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Yen weakness to persist, 100 per dollar beckons LONDON: The yen's slide still has momentum after three months, with more investors emboldened to take bets against the currency as they position for a shift to a much looser fiscal and monetary policy in Tokyo.   Some expect the yen to fall to 100 per dollar in coming months, a level last seen in April 2009, from around 89 currently, as new Prime Minister Shinzo Abe's administration prepares to pump-prime the economy by issuing more bonds and pile pressure on the Bank of Japan to print more yen.   There is also speculation BOJ chief Masaaki Shirakawa, who retires in April, will be replaced by someone more amenable to Abe's wish for a much more aggressive monetary policy setting.   In addition to doubling the inflation target, a measure the BOJ adopted on Tuesday, the government has spoken of steps such adding employment to the central bank's mandate of price stability and possible changes to ...

Euro has potential to hit 1.30 Swiss francs LONDON: The Swiss franc has scope to weaken to 1.30 against the euro in the first quarter of 2013 as investors' cautious optimism towards the euro zone reduces the franc's appeal as a safe haven.   Huge bets that relied on the franc holding firm were built up as the currency spent month after month pinned near the 1.20 ceiling imposed by the Swiss National Bank since September 2011.   But a marked weakening in the franc in the ...
Swiss franc lower vs euro on improving euro zone outlook ZURICH: The Swiss franc eased against the euro in early trading on Tuesday as signs of improving conditions in the euro zone continued to buoy the single currency and weighed on the safe haven greenback.   Until recently, the franc had traded largely in tandem with the euro since September 2011, when the Swiss National Bank imposed a 1.20 per euro cap after the soaring franc had threatened to push Switzerland's economy into recession.   After trading in a ...
Euro hits 11-month high versus struggling pound LONDON: The euro extended gains into a fifth straight session on Tuesday to hit a 11-month high against sterling, with the British pound hurt by grim prospects for an economic recovery in the UK.   The euro was up 0.2 percent at 84.36 pence, its highest since late February with the common currency also buoyed by a reversal of safe-haven inflows that bolstered the British pound during the euro zone debt crisis last year.   Worries about the euro ...
Zloty hits two-month low on rate cut prospects BUDAPEST/PRAGUE: Poland's zloty fell to a fresh two-month-low against the euro on Monday after two hawkish policymakers signalled their support for near-term interest rate cuts to aid the economy.   Central banks are in sharper focus in emerging European markets, with the forint under pressure over impending changes at Hungary's central bank and investors watching for clues on whether the Czech bank might intervene against the crown.   The zloty lost up to half a percent after Polish rate ...
Sterling weak as investors brace for poor UK data LONDON: Sterling hovered near a 10-month low against the euro on Monday and looked vulnerable as market players braced for data expected to show the UK economy contracted in the fourth quarter.   In Asian trade, the pound fell to its lowest since mid-March against the euro and hit a nine-week low versus the dollar, dragging its trade-weighted index to a 9-1/2 month trough.   It partly recovered later after failing to breach key chart support levels. But the ...
Zloty hits two months low BUDAPEST: Poland's zloty fell over half a percent on Monday to hit a fresh two-month-low to the euro after two hawkish central bank rate-setters signalled their support for near-term policy easing to aid the economy.   At 1144 GMT, the zloty was down 0.5 percent, followed by the Romanian leu and the Croatian kuna which shed 0.3 percent each.   The Czech crown and the Hungarian forint gained 0.1-0.2 percent.   Poland's Adam Glapinski, a strong advocate of tight monetary policy ...

 



 
Index Closing Chg%
Arrow DJIA 17,031.14 0.26
Arrow Nasdaq 4,518.90 1.07
Arrow S&P 1,984.13 0.07
Arrow FTSE 6,804.21 0.04
Arrow DAX 9,659.63 0.09
Arrow CAC-40 4,428.63 0.29
Arrow Nikkei 15,948.29 0.25
Arrow H.Seng 24,356.99 0.97
Arrow Sensex 26,816.56 0.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln