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Middle East & Africa


South Africa's rand eases within range ahead of GDP data JOHANNESBURG: South Africa's rand eased slightly on Monday and remained within a tight recent trading range ahead of GDP data in the next session, while concerns over the euro zone economies kept pressure on the local unit.The rand softened by 0.11 percent to 10.7070 by 1446 GMT. Trade volumes were low due to a bank holiday in the U.K. with rand watchers awaiting the release of South Africa's second-quarter GDP figure on Tuesday."From tomorrow it should start kicking-off a little bit," said Ian Martin, a trader at Rand Merchant Bank.Martin said the rand would likely remain range-bound between 10.50 and 10.80 to the dollar for most of the week unless GDP numbers delivered a "big surprise"."The rand has done quite well compared to other emerging markets but it's not enough to take it out of this recent range," he added.Following a 0.6 percent contraction in the previous quarter, a Reuters ...

Kenyan shilling weakens on poor dollar supply NAIROBI: The Kenyan shilling lost ground against the dollar on Monday, hurt by a weak supply of the US currency.At 0720 GMT, commercial banks posted the shilling at 88.45/55 per dollar, compared to Friday's close of 88.25/35.Dollar inflows have shrunk in recent months - partly as a result of falling business in the country's key tourism industry, hurt by a string of attacks by Islamist militants.Commercial Bank of Africa trader John Njenga said traditional dollar ...
South Africa's rand under pressure, tracking weaker euro JOHANNESBURG: South Africa's rand weakened slightly against the US dollar on Monday, tracking a weaker euro after dovish comments from the European Central Bank President Mario Draghi knocked the regional currency. Draghi told a central banking conference in Jackson Hole on Friday that the ECB was prepared to respond with all its "available" tools should inflation in the euro zone drop further, raising prospects of more policy easing.The rand, tracking the currency of its biggest ...
South Africa's rand range-bound ahead of US Fed speech JOHANNESBURG: South Africa's rand traded in a tight range on Friday, holding onto the previous session's gains ahead of a speech by the Federal Reserve Chair Janet Yellen which could give new direction to the US dollar.Comments from Standard & Poor's on Thursday that it was not looking to downgrade South African banks after a Moody's cut earlier in the week and a euro rally had reassured rand bulls in the previous session.The local unit ...
Ugandan shilling stronger on inflows from offshore investors KAMPALA: The Ugandan shilling strengthened on Friday, riding healthy inflows from offshore investors who participated in this week's Treasury auction, while company demand for dollars faded. At 0926 GMT commercial banks quoted the shilling at 2,592/2,602, stronger than Thursday's close of 2,598/2,608. "There are inflows from some of the offshore investors who took part in the auction," said Sage Daniel Muganza, trader at Centenary Bank."Corporate demand is low so those inflows are not being taken ...
Egyptian pound stable at central bank sale, weaker on black market CAIRO: The Egyptian pound was stable at a central bank dollar sale on Thursday but weakened on the black market.The central bank said it sold $37.4 million at a cut-off price of 7.1401 pounds per dollar, unchanged from its last sale on Wednesday.The rate for the dollar sales has stayed in a very tight range since the beginning of June, after the bank allowed the pound to weaken in May. It had offered $40 million ...
South African rand pauses after four session slide JOHANNESBURG: South Africa's rand was largely unchanged against the US dollar on Tuesday, recovering after four sessions of losses but still unable to shake off negative economic sentiment following a banking downgrade this week. By 0649 GMT, the local unit had firmed slightly to 10.7300 per dollar after earlier touching its softest level against the greenback since August 8 this year. The currency came under pressure in the previous session from a rampant US dollar, ...


Index Closing Chg%
Arrow DJIA 17,031.14 0.26
Arrow Nasdaq 4,518.90 1.07
Arrow S&P 1,984.13 0.07
Arrow FTSE 6,804.21 0.04
Arrow DAX 9,659.63 0.09
Arrow CAC-40 4,428.63 0.29
Arrow Nikkei 15,948.29 0.25
Arrow H.Seng 24,356.99 0.97
Arrow Sensex 26,816.56 0.90

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln