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Sterling tops $1.62 after dollar retreat LONDON: Sterling rose above $1.6200 for the first time in a week on Thursday, extending overnight gains in early European trade after the US Federal Reserve sent a warning shot about the dollar's three-month march higher. Sterling gained another 0.2 percent compared to Wednesday's US close of trade at $1.6208 and was up almost 2 full cents compared to prices late in the previous session in Europe. The pound was suffering against the euro, however, the single currency trading just off three week highs around 79.00 pence.Copyright Reuters, 2014 ...

Dollar hits 3-week low vs yen as dovish Fed minutes takes a toll LONDON: The dollar fell to a three-week low against the yen on Thursday, as investors cut favourable bets after minutes of the Federal Reserve's last meeting prompted many to push out expectations for the likely timing of an interest rate rise.US Treasury yields and the implied rates on Fed fund futures fell sharply after the minutes with the market not seeing any appreciable rise in the Fed's target rate until around September 2015, from ...
Euro at 1 month low vs yen on growth worries, Fed minutes eyed LONDON: The euro weakened on Wednesday, slipping against a broadly rising dollar and hitting a one-month low against the safe-haven yen on deepening worries about euro zone growth prospects and the looming threat of deflation. Spain posted the weakest industrial output growth for almost a year early in European trading, but the dominant focus for markets remained an International Monetary Fund report from Tuesday that flagged the risk of deflation and the euro zone entering ...
Sterling weakens on fresh evidence of slowing inflation LONDON: Sterling fell against the dollar on Wednesday, after two days of gains, on signs of easing British inflation which could allow the central bank to keep interest rates low. The Bank of England's Monetary Policy Committee starts a two-day meeting on Wednesday and is expected to keep rates at record lows.The BoE has opted to keep policy ultra-loose, despite a sustained economic recovery, as wages are still subdued. On Wednesday, there was more evidence ...
Rouble opens down versus dollar, Russian shares fall further MOSCOW: The rouble was slightly weaker against the dollar on Wednesday but stronger against the euro, while Russian shares fell for a second day, following global markets hit by weak euro zone data. At 0615 GMT the rouble was 0.17 percent weaker against the dollar at 39.97 but gained 0.2 percent to 50.5 versus the euro. That left the currency flat at 44.70 against the dollar-euro basket the central bank uses to gauge the rouble's ...
Sterling slides below $1.60 for first time in 11 months LONDON: Sterling slumped below $1.60 for the first time in 11 months on Friday and was on track for its biggest weekly fall in over a year, after data showed the US joblessness rate fell to a six-year low in September. Friday's employment report is the most significant gauge of the US economy's health ahead of Nov. 4 mid-term elections, and will bolster bets on the Federal Reserve increasing interest rates in mid-2015.The dollar climbed ...
Sterling on the defensive after UK services PMI disappoints LONDON: Sterling slipped to a 10-day low against the euro and a three-week trough against the dollar on Friday after data showed the expansion in Britain's services sector eased more than expected last month. The purchasing managers index for the UK's services sector hit a three-month low, dropping slightly more than economists had forecast in a Reuters poll and raising the prospect of an end-of-year slowdown. A broader index covering the whole of the private ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln