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Dollar climbs to 6-year high vs yen, FX volatility soars LONDON: The dollar hit a six-year high against the yen while trouncing the Australian dollar and several emerging currencies on Wednesday, the latest sign of a long-awaited return of volatility to the world's biggest financial market.Volatility, which tends to drive volumes of trade by drawing more players into an asset class, is the lifeblood of returns in the currency market and has been reduced to all-time lows by the era of rock bottom interest rates.The surge in market moves in the past month has been most visible on sterling and another bout of nerves around Scottish independence on Wednesday saw one-month volatility jumping to more than 11 percent, the highest in three years.Implied volatility on the euro and yen are also heading in the same direction , driven by moves to price in a rise in U.S. interest rates for next year when central banks in Europe and Japan are ...

Swiss franc drops after report on SNB negative rates LONDON: The euro jumped to a three-week high of 1.21165 Swiss francs on Wednesday after a report cited Swiss National Bank official Thomas Moser as saying the bank remained open to making interest rates negative."We have always said this is a possibility," the Wall Street Journal quoted Moser as saying on the sidelines of an event in Hamburgh. "We're never shy about it...we always said we would use it if needed."The dollar also added to ...
Russian rouble sinks on cheaper oil, sanctions uncertainty MOSCOW: The rouble slid on Wednesday, dragged down by the strengthening dollar, falling oil prices and continuing uncertainty over the European Union's new sanctions package against Russia.At 1430 GMT the rouble was down 0.65 percent against the dollar to 37.34 and down 0.49 percent to 48.28 versus the euro, leaving the rouble down 0.55 percent at 42.27 against the dollar-euro basket.Moves in Russian stock indexes largely reflected the weaker rouble, with the dollar-denominated RTS index ...
Swiss franc drops on SNB negative rate fears LONDON: The Swiss franc fell by the most in six months against the euro on Wednesday after comments from the Swiss National Bank which made no change to its position on policy but played on some market speculation of a move to negative interest rates.The franc fell to a three-week low of 1.2119 francs per euro after the Wall Street Journal cited Swiss National Bank official Thomas Moser as saying the bank had always said ...
Scotland uncertainty keeps British pound volatile LONDON: The pound recovered from a 10-month low against the dollar and a three-month trough against the euro on Wednesday as the market paused for breath after a week-long sell off on fears Scotland will vote for independence.Sterling got a slight boost from Bank of England chief Mark Carney, who reiterated in comments to lawmakers that the central bank was inching towards a tightening of monetary policy.But any uptick was likely to be temporary given ...
Turkish lira hits weakest in 5 months after GDP growth less than expected ISTANBUL: The Turkish lira hit its weakest level in more than five months on Wednesday, trading at 2.21 against the dollar, after economic growth came in slower than expected in the second quarter and the U.S. currency rose against major currencies.Gross domestic product (GDP) in the second quarter expanded 2.1 percent year-on-year, according to official data, less than a Reuters poll forecast of 2.65 percent growth.The main share index fell 0.77 percent to 79,459.26, compared ...
Dollar climbs to 6-year high vs yen, Aussie slumps LONDON: The dollar rose to a six-year high against the yen on Wednesday while the Australian dollar nursed a second session of heavy losses as U.S. Treasury yields ground higher.The U.S. currency's steady march higher since the start of July is broadly intact, driven by a tightening of market expectations on Federal Reserve interest rates.A study by Fed researchers earlier this week convinced many investors of the need to bring forward expectations for the timing ...


ArrowDJIA 17,071.22 0.25
ArrowNasdaq 4,505.85 0.14
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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln