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Yen, Swiss franc benefit from Iraq concerns LONDON: Investors sought refuge in the traditional security of the yen and Swiss franc on Friday after U.S. President Barack Obama approved air strikes in Iraq, adding to tensions in the Middle East and Ukraine which have unnerved global financial markets.Obama said in an address that he authorised targeted strikes to protect the besieged Yazidi minority and U.S. personnel in Iraq, after the Iraqi government requested help.The benchmark U.S. Treasury yield fell to a 14-month low as bond prices rose in the wake of the air strike news, helping to weaken the dollar almost half a percent against the yen. The franc gained a quarter of a percent."President Obama's authorisation of selective air strikes on Iraq has dominated overnight market movements," said Adam Cole, head of G10 currency strategy at RBC Capital Markets in London. "All markets, including FX, have a severe risk-off tone."Currency markets in general have been relatively ...

Sterling hits 8-week low vs dollar on war worries LONDON: Sterling hit an eight-week low against the dollar and fell against the euro on Friday as investors moved towards traditionally lower-yielding safe haven currencies after the United States authorised air strikes against militants in Iraq.A bigger-than-expected British trade deficit also weighed modestly on the currency, which is heading for its fifth successive week of losses against the dollar - the worst run in over two years.But it was clear that the main driver across ...
Sterling steadies ahead of rate decision LONDON: Sterling edged down on Thursday ahead of a Bank of England meeting which may prove a watershed on the road to higher interest rates despite growing doubts over the pace of Britain's economic recovery.The BoE's Monetary Policy Committee (MPC) finishes its latest two-day meeting today, but markets will have to wait for another two weeks to find out whether any of the nine members has voted for an interest rate rise.Some analysts believe a ...
Yen slips on pension fund stock shift; eyes on ECB LONDON: The yen sagged against the dollar on Thursday on news that Japan's public pension fund plans to increase its allocation to the domestic stock market, while the euro was flat ahead of a monthly decision on interest rates.The dollar rose 0.2 percent to 102.33 yen, pulling away from a 1-1/2 week low near 101.76 yen set on Wednesday. After a bullish month of trading which has raised expectations of a longer-lasting rally, the greenback ...
Euro hurt by German industrial data, Ukraine worries LONDON: The euro recovered a touch after sliding to a nine-month low against the dollar on Wednesday, hit by a sharp drop in German industrial orders and uncertainty about the intentions of Russian troops operating near the Ukrainian border.The dollar hovered just under an 11-month high against a basket of major currencies that it had hit earlier in the day, boosted by upbeat U.S. data as well as a move by investors away from currencies ...
Sterling knocked back again by subdued output data LONDON: Sterling fell to intraday lows against both the dollar and the euro on Wednesday after data showed UK industrial and manufacturing output grew less than expected in June.The pound, one of the main losers against a resurgent dollar in the past month, extended losses to be a third of a percent down on the day at respectively $1.6841 and 79.39 pence per euro.It had surged more than 10 percent against a basket of currencies, ...
Turkish lira slips to 2.17 against dollar in emerging market sell-off ISTANBUL: Turkey's lira slid to its weakest against the dollar since March 31 on Wednesday, hit by emerging market weakness, dollar strength and concerns about a routine review from ratings agency Moody's on Friday.At 1023 GMT, the Turkish currency stood at 2.1735 against the dollar, weakening from 2.1463 late on Tuesday.Copyright Reuters, 2014 ...

 



 
Index Closing Chg%
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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 15, 2014
Reserves $14.264 bln