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Sterling hits 20-month low vs dollar as UK industrial data weighs LONDON: Sterling fell to a 20-month low against a buoyant dollar on Wednesday, with weaker-than-expected UK industrial data slightly dimming some of the recent optimism about the British economy.Industrial output fell by a monthly 0.1 percent, compared with a forecast for a 0.2 percent increase from economists taking part in a Reuters poll. Manufacturing output slid 0.5 percent in January from December.The National Institute of Economic and Social Research (NIESR) later kept growth forecasts for the three months to February flat at 0.6 percent, disappointing some traders who were expecting a higher number.Sterling fell 1 percent to $1.4929, its lowest since July 2013. It also cut gains against the euro, having hit a 7-year high of 70.145 pence against the struggling euro earlier in the day.The euro has been hit broadly since the European Central Bank kicked off its 1.1 trillion euro asset-buying programme at the start of the week. ...

Forint, zloty rebound as yield rise invigorates bonds BUDAPEST: Central European government bonds and currencies rebounded on Wednesday after a sharp fall in the previous session when a surge in the dollar made some investors rearrange positions.The European Central Bank's asset buying in the euro zone could create additional demand for Central European government bonds as well. But some investors dumped the region's bonds on Tuesday, finding US Treasuries more attractive."The ECB and the US factors struggle with each other and Europe still ...
Poland's zloty falls 1 percent versus euro WARSAW: Poland's zloty fell about 1 percent against the euro on Tuesday hit along with other emerging market currencies by concerns that the U.S. Federal Reserve will launch interest rate hikes."Nothing on the domestic side seems to be driving the fall," said Henrik Gullberg, FX strategist at Deutsche Bank.He said he is constructive on the zloty's outlook over the coming months given Poland's solid economic fundamentals, euro zone's quantitative easing programme and a likely end ...
Sterling hits seven-year high vs euro on divergent policy bets LONDON: Sterling hit a seven-year high against the euro on Tuesday as traders bet on a divergent monetary policy path between the euro zone, where a 1.1 trillion euro asset purchase programme began this week, and Britain.Less than two months before the most uncertain UK parliamentary elections in decades, the cost of hedging against sharp swings in the pound rose sharply.While the European Central Bank has started flooding the euro zone with money to boost ...
QE effect sinks euro to near 12 year low below $1.08 LONDON: The euro sank below $1.08 for the first time in almost 12 years on Tuesday, as dollar gains brought into focus a run towards parity that most major banks had not expected until next year. The yen also fell, burdened by efforts to revive inflation in Japan as well as by the grim outlook for most of the world economy outside the United States. An almost 5 percent fall in factory prices in China ...
Euro falls over 1 pct to 12-year low versus dollar on ECB QE LONDON: The euro fell more than 1 percent against the dollar on Tuesday to its weakest since April 2003 on the second day of an asset purchase programme that will pump over 1 trillion euros into the euro zone economy. The euro fell to $1.07305, down 1.1 percent on the day.It also fell 0.9 percent to a six-week low of 130.305 yen. "The initiation of the ECB's QE programme has put downward pressure on the ...
Dollar sees profit-taking after 11-year high; outlook robust LONDON: The dollar paused after hitting an 11 1/2-year high against a basket of currencies on Monday, but expectations the Federal Reserve will raise interest rates soon are likely to underpin the greenback.Surprisingly strong U.S. jobs data on Friday increased the chances the Fed will raise rates in mid-year. That pushed Treasury yields higher and widened their gap with government bonds from Japan and the euro zone.The yield spread fuelled the greenback's rally last week, ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
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