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Swiss franc extends gains to hit 26-month high, SNB cap in focus LONDON: The Swiss franc hit a 26-month high against the euro on Tuesday, bringing it ever closer to the Swiss National Bank's three-year old cap of 1.20 francs per euro, triggering talk that the central bank might intervene to weaken the currency.The euro fell to 1.2021 francs on trading platform EBS, its lowest since early September 2012, as hedge funds and speculators continued to target the floor.Traders cited bids building up between 1.2017 and 1.2020 francs, which could limit the Swiss currency's gains.The single currency has been struggling across the board as the euro zone's economic woes continue and as the threat of deflation fuels expectation that the European Central Bank will have to resort to further monetary easing.The SNB has successfully kept a lid on the franc's gains since it introduced the cap and says it has not had to intervene to reinforce it for more than two years.But ...

Dollar lower, franc within sight of SNB ceiling vs euro LONDON: The dollar made a poor start to the week on Monday, with some investors still seeing Friday's weaker than expected U.S. jobs numbers as an excuse to pause after three strong weeks of gains.The Swiss franc was back on the verge of the central bank's 1.20 franc ceiling versus the euro after another week that highlighted the euro zone's problems.The fundamental picture remains in favour of further gains for the greenback, with Japan again ...
Russian central bank abandons rouble trading band, floats rouble MOSCOW: The Russian central bank said on Monday it had abandoned the rouble's trading corridor, allowing the currency to float freely.The rouble has slumped nearly 30 percent against the dollar this year as plunging oil prices and Western sanctions over the Ukraine crisis reduced Russia's exports and investment inflows.At 0925 GMT, the rouble was 2.8 percent stronger versus the dollar on the day and 2.6 percent firmer against the euro.The central bank says it will ...
Sterling firm; UK wage data, BoE inflation forecasts key LONDON: Sterling climbed on Monday, holding above a 14-month low hit against the dollar at the end of last week, with British wage data and a quarterly report on inflation from the Bank of England on investors' radar.If Wednesday's wage data shows subdued growth, that would boost market expectations that the first rate hike from the BoE is not likely until the second half of 2015, keeping sterling under pressure.The same day's Inflation Report could ...
Swiss franc hits 2-year high vs euro, edges towards SNB cap LONDON: The Swiss franc hit a two-year high against the euro on Monday, edging ever closer to the Swiss National Bank's three-year old cap of 1.20 francs per euro, as the single currency's struggles continued.The euro fell to 1.20215 Swiss francs on trading platform EBS, its weakest since September 2012.The SNB has successfully kept a lid on the franc's gains since it introduced the cap and says it has not had to intervene to reinforce ...
Dollar firm near 4-1/2-year high before US jobs test LONDON: The dollar firmed to near a 4-1/2 year high against a basket of currencies on Friday, with its near-term fortunes hinging on whether US jobs data due later in the day will endorse optimism about the US economy.Recent US data has remained strong, especially labour market indicators, suggesting that the unemployment rate is due for a sharp decline.That would be likely to bolster views that the US Federal Reserve is on course to raise ...
Turkish lira hits 3-week low versus dollar before payrolls ISTANBUL: Turkey's lira fell to a three-week low on Friday as the dollar stayed strong before US jobs data later in the day, hampering sentiment towards riskier assets. The dollar set a four-year high against a basket of major currencies on Friday, buoyed by the view that the US Federal Reserve is on course to raise interest rates next year in response to a steadily recovering US economy. Solid gains in US nonfarm payrolls are ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln