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Sterling firmer, but at risk if inflation reading subdued LONDON: Sterling rose against the euro on Monday, paring some of last week's losses, although it may be kept in check if British economic data later in the week points to softer inflation and moderating growth.The euro was down 0.4 percent at 79.11 pence. The single currency was also on the defensive after euro zone inflation expectations fell to a new low, keeping alive expectations that the European Central Bank may have to resort to government bond buying early next year. Against the dollar, the pound was 0.1 percent higher at $1.572, staying above a 15-month trough of $1.5585 hit last Monday. Traders said option bids around $1.5700 would provide support in the near term."However, we are heading into an eventful week in the pound with inflation, jobs data and retail sales due on Tuesday, Wednesday and Thursday respectively. Soft economic read is a risk for sterling bulls," said Ipek ...

Russian ministry says doesn't support forced FX sales by domestic firms MOSCOW: Russia's Finance Ministry said on Monday it did not support the idea of forced foreign currency sales by domestic companies.Russian lawmakers have proposed introducing a requirement that domestic firms with foreign currency earnings should sell a portion of them to support the rouble, which is down more than 40 percent against the dollar this year.The central bank is also against the requirement.Copyright Reuters, 2014 ...
Russian rouble opens flat against dollar, euro on Monday MOSCOW: The Russian rouble opened broadly flat on Monday, trading little changed against the dollar and the euro. At 0703 GMT, the rouble traded unchanged at 58.00 against the dollar and 0.04 percent weaker at 72.24 versus the euro.Copyright Reuters, 2014 ...
Sterling dips as British data fails to impress LONDON: Sterling fell against the euro and was subdued against the dollar on Friday on growing evidence that Britain's economic growth is moderating, a factor that is likely to keep British interest rates lower for longer. Construction output fell 2.2 percent in October after rising by the same amount in September, the Office for National Statistics said on Friday.The euro was up 0.5 percent at 79.14 pence and on track for its first weekly gains ...
Turkish lira touches 11-month low ahead of Fed meeting ISTANBUL: The Turkish lira eased to an 11-month low against the dollar on Friday, as the US currency strengthened ahead of a meeting of the Federal Reserve next week and President Tayyip Erdogan renewed calls for interest rate cuts. Addressing a business forum in Ankara, Erdogan said interest rates and inflation were too high. He has repeatedly called for lower rates but the central bank has been reluctant to cut in recent months for fear ...
Canadian dollar hits 5-1/2-year low as oil prices continue slide LONDON: Oil-rich Canada's dollar hit a 5-1/2-year low against its US counterpart on Friday as oil prices slid further amid persistent concerns over a global supply glut and a bearish demand outlook. Brent crude fell to $63 per barrel, taking its losses to over 8 percent this week alone. The Organization of Petroleum Exporting Countries (OPEC), which accounts for a third of global oil output, cut its 2015 demand forecast this week, to the lowest ...
Swiss franc rises to 27-month high vs euro, threatening cap LONDON: The Swiss franc hit a 27-month high against the euro on Friday, buoyed by safe-haven inflows and after the Swiss National Bank on Thursday surprised some by keeping interest rates on hold and resisted preparing the ground for negative rates. The euro slipped to 1.20085 francs, its lowest since August 2012, taking it closer to the three-year old floor of 1.20 francs per euro imposed by the SNB to ward off deflation. Traders reported ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln