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Sterling off 8-mth low versus euro, but gains seen muted LONDON: Sterling recovered from an eight-month low against the euro on Friday as some investors such as macro funds sold into the common currency's recent rally and booked profits before the year end.   Gains for the British pound were likely to be capped by uncertainty about UK recovery and expectations that the Bank of England may have to ease monetary policy early next year.   The euro was last down 0.5 percent on the day at 81.80 pence, having earlier risen to 82.25 pence, its highest since mid-April.   Traders saw near-term resistance at 82.43, the high reached on April 18, and a sustained break above that level could see the euro reach 82.765 pence, the high hit on April 10.   "There seems a bit of a euro selloff as we approach year end," said a London-based spot trader. "Below 81.70 pence, a few positions may be squeezed, but a sustained move down is unlikely."   The pound's ...

Euro falls as investors take profit on recent gains: FOREX LONDON: The euro fell against the dollar on Friday, the last full day of trading for the year in Europe, as investors took profit on its recent gains, while investors focused on US budget talks.   The euro was down 0.4 percent on the day at $1.3183, having slipped to a session low of $1.3166 when traders said it broke below stop loss sell orders around $1.3170.   Although analysts partly attributed the euro's drop to year-end dollar demand ...
Aussie dlr leaps to new heights vs yen on weak Japanese data  SYDNEY/WELLINGTON: The Australian dollar rose to its highest against the yen in 20 months on Friday as weak Japanese economic data only reinforced speculation the country's central bank will have to take bold measures to jumpstart the ailing economy.  Still, the growth-linked Antipodean currencies were outpaced by the US dollar and euro as investors squared positions before the end of the year.   The Australian dollar climbed to 89.83 yen, its strongest since April 2011, showing gains ...
Turkish shares off record highs, lira eases  ISTANBUL: The Turkish lira was a touch weaker and bond yields edged up in thin trade on Thursday, with volumes expected to stay low until the end of the year.   Istanbul's main share index was up 0.32 percent at 78,240 points, after earlier hitting its highest ever level of 78,381.73 points in thin trade and outperforming a rise of 0.27 percent in the global emerging markets index.    "In the last trading days of the year, Istanbul stock ...
Turkish lira firms, shares up in extremely thin trade  ISTANBUL: The Turkish lira firmed slightly against the dollar and shares hit a record high in extremely thin post-Christmas trade on Wednesday, while bond yields inched up.   By 1535 GMT, the lira stood at 1.7925 to the dollar , from 1.7944 late on Tuesday. Against its euro-dollar basket it eased to 2.0830, from 2.0803.   The yield on the two-year benchmark bond closed at 6.08 percent, from Wednesday's close at 6.05 percent.   Istanbul's main share index closed up 0.51 ...
Yen down as Japan gets a new government; US shares gain NEW YORK: The yen fell to a 20-month low against the dollar on Wednesday after Japan swore in a new prime minister who has promised aggressive stimulus measures to rein in deflation, while US stocks and oil rose in thin trading.   The dollar rose to a 20-month high of 85.48 yen on trading platform EBS following the swearing-in of Shinzo Abe as premier. Traders eyed the dollar's 2011 high of 85.53 yen as the next target.   Abe ...
Yen slips on Abe comments, US fiscal cliff in focus LONDON: The yen fell on Monday to trade near a 20-month low against the dollar after incoming prime minister Shinzo Abe heaped fresh pressure on the Bank of Japan to adopt a higher inflation target.   The yen, which rose on Friday as some investors trimmed large bets against it, was weighed down by Abe's comments on Sunday that he would try to revise a law guaranteeing the BOJ's independence if his demand for a binding 2 ...

 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln