, yen drifts lower LONDON: The euro fell against the dollar and pared its gains against the yen on Monday as some fretted that euro zone inflation data for February could be revised down in its final reading, keeping pressure on the European Central Bank to ease policy more. The safe-haven yen slipped against the dollar as European stocks edged up on expectations the West will impose only limited sanctions on Russia after Ukraine's Crimea region voted in favour ...
Yen in vogue on renewed anxiety over Ukraine, China LONDON: The yen was in demand on Friday, heading for its biggest weekly gain in more than a month against the dollar, underpinned by tensions in Ukraine and as worries about the health of the Chinese economy festered. The euro was pegged back by a sharp ratcheting up of comments by European Central Bank policymakers about the exchange rate, which is near 2-1/2 year highs on a trade-weighted basis. ECB President Mario Draghi said on ...
Sterling inches lower after trade numbers, labour data eyed LONDON: Sterling inched lower on Friday, with analysts already looking to a survey of labour data next week to help the market decide how strong Britain's economic recovery really is. Doubts over the pound's bullish run since the middle of last year have emerged this month, with many analysts saying the prospect of a rise in interest rates next year is now firmly priced in. BoE officials have also shown signs of concern over the ...
Turkish lira weakens, dollars hoarded ahead of elections ISTANBUL: Turkey's lira weakened on Tuesday as Turks hoarded dollars in anticipation of a turbulent election cycle and as the death of a 15-year-old boy injured in anti-government protests last summer raised fears of further unrest. Tensions were already running high in Turkey after a string of leaked voice recordings purporting to reveal government corruption. Prime Minister Tayyip Erdogan says the recordings are "fabricated" and aimed at unseating him. The lira slipped to 2.2281 against ...
Euro heading for 3-year highs as ECB sees muted inflation impact LONDON: The European Central Bank's decision to leave monetary policy unchanged, and its seemingly relaxed attitude to the impact of a strong euro on deflation, may have put the single currency on course to reach its highest levels in nearly three years. If the euro zone economy shows more signs of recovery in coming months and US data remains patchy, the euro could rise towards $1.45 - a level seen in mid-2011 - before the ...
Yen firms as Bank of Japan leaves policy stance unchanged LONDON: The yen edged up on Tuesday after the Bank of Japan stood pat on monetary policy and its chief, Haruhiko Kuroda, said there was no need to adjust monetary policy for now. The BoJ maintained its massive monetary stimulus, as widely expected, and stuck to its view that economic growth and consumer price increases remain on track. It downgraded its view of exports but upgraded its view of capital expenditure and industrial production. The ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln