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Euro struggles after German data, nears 2-year low vs sterling LONDON: The euro fell on Monday, hitting a 22-month trough against the British pound, after weak German industrial data highlighted the divergent economic prospects between the euro zone and those of its biggest trading partners. German industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, and surprised most who had forecast an unchanged reading. It kept alive expectations that the European Central Bank would have to loosen monetary policy further in coming months in the face of disinflationary pressures and subdued economic growth. In contrast, the Bank of England is expected to tighten policy before the end of this year or early next year. Investors have also brought forward the timing of the first rate hike by the US Federal Reserve to the middle of 2015 after a stellar jobs report last week. That helped the dollar index trade near its ...

Sterling index hits near-six-year high, buoyant vs euro LONDON: Sterling hit a near-six-year high against a basket of currencies on Friday, helped by a fifth straight week of gains against the struggling dollar and against a euro weakened by fresh worries about the prospect of quantitative easing. In contrast with the dovish signals from the euro zone, the Bank of England looked clearly on track for a rate hike either later this year or early in 2015, leading to a widening in rate ...
Turkish lira underpinned by lower oil prices; shares up ISTANBUL: Turkish shares and bond prices were firm on Friday in thin lower volumes due to a US holiday while the lira was supported by falling oil prices. The lira firmed to 2.1335 against the dollar by 1447 GMT from 2.1345 late on Thursday. The yield on the two-year benchmark government bond stood flat at 8.38 percent. The main Istanbul share index rose 0.01 percent to 77,534.77, outperforming slightly the emerging markets share index which ...
Turkish lira's real exchange rate falls to 109.56 in June ISTANBUL: Turkey's central bank said on Friday the real effective exchange rate of the lira, which the bank is monitoring to avoid excessive volatility, fell to 109.56 in June from 110.05 in May. The rate measures the weighted average of domestic prices relative to those of Turkey's trading partners. Copyright Reuters, 2014 ...
Red-hot sterling cools a touch after PMI numbers LONDON: Sterling steadied on Thursday after surging to an almost six-year high a day earlier, cooled by marginally poorer than expected service sector data and the wait for monthly U.S. jobs figures later in the session.As Sweden's Riksbank became the latest central bank to slash interest rates to almost zero, Britain stood out as one of only two major developed world economies clearly on track for a move to higher interest rates over the next ...
Swedish crown hits 3-1/2 year low after steep rate cut, Aussie weakens LONDON: The Swedish crown fell to a 3-1/2-year low against the euro on Thursday as the central bank cut rates more than expected, while the Australian dollar lost ground after the head of its central bank warned the currency could weaken.The 50-basis-point-cut by Stockholm's Riksbank was double what was expected and kept the market focus on the crown in an otherwise quiet session, with investors awaiting U.S. jobs data and the outcome of a European ...
Dollar steadies after hitting lows, awaits Yellen and ADP data LONDON: The dollar hovered just above a two-month low against a basket of currencies on Wednesday, with the focus on Federal Reserve Chair Janet Yellen's speech later in the day and a private sector survey of the U.S. labour market.The euro lost some steam on concerns about verbal intervention from policymakers about a strengthening currency.Sterling held strong near six-year highs against the dollar on more evidence of an upswing in the housing market which added ...

 



 
Index Closing Chg%
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Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln