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Russian rouble hits boundary of announced central bank corridor MOSCOW: The Russian rouble has weakened to the level of 41.80 against a dollar-euro dollar-euro basket , the boundary of the corridor announced by the central bank. Earlier on Wednesday, the central bank said the corridor ranged from 34.80 to 41.80 from Feb. 18. The actual range of the corridor may differ because the central bank announces shifts a day after they occur. When the rouble falls to the edge of the corridor the bank makes unlimited interventions to support the rouble, up from $400 million a day when it is within 95 kopecks of the edge. The central bank moves the corridor by five kopecks each time it has expended $350 million in interventions.Copyright Reuters, 2014 ...

Dollar hits 7-week low vs euro ahead of Fed minutes LONDON: The dollar hit a seven-week low against the euro on Wednesday and its lowest level this year against a basket of currencies, weighed down by soft US data ahead of the release of minutes from the Federal Reserve's latest meeting. The euro rose as high as $1.37735 during Asian trading, its strongest level since January 2. The dollar later gained ground, leaving the euro last trading down 0.1 percent at $1.3744, with equity markets ...
Sterling falls, gilts up after rise in UK jobless rate LONDON: Sterling fell to a session low against the dollar and the euro while gilt futures extended gains on Wednesday after the UK jobless rate unexpectedly rose in the three months to December. Sterling fell to $1.6662 after the UK data was released from around $1.6722 beforehand. The euro was up slightly on the day, having hit a session high of 82.555 pence, from 82.25 pence before the data was released. Earlier, minutes from the ...
Rouble hits record lows on currency purchase plan MOSCOW: The rouble fell to record lows on Wednesday after news the finance ministry plans to buy nearly $6 billion in foreign currency on the market in coming months, decreasing the central bank's daily foreign exchange interventions.The ministry said on Tuesday it will buy $100 million each trading session via the central bank between Feb. 20 and May 31 to replenish one of its sovereign wealth funds.At 0605 GMT, the rouble hit an all-time low ...
Sterling dips after inflation falls below BoE target LONDON: Sterling weakened against the euro on Tuesday after UK inflation dropped below the Bank of England's target for the first time in more than four years, easing pressure on the central bank to raise interest rates. The euro, which hit a one-year low against the pound on Monday, rose 0.4 percent to 82.34 pence, putting it on course for its biggest daily gain in two weeks. The pound initially fell against the dollar from ...
Turkish lira firms, stocks gain on falling corporate fx demand ISTANBUL: Turkish lira firmed and stocks gained on Friday as corporates' demand for forex decreased, ending a period of aggressive dollar purchases due to political uncertainties, ahead of a central bank meeting on Tuesday. Turkey's central bank is expected to keep its key interest rates on hold after a dramatic hike in a emergency policy meeting on Jan. 29 called to halt the sharp slide in the lira. The lira traded at 2.1820 to the ...
Euro hits 3-week high vs dollar after German, French GDP LONDON: Better-than-forecast euro zone growth numbers helped push the euro to its highest level in almost three weeks versus the dollar on Friday as investors bet European Central Bank action to avert deflation next month was less likely. The single currency rose as high as $1.3715 after slightly stronger-than-expected growth in Germany and France pushed euro zone fourth-quarter GDP up 0.3 percent, above a forecast of 0.2 percent. The dollar was weak after softer-than-forecast US ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln