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Currencies rebound as euro regains some ground BUDAPEST: Central European currencies tracked the euro's rebound against the dollar on Monday after an early weakening on expectations that rising US interest rates will erode the appeal of emerging market debt.US economic output data on Friday stirred speculation that the Federal Reserve could start to raise interest rates sooner than expected.By contrast, interest rates are expected to stay at record low levels in Central Europe, and also in the euro zone, as central banks fight deflation risks and economic slowdown.The Romanian central bank is expected to cut its main interest rate by a quarter percentage point on Tuesday to 3 percent and Poland's central bank is seen reducing its 2.5 percent main rate next week.The Romanian leu eased 0.1 percent from Friday against the euro by 1420 GMT and the Polish zloty and the Czech crown were also a tad easier.Polish markets have priced in cuts of 100 basis ...

Sterling set for first daily fall vs euro in two weeks LONDON: Sterling was set for its first daily fall against the euro in two weeks on Monday, after data showed German inflation steadying in September and price rises slightly picking up speed in two German regions. Flash numbers for the euro zone as a whole due on Tuesday are expected to show inflation slowing to 0.3 percent this month, from 0.4 percent in August - well inside the European Central Bank's "danger zone" of below ...
Rouble continues slide, nears central bank support level MOSCOW: The rouble hit record lows against both the dollar and the dollar-euro basket on Monday, extending its recent slide amid strong demand for foreign currency and falling prices for oil, a major Russian export.The rouble is down some 20 percent against the dollar this year, bruised by capital flight after sanctions imposed over the Ukraine conflict and large foreign debt payments by Russian companies shut out of overseas capital markets.The Russian currency's decline has ...
Sterling slips vs dollar after UK mortgage approvals lag forecasts LONDON: Sterling edged down against a buoyant dollar on Monday after data showed British mortgage approvals fell more than expected in August, adding to signs that the housing market is coming off the boil.The Bank of England, which has been taking steps to cool the property market, said there were 64,212 mortgage approvals last month, the weakest figure since May.Earlier this year, BoE Governor Mark Carney said housing was the biggest domestic threat to Britain's ...
Dollar surges anew, euro zone data eyed LONDON: The dollar rose to new multi-year highs against the yen, euro and a basket of currencies on Monday, a three-month-old rally showing no signs of dissipating before a week of important economic set pieces.Employment numbers on Monday preface the month's biggest release in the United States, non-farm payrolls. They are expected to drive home the message sent by gross domestic product numbers on Friday of an increasingly robust recovery.By contrast, a first estimate of ...
Turkish lira at near 8-month low amid US rate hike fears ISTANBUL: Turkey's lira fell to its weakest level against the dollar in nearly eight months on Monday after strong U.S. data stirred fears in emerging markets of tighter monetary policy in the world's biggest economy.An increase in U.S. borrowing costs will make high-yielding but riskier emerging markets less attractive for investors. Turkey is especially exposed to global liquidity conditions because of its large current account deficit, which is driven by energy imports and financed by ...
Rouble hits new historic low vs dollar in early trade MOSCOW: The rouble hit a new all-time low against the dollar on Monday, hurt by a stronger U.S. currency and weakening oil prices, but Russian shares opened mixed as signs of progress in a gas-pricing dispute between Russia and Ukraine offered some support.At 0620 GMT, the rouble was 0.47 percent weaker against the dollar at 39.36 and lost 0.57 percent to trade at 49.90 versus the euro.That left the currency 0.52 percent weaker at 44.10 ...

 



 
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