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Relief over China growth pushes dollar to 1-week high versus yen LONDON: The dollar hit a one-week high against the yen on Tuesday after China growth data was not as bad as many had feared, curbing demand for the safe-haven Japanese currency.The greenback rose 0.6 percent to 118.25 after touching a one-week high of 118.54. Forecasts from the IMF showing that the United States was on a different growth trajectory than most other major economies also bolstered sentiment towards the dollar, while some talk the Bank of Japan may ease policy added to pressure on the yen.The euro was under pressure ahead of a possible announcement of a money-printing programme by the European Central Bank as early as at its meeting on Thursday.The euro's weakness pushed the Danish crown back towards recent 2-1/2 year highs. The impact on the crown from Denmark's interest rate cut deeper into negative territory on Monday proved fleeting, with investors expecting it to reduce rates further ...

Sterling blips higher, eyes on central banks LONDON: Sterling gained a third of a percent against a broadly weaker euro on Tuesday but was still wavering on the verge of a fall back below $1.50.The key domestic events for sterling this week are on Wednesday, with Bank of England minutes to be scrutinised for signs of a U-turn by either of the two policymakers who have voted for higher interest rates in recent months.Sterling has suffered from a pushback in expectations for ...
Zloty steady, kuna eases on CHF loan fix plan BUDAPEST/ZAGREB: Poland's zloty firmed slightly on Tuesday as its increased volatility following a surge in the Swiss franc reduces the odds of a central bank interest rate cut.Poland sees a need for measures to cut the costs of the franc's rise to borrowers. Croatia announced late on Monday that it would fix the exchange rate of its kuna against the franc for one year.Hungarians also hold a large amount of Swiss franc loans but most ...
Swiss franc shock shuts some FX brokers; regulators move in LONDON: The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulators to take a closer look at the sector. Some major banks also lost out when the Swiss National Bank lifted its cap on the franc against the euro without warning on Thursday, including Britain's Barclays which lost "tens of millions" of dollars, an industry source ...
Euro drops under $1.15 for the first time since Nov 2003 LONDON: The euro fell Friday under $1.15 for the first time in over 11 years as traders reacted to increasing signs that the ECB will launch a bond buying stimulus programme.The euro was worth $1.1460 at 1545 GMT, its lowest point since November 11, 2003.Copyright AFP (Agence France-Presse), 2015 ...
Euro fights back versus Swiss franc, weak against dollar LONDON: The euro regained more than 3 percent of its value against the Swiss franc on Friday but veered towards an 11-year low against the dollar, as investors took the Swiss move to scrap its currency cap as a sign the ECB would begin quantitative easing.The euro suffered the biggest one-day fall against the Swiss franc in its history on Thursday, dropping more than 18 percent after the Swiss National Bank stunned markets by scrapping ...
Russian rouble trims gains; S&P ratings review in focus MOSCOW: The rouble trimmed early gains on Friday, with traders remaining cautious over the prospect that Standard & Poor's ratings agency could downgrade Russia's credit ratings to 'junk' status.At 0730 GMT, the rouble was 0.1 percent stronger against the dollar at 65.21 but 0.1 percent weaker versus the euro at 75.88.Brent crude futures edged higher, holding above $48 per barrel, lending some support to the Russian currency. Oil is one of Russia's chief exports.S&P warned ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln