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Strong dollar hits 3-1/2-year high LONDON: The dollar hit a 3-1/2-year high against the yen and rose against its currency basket on Friday, buoyed by hopes that the US labour market is on the mend and the Federal Reserve may tone down its ultra-loose monetary policy.Those expectations also drove the dollar up against the euro.The common currency rose on Thursday after European Central Bank President Mario Draghi gave less dovish policy signals than some in the market expected.But while it extended gains against the yen on Friday, it lost ground to the dollar, with the still generally grim outlook for the euro zone economy supporting expectations the ECB may eventually lower rates.The yen seems likely to stay under pressure as investors look past the Bank of Japan's steady policy decision on Thursday to its April meeting, where new officials are expected to take aggressive action to beat deflation.The dollar rose 0.7 percent to 95.51 yen, ...

Gilts dive after Bank of England holds fire on QE         LONDON: British government bonds endured their sharpest fall in three weeks on Thursday after the Bank of England shied away from restarting its programme of gilt purchases.   June gilt futures fell 63 ticks to 116.13, underperforming Bund futures and ending the session at their lowest level this month.   Disappointing news on Britain's economy and dovish rhetoric from the central bank last week had prompted a rush to bet on more QE, helping gilts notch up their best ...
Australia dollar tops 4-yr high on yen, retreats vs euro         WELLINGTON/SYDNEY: The Australian dollar lost ground to the euro on Friday as central banks in the euro zone and Britain disappointed easing expectations, but vaulted to four-and-a-half year highs on the yen as Japan remains a sure bet for more stimulus.   Immediate focus on China trade figures, and particularly the export and import numbers. The New Year holidays will make it hard to draw conclusions, but any perceived weakness could pressure the Aussie.   NZ has data on ...
Euro rebounds as Draghi quashes easing expectations   NEW YORK: The euro rallied on Thursday, on track for its largest one-day gain in two months against the dollar, as European Central Bank President Mario Draghi gave no indication the bank would cut interest rates further in the euro zone.   The ECB, which kept interest rates steady, had been expected to lower its inflation and growth forecasts, giving Draghi room to cut rates and support recession-hit economies in the coming months. The bank did lower ...
Euro slides vs dollar as ECB seen signaling future easing   NEW YORK: The euro weakened against the dollar on Wednesday, a day before a European Central Bank monetary policy meeting, pressured by expectations the bank may flag future interest-rate cuts.   The ECB is widely expected to keep policy unchanged at its meeting on Thursday, though President Mario Draghi may use the news conference afterwards to hint at future policy easing. Projections for both growth and inflation in the euro zone are likely to be on the ...
Dollar extends gains vs yen, trades above 94 yen, a 1-week high   NEW YORK: The dollar hit a one-week high against the yen on Wednesday on technical buying and optimism about US economic prospects.   The greenback hit 94.08 yen, its highest since Feb. 25, with traders taking out minor stops above 94 yen. There are bigger stops in the 94.50 area, they said, which when triggered could further extend the dollar's gains. The dollar was last at 94.05, up 0.8 percent on the day.   Broad market optimism about the US ...
Euro falls to session low versus dollar LONDON: The euro gave up gains against the dollar on Tuesday, falling to a session low on reported selling by a macro fund, traders said. The euro hit a session trough of $1.3016, before recovering to last trade close to flat on the day at $1.30295. Copyright Reuters, 2013 ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln