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Dollar hits 7-week low vs euro ahead of Fed minutes LONDON: The dollar hit a seven-week low against the euro on Wednesday and its lowest level this year against a basket of currencies, weighed down by soft US data ahead of the release of minutes from the Federal Reserve's latest meeting. The euro rose as high as $1.37735 during Asian trading, its strongest level since January 2. The dollar later gained ground, leaving the euro last trading down 0.1 percent at $1.3744, with equity markets offering investors little direction. Tuesday's New York manufacturing and US housing data were the latest numbers out of the United States to disappoint investors, increasing pressure on the dollar. The numbers bolstered the case for the Federal Reserve to be patient in its tapering of its huge bond-buying programme, ahead of the minutes from the January policy meeting when the Fed opted to trim asset buying by another $10 billion. The data also pushed Treasury ...

Sterling falls, gilts up after rise in UK jobless rate LONDON: Sterling fell to a session low against the dollar and the euro while gilt futures extended gains on Wednesday after the UK jobless rate unexpectedly rose in the three months to December. Sterling fell to $1.6662 after the UK data was released from around $1.6722 beforehand. The euro was up slightly on the day, having hit a session high of 82.555 pence, from 82.25 pence before the data was released. Earlier, minutes from the ...
Rouble hits record lows on currency purchase plan MOSCOW: The rouble fell to record lows on Wednesday after news the finance ministry plans to buy nearly $6 billion in foreign currency on the market in coming months, decreasing the central bank's daily foreign exchange interventions.The ministry said on Tuesday it will buy $100 million each trading session via the central bank between Feb. 20 and May 31 to replenish one of its sovereign wealth funds.At 0605 GMT, the rouble hit an all-time low ...
Sterling dips after inflation falls below BoE target LONDON: Sterling weakened against the euro on Tuesday after UK inflation dropped below the Bank of England's target for the first time in more than four years, easing pressure on the central bank to raise interest rates. The euro, which hit a one-year low against the pound on Monday, rose 0.4 percent to 82.34 pence, putting it on course for its biggest daily gain in two weeks. The pound initially fell against the dollar from ...
Turkish lira firms, stocks gain on falling corporate fx demand ISTANBUL: Turkish lira firmed and stocks gained on Friday as corporates' demand for forex decreased, ending a period of aggressive dollar purchases due to political uncertainties, ahead of a central bank meeting on Tuesday. Turkey's central bank is expected to keep its key interest rates on hold after a dramatic hike in a emergency policy meeting on Jan. 29 called to halt the sharp slide in the lira. The lira traded at 2.1820 to the ...
Euro hits 3-week high vs dollar after German, French GDP LONDON: Better-than-forecast euro zone growth numbers helped push the euro to its highest level in almost three weeks versus the dollar on Friday as investors bet European Central Bank action to avert deflation next month was less likely. The single currency rose as high as $1.3715 after slightly stronger-than-expected growth in Germany and France pushed euro zone fourth-quarter GDP up 0.3 percent, above a forecast of 0.2 percent. The dollar was weak after softer-than-forecast US ...
Polish Jan M3 money supply up 5.5pc y/y, below forecast WARSAW: Poland's M3 money supply rose by an annual 5.5 percent in January, the central bank said on Friday, less than the 6.1 percent rise predicted by analysts in a Reuters poll. The money supply fell 1.6 percent on a monthly basis, the data also showed. M3 money supply is a broad measure of cash in circulation, money market funds and bank deposits with a term of up to two years. Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln