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Dollar at 5-month low below 34 roubles after Ukraine ceasefire MOSCOW: The US dollar has fallen to below 34 Russian roubles for first time since Jan. 23.The rouble weakened to 36.71 to the dollar in mid-March as international tensions around Ukraine escalated, but has since recovered ground. Late on Monday, Ukraine's eastern pro-Russian rebels agreed to observe a ceasefire with government forces at least until Friday morning to allow peace talks to proceed. At 0615 GMT the rouble was trading at 33.95 against the dollar. Copyright Reuters, 2014 ...

Polish zloty holds ground, but political turmoil weighs BUDAPEST: The zloty regained some ground on Monday from the losses caused last week by domestic political turmoil, but investors remained cautious about Polish assets.Poland, which has the region's biggest economy, has been rocked by a slew of leaked secret recordings of senior officials. The controversy continued on Monday after new transcripts emerged during the weekend.Polish Prime Minister Donald Tusk said last week that calling an early election was an option if no other way ...
Turkish lira firms up on view central bank may cut rates but keep liquidity tight ISTANBUL: Turkey's lira firmed on Monday on the view that the central bank, which may cut interest rates on Tuesday despite rising oil prices, will nevertheless keep liquidity tight to support the currency.Turkey's central bank was expected to cut the one-week repo rate by 50 basis points at a meeting on Tuesday, despite fighting in Iraq driving up oil prices, which pushes up inflation in energy importer Turkey.The bank has been under pressure from the ...
Sterling near recent highs, boosted by weak euro zone data LONDON: Sterling started the week on a strong footing, gaining against the euro as subdued economic data highlighted the divergent outlooks for monetary policy at the European Central Bank and the Bank of England.German service-sector business activity grew more slowly in June and new orders rose at a slightly weaker rate, a report showed on Monday. French business activity shrank more than expected and the wider euro zone private sector also slowed, all of which ...
Euro dips on data; Aussie and Kiwi jump LONDON: Optimism over China's economic prospects drove the Australian, New Zealand and Canadian dollars higher on Monday, while the euro struggled to make headway after some softer business- sentiment surveys.HSBC's monthly survey of purchasing managers pointed to the first expansion in six months by China's manufacturing sector, which is crucial to the world's growth prospects and demand for a wide range of commodities.That offered relief to investors fretting about the health of Australia's biggest export ...
Sterling heads for third straight week of gains against dollar LONDON: Sterling hovered within touching distance of a 5-1/2-year high against the dollar on Friday, heading for its third consecutive week of gains on rising expectations that Britain will raise interest rates before the United States. Data on Friday showing the UK's public finances with a bigger-than-expected deficit did little to dent confidence in sterling, which was trading at $1.7061, just shy of the 5-1/2-year high of $1.7064 hit on Thursday.Any hopes among dollar bulls ...
Dollar wins a reprieve, but Fed outlook should keep it penned up LONDON: The dollar inched up on Friday, helped by gains against the safe-haven yen, but it was still headed for its worst week since early May against a basket of currencies after the Federal Reserve's surprisingly dovish policy outlook. In contrast, the Bank of England's hawkish bias widened the yield gap between two-year British gilts and US Treasuries, helping the pound to trade near 5 1/2- year highs against the dollar. "Sterling is a favourite ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln