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Euro gains vs US dollar; yen drops as G20 meets NEW YORK: The euro edged higher against the dollar on Thursday as more signals of a weakening US economic recovery lifted it from its biggest daily drop in 10 months in the previous session.The yen slipped against the dollar and euro as investors believed Japan was unlikely to face much criticism of its aggressive monetary easing at a meeting of the Group of 20 countries beginning on Thursday in Washington.The euro lost 1.1 percent on Wednesday, its worst daily performance since June, after European Central Bank Governing Council member Jens Weidmann was quoted by the Wall Street Journal as saying the bank could ease policy further if economic data warrants it."The keys to the euro going forward should be squarely in the hands of euro zone data. A continued stream of lackluster data would strengthen the case for an ECB rate cut and weigh on the euro," said Joe Manimbo, ...

Sterling firm, but vulnerable if UK retail sales data disappoints LONDON: Sterling rose against a weaker dollar on Thursday, although its rise could run out of steam if British retail sales data disappoints, painting another bleak picture for the economy.While forecasts point to a drop in consumer spending due to unusually cold weather in March, a worse-than-expected number could revive concerns that the UK economy slipped into recession in the first quarter of the year. That will keep alive expectations of more quantitative easing by ...
Euro recovers but seen vulnerable, yen stays weak LONDON: The euro edged up on Thursday, staying above key chart support at $1.30 but it remained vulnerable after falls the previous day on talk of more monetary easing by the European Central Bank.The yen steadied, though market participants still expected it to push lower due to aggressive monetary easing in Japan. But its falls were expected to be slow as the dollar faced stiff chart resistance before the 100 yen mark.The euro was up ...
Euro down on ECB rate cut talk; yen dips before G20 NEW YORK: The euro headed on Wednesday for its biggest daily decline against the dollar in nearly a year, weakened by talk of a euro zone interest rate cut, while signs of economic malaise in Britain and Canada added to the US currency's appeal.The yen also slipped against the dollar, with officials at a weekend Group of 20 meeting not expected to scold Japan for a monetary policy that has led to a sharp slide ...
Sterling subdued before BoE minutes, outlook clouded LONDON: Sterling edged lower against the dollar and euro on Wednesday, with demand muted ahead Bank of England minutes that will be scrutinised for any clues on the likelihood of further monetary easing.Market players expect the minutes will show policymakers voted 6-3 in favour of keeping asset purchases on hold at 375 billion pounds in April, as they did the two previous months.Analysts said that could give a marginal boost to the pound, although worries ...
Swiss franc lower vs dollar on weaker risk appetite ZURICH: The Swiss franc ticked lower against the dollar on Wednesday as a sell-off in mining companies weighed on European equities and dented risk appetite, pulling the safe haven greenback off the previous session's 8-week low against the franc.Supporters of the franc stayed on the sidelines after Swiss National Bank Vice Chairman Jean-Pierre Danthine said in a speech on Tuesday evening that a credit boom that had pushed up real estate prices could easily turn ...
Euro hits one-month high versus sterling after UK jobs data LONDON: The euro hit a one-month high against sterling on Wednesday, tracking a rise in the euro against the dollar as the pound also came under pressure from a rise in the UK unemployment rate.The euro rose 0.4 percent on the day to 86.145 pence, its highest level since March 15.The pound also hit a session low against the dollar of $1.5302, from $1.5323 before the data was released.Bank of England minutes released at the ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln