Just in:  

You are here: Home»Markets»FXMM»Middle East & Africa

Middle East & Africa


South Africa's rand weakens as investors bet on Fed hike, stocks up JOHANNESBURG: South Africa's rand was on the backfoot against the dollar on Thursday, turning in the second-weakest performance in a basket of 25 emerging market currencies offloaded by investors bracing for higher US rates. Stocks ended slightly firmer with bourse heavyweight Anglo American among the biggest gainers as metal prices cruised higher. The rand fell 1 percent to a session low of 14.2900 per dollar, and was 0.9 percent softer at 14.2750 by 1534 GMT, compared with Wednesday's close. The local unit, which is vulnerable to bouts of emerging market sell-offs because of South Africa's persistent budget and current account shortfalls, underperformed most of its peers except for the Turkish lira. Trading volumes were thin because of the US Thanksgiving holiday, resulting in exaggerated currency moves, dealers said. In fixed income, the yield on the benchmark instrument due in 2026 added 5.5 basis points to 8.515 percent. On the bourse, ...

Nigeria naira firmer on unofficial market as central bank tightens forex rules LAGOS: The Nigerian naira strengthened 2.1 percent to 235 per dollar on the unofficial market on Thursday after the central bank moved to enforce documentation requirements on bureau de change operators prior to dollar sales, traders said.In a circular seen by Reuters on Thursday, the central bank asked all bureau de change operators to submit accounts showing their dollar usage at the start of each week before they can access future sales, a move traders ...
Ugandan shilling firm as dollar inflows pick up KAMPALA: The Ugandan shilling was firm on Thursday, buoyed by inflows of foreign exchange from exporters and low corporate demand for dollars.At 0907 GMT commercial banks quoted the shilling at 3,353/3,363, marginally stronger than Wednesday's close of 3,360/3,370."We've been seeing inflows coming in," said Benon Okwenje, trader at Stanbic Bank, adding foreign exchange had come mainly from exporters.Some traders also reported inflows of dollars from offshore investors taking part in this week's Treasury bill auction, ...
Egyptian pound steady at dollar sale and on parallel market CAIRO: The Egyptian pound was stable at a dollar sale on Thursday, with the central bank selling $37.1 million at a cut-off price of 7.7301 pounds per dollar, with the currency also steady on the parallel market.Earlier this month the central bank surprised the market by strengthening the pound by 20 piasters from 7.9301 pounds to the dollar.The official cut-off price was unchanged from Sunday's dollar sale, but two traders said the dollar changed hands ...
South Africa's rand weakens as US rate risk rises; stocks flat JOHANNESBURG: South Africa's rand retreated on Wednesday as the dollar rose, lifted by data that fuelled expectations the Federal Reserve will raise US interest rates next month. Stocks ended little changed. Anglo American hit its lowest level in more than 15 years after a brokerage house cut its rating on the stock. Yields on government bonds inched up. The benchmark bond due in 2026 added 0.5 basis points to 8.465 percent. By 1550 GMT, the ...
Kenyan shilling firm, eyes on any central bank action NAIROBI: The Kenyan shilling was steady against the dollar on Wednesday and traders said it would keep moving in a narrow range given prospects of central bank intervention. while shares edged higher.By the 1330 GMT official close, commercial banks posted the shilling at 102.10/20, compared with Tuesday's close of 102.15/25.Traders said the shilling would be stuck in a tight range of 102.00 to 102.50, on concerns the central bank could step in to stop any ...
Kenyan shilling holds steady against the dollar NAIROBI: The Kenyan shilling was unchanged against the dollar on Wednesday and traders said it would keep moving in a narrow range due to the prospects of the central bank's intervention.At 0730 GMT, commercial banks posted the shilling at 102.15/25, unmoved from Tuesday's closing rate.Traders said the shilling will be stuck in a tight range of 102.00-102.50 due to fears the central bank will step in to stop any volatility by injecting dollars into the ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln