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Euro sinks to nine-year low, undermined by bets on ECB QE LONDON: The euro extended losses into a fifth day on Thursday, reaching a nine-year low, as investors ramped up bets the European Central Bank was getting closer to adopting quantitative easing to ward off deflation.A slump in German industrial orders in November and a drop in euro zone consumer inflation expectations reinforced bearish views of the single currency. So did concern that a Greek general election on Jan 25 would lead to a stand-off between Berlin and Athens over the austerity imposed on Greece. The euro fell to $1.17625, its lowest since December 2005 and close to $1.1747, the level at which it first traded, on Jan 4, 1999. Traders cited option barriers at $1.1750. "In the run-up to the ECB meeting on Jan. 22 we expect more euro short positions to be put in place. So while the euro has fallen, we think there is further room, given expectations ...

Sterling dips again ahead of BoE policy decision LONDON: Sterling fell another cent overnight to its lowest in 18 months, suffering from the mix of dollar strength, weaker UK growth prospects and political uncertainty that have seen it slump since the start of the year. Signs that Britain's economic recovery may be losing steam have prompted investors to push back the estimated timing of a first Bank of England interest rate rise into next year. Six months ago, many expected a move before ...
Sterling dips again ahead of BoE policy decision LONDON: Sterling fell another cent overnight to its lowest in 18 months, suffering from the mix of dollar strength, weaker UK growth prospects and political uncertainty that have seen it slump since the start of the year.Signs that Britain's economic recovery may be losing steam have prompted investors to push back the estimated timing of a first Bank of England interest rate rise into next year. Six months ago, many expected a move before the ...
Euro drops below $1.18 to hit 9-year low LONDON: The euro extended losses on Thursday to hit a 9-year low against the dollar, as investors ramped up bets the European Central Bank was getting closer to adopting a large scale quantitative easing programme to ward off deflation.A slump in German industrial orders in November reinforced bearish views of the single currency.The euro fell past reported option barriers at $1.18 to hit a low of $1.17915 on trading platform EBS. It was the single ...
Euro hovers near 9 years lows, undermined by ECB QE bets LONDON: The euro extended losses into a sixth straight day to trade near a nine-year low on Thursday, as investors bet the European Central Bank was getting closer to adopting quantitative easing to ward off deflation.A slump in German industrial orders in November reinforced bearish views of the single currency. So did concern that a Greek general election on Jan 25 would lead to a stand-off between Berlin and Athens over the austerity imposed on ...
Russian rouble strengthens after oil price stabilises MOSCOW: The rouble strengthened on Thursday morning after a firming of the oil price on Wednesday, following heavy falls in the Russian currency on Monday and Tuesday when crude prices tumbled.At 0740 GMT the rouble was 1.8 percent stronger against the dollar at 62.75, and 1.6 percent stronger at 73.70 against the euro.The rouble fell over 10 percent on Monday and Tuesday tracking tumbling prices for oil, Russia's major export. The Moscow Exchange was closed ...
Russian rouble opens up against dollar MOSCOW: The Russian rouble strengthened against the dollar at market opening on Friday after a firming of the oil price, following heavy falls in the rouble on Monday and Tuesday.At 0705 GMT the rouble was 0.8 percent stronger against the dollar at 62.75.Copyright Reuters, 2014 ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln