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Swiss franc steady as markets digest Cyprus bailout ZURICH: The Swiss franc was steady against the dollar on Monday and was little changed against the euro as relieved markets digested news of Cyprus' last-minute deal with international lenders to secure its bailout.The agreement, already endorsed by euro zone ministers, came just hours before a deadline to avert the collapse of Cyprus' banking system, which could have forced the island out of the euro zone.The Swiss franc has shadowed moves in the euro throughout the fraught Cyprus bailout talks. The Swiss National Bank has reiterated its determination to defend a 1.20 cap against the euro, imposed 18 months ago to stave off recession, while the risk remains that the euro zone crisis could flare up again."About the safest thing to say when looking at the price action in euro-franc over recent days and weeks is that the controversial news out of the Eurozone has not resulted in an increase ...

Euro rises, bunds cut gains on Cyprus-Greek deal on banks LONDON: The euro rose to a session high versus the dollar and recovered from a two-week low against the yen on Friday after the Cyprus said there was an agreement with Greece to spin off Greek units of Cypriot banks. The euro rose to $1.2945 and was up 0.3 percent on the day against the dollar. The euro also recovered from the two-week low against the yen of 121.44 yen to last trade at 122.38 ...
Sterling trades near five-week high vs euro on Cyprus woes LONDON: Sterling hit a five-week high against the euro on Friday, helped by an improvement in British economic data and mounting concerns about financial collapse in Cyprus.The euro fell to 84.84 pence in early trade, its lowest since Feb. 11, before paring losses to last trade close to flat on the day at 84.99 pence.Cyprus is running out of options to avert financial meltdown after talks in Moscow about a possible funding lifeline from Russia ...
Swiss franc holding as Cyprus stares default in the face ZURICH: The Swiss franc was steady against the dollar and the euro on Friday, as market focus remained firmly on Cyprus' efforts to solve its funding crisis and avoid a messy default which could force it out of the euro zone.Fraught negotiations to find a solution to Cyprus' funding woes pushed risk aversion higher, keeping the euro near four month-lows against the dollar and triggering selling of emerging currencies like the Korean won and the ...
Sterling rises as easing chances fade, susceptible to UK data LONDON: Sterling extended gains on Thursday after market expectation for looser policy from the Bank of England was pushed back as the Britain's finance minister did not change the central bank's remit as drastically as some had anticipated.Minutes from the latest BoE policy meeting, showing less support for further asset purchases, with some monetary policy committee members voicing concerns about the weak currency, also lifted the pound as investors who had bet against it were ...
Sterling rises to two-week high versus dollar LONDON: Sterling hit a two-week high against the dollar on Wednesday after a UK budget statement that did not give as much flexibility to the Bank of England as some market players had anticipated.The pound rose 0.6 percent on the day to $1.5187, its highest level since March 6.Some investors were also cutting long dollar positions before the conclusion of a US Federal Reserve meeting. Policymakers are expected to sustain stimulus measures to support the ...
NZ dollar jumps on stronger-than-expected GDP WELLINGTON: The New Zealand dollar jumped and debt prices fell on Thursday after data showed the economy grew much more than expected in the fourth quarter.The kiwi rose to a session high of $0.8283 from about $0.8225 before the data. The New Zealand currency appreciated broadly, climbing versus the Australian dollar, the yen and other currencies.It retraced some of the gains and was last tarding at $0.8260.Bank bills fell as much as four pips, while ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln