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Euro hit by concerns over tougher Russia sanctions, diverging rate outlook LONDON: The euro hit an eight-month low against the dollar on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth drove investors away from the single currency.The euro also fell against sterling, which was supported ahead of the latest minutes from the Bank of England's Monetary Policy Committee, due at 0830 GMT. Markets will be looking for any signs of when an interest rate hike might come, with any move to a more hawkish tone likely to boost sterling further.The Australian dollar rose over half a percent against the U.S. dollar, boosted by a higher-than-expected reading of a key gauge of underlying inflation in June, denting market speculation of future rate cuts.The euro's weakness was broad-based, dropping to its lowest in nearly two years against the British pound. The single currency fell to 78.83 pence, its lowest since August 2012.Against the dollar, ...

Sterling falls, BoE minutes fail to boost rate hike expectations LONDON: Sterling fell from near two-year highs against the euro on Wednesday while gilt futures rose after minutes from this month's Bank of England policy meeting proved less hawkish than some in the market had anticipated.The minutes showed that BoE officials discussed whether there was a case for an early interest rate rise, but there were concerns about hurting the recovery. The nine members of the Monetary Policy Committee voted unanimously to keep interest rates ...
Euro falls to 8-month low versus dollar, 2 year trough vs sterling LONDON: The euro hit an 8-month low against the dollar on Wednesday on diverging interest rate outlooks for the United States and euro zone and a view that the euro zone economy would be hurt by further sanctions on Russia. The euro's weakness was broad-based. It hit its lowest since August 2012 against the British pound - 78.83 pence, with some investors positioning for hawkish minutes from the Bank of England later in the day. ...
Dollar index rises to 6-week high LONDON: The dollar index rose to a six-week high on Tuesday, buoyed by its gains against the euro as speculators bet on a robust inflation reading in the United States to contrast with the very low price growth in the euro zone.Both headline and core consumer price index rates are seen steady at 2.1 percent and 2.0 percent respectively, with stronger data likely to push the euro below key support in the $1.3475/80 area, traders ...
Sterling near two-year high vs euro, caution on Scotland LONDON: Sterling edged towards a two-year high against the euro on Tuesday as hedge funds and speculators sold the single currency against the dollar and pound, betting euro zone monetary policy would stay loose.The risk of a surprise in September's referendum on independence for Scotland kept two-month sterling/dollar implied volatility close to Monday's five-week highs.While recent UK economic data has been mixed, June inflation was a higher-than-expected 1.9 percent, just shy of the Bank of ...
Britain opens criminal probe into foreign exchange rigging LONDON: Britain's fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange markets.The investigation into "fraudulent conduct" comes after EU, British, and US and other regulators have levied huge fines on some of the world's biggest banks and investment houses for manipulating financial markets worth trillions of dollars."The director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent ...
Euro recovers against dollar; yen supported as stocks slip LONDON: The euro climbed against the dollar on Monday as subdued U.S. yields capped the greenback, while the yen was supported by safe-haven inflows.Volumes, though were light due to a holiday in Japan. Germany's stock index dropped 1 percent in early European trade to a two-month low, helping the yen, which is often sought during times of financial market stress and uncertainty over growth.The euro eased 0.1 percent against the yen to 136.92 yen , ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln