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Euro gains against dollar on robust PMI surveys LONDON: The euro rose for the third day running against the dollar on Tuesday, bolstered by better-than-expected euro zone business surveys that pointed to a broader recovery taking place in the currency bloc.The dollar was under pressure, with investors awaiting consumer price inflation data later in the day. A softer number, as was registered earlier on Tuesday in Britain, could boost expectations that the Federal Reserve will be in no hurry to raise interest rates.San Francisco Fed chief John Williams weighed in on the debate over the dollar's gains, saying the U.S. economy could handle a stronger currency and pointing to the chance of an interest rate rise in June.Other Federal Reserve officials, and new forecasts from the U.S. central bank, have cast doubt on how much more appreciation of the dollar the Fed will easily tolerate and raised speculation it will push back any tightening of monetary policy.The euro ...

Russia's rouble opens down as oil weighs MOSCOW: Russia's rouble opened broadly weaker on Tuesday after firming on Monday to its highest level against the dollar this year, with a decline in oil prices weighing on the Russian currency.At 0730 GMT, the rouble was around 0.1 percent lower against the dollar at 58.83. It was trading around 0.1 percent down at 64.34 versus the euro.Oil, Russia's chief export, dropped to $55.50 per barrel of Brent on Tuesday after activity in China's factory ...
Euro rises, dollar pegged back by Fed officials' comments LONDON: The euro rose on Monday, reversing early losses to build on its best weekly performance since late 2011 versus the dollar, which came under pressure after comments by U.S. Federal Reserve officials.St Louis Fed President James Bullard told CNBC on Monday that the dollar index was not far from fair value and it was unclear how much more the currency would strengthen against the euro.Analysts said the comments reflected some unease among policymakers at ...
Russia's rouble weaker on Monday, oil outweighs taxes MOSCOW: The Russian rouble was weaker in early trade on Monday, with a drop in crude prices outweighing higher demand for the currency due to monthly tax payments.At 0717 GMT, the rouble was around 0.3 percent weaker against the dollar at 59.48 and it was also around 0.1 percent lower at 64.20 versus the euro .Support for the rouble came from Russian exporters who need to convert their foreign currency revenues in order to pay ...
Euro weakens as long-term investors sell, Greece concerns on radar LONDON: The euro fell on Monday, unable to build on its best weekly performance since late 2011 versus the dollar, on concerns about whether Greece can reach agreement with creditors to secure fresh funds.European Central Bank President Mario Draghi was due to address a European Parliament committee, with Greece and the progress of the ECB's quantitative easing programme, which has pushed the euro lower recently, high on the agenda.Greek Prime Minister Alexis Tsipras' meeting with ...
Sterling falls on interest rate, election uncertainty LONDON: Sterling fell against the dollar and euro on Monday, as doubts over when UK interest rates will begin to rise and uncertainty over the outcome of a national election due in early May weighed on the currency.Bank of England Chief Economist Andy Haldane said last week the bank should be ready to cut interest rates further if inflation looked likely to fall too below its 2 percent target. The next policy move was as ...
Euro hits 3-week high against sterling, up 0.8 percent LONDON: The euro rose to its strongest in three weeks against sterling on Monday as investors cut short euro positions and an uncertain UK interest rate path and parliamentary elections in May weighed on the pound.Last week was the best for the euro since late 2011 against the dollar, boosted by a broad sell-off in the greenback after the U.S. Federal Reserve cut its growth forecasts and signalled signalled a later rise in interest rates ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln