All
 

 

Just in:  

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

Middle East & Africa

Archive

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 and weakened slightly on the black market.The central bank said it sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from its most recent sale last Thursday, before the Muslim Eid holiday.The rate for the dollar sales has stayed within a very tight range since the beginning of June, after the bank allowed the pound to weaken in May. It had offered $40 million on Thursday.On the black market, the dollar changed hands for 7.40 pounds, one trader said, weaker than the rate of 7.39 pounds a week earlier.The rates at which banks are allowed to trade dollars are determined by the results of the central bank sales, giving the bank effective control over official exchange rates.Copyright Reuters, 2014 ...

South Africa's rand steady, could soften on trade data JOHANNESBURG: South Africa's rand was flat against the dollar in early Monday trade, with the risk of weakening during the week if domestic trade data shows a widening deficit.At 0654 GMT the local unit traded at 10.5140 versus the greenback, a touch softer than Friday's close at 10.5105.In fixed income, yields edged higher, with the 2026 benchmark adding 1.5 basis points to 8.205 percent and the 2015 paper inching up 1 basis points to 6.65 ...
Kenyan shilling inches down on dollar demand NAIROBI: The Kenyan shilling edged down on Monday, under pressure from importers buying dollars to meet their end-month obligations, market participants said.At 0700 GMT, commercial banks posted the shilling at 87.75/85 per dollar, marginally down from Friday's closing rate of 87.65/75."There seems to be demand and no supply to match it," said John Njenga, a trader at Commercial Bank of Africa.He said the demand was mainly coming from oil firms and manufacturers.The shilling was, however, ...
Ugandan shilling rises slightly, more gains seen KAMPALA: The Ugandan shilling edged up on Friday on the back of banks selling dollars and market participants said it could rise further next week due to inflows from charity groups. At 0952 GMT, commercial banks quoted the shilling at 2,623/2,633, slightly up from Thursday's close of 2,627/2,637. "In the interbank we've seen some significant (dollar)selling which has strengthened the shilling," said Benon Okwenje, trader at Stanbic Bank."I am expecting strong inflows as we approach ...
Kenya shilling steady as dollar demand offset by tight liquidity NAIROBI: The Kenyan shilling was steady on Friday with pressure from importers seeking dollars balanced by tight shilling liquidity.At 0820 GMT, commercial banks quoted the Kenyan currency at 87.70/90 to the dollar, compared with Thursday's close of 87.80/90."We are range-bound, but we have seen tightness in the money market ... so that's offering some support," said John Njenga, trader at Commercial Bank of Africa.He said the usual end-of-the-month demand for dollars from importers was expected ...
Kenyan shilling steady, seen easing as importers buy dollars NAIROBI: The Kenyan shilling was steady on Thursday and traders said they expected it to weaken in coming days due to importer demand from energy companies.At 0816 GMT, commercial banks quoted the shilling at 87.80/90 to the dollar, compared with Wednesday's close of 87.80/88.00.Traders said the shilling was expected to weaken once importers - who are sitting on the sidelines waiting for the shilling to strengthen - come in to buy dollars to pay for ...
Egyptian pound stable at central bank sale, stronger on black market CAIRO: The Egyptian pound was stable at a central bank dollar sale on Thursday but strengthened on the black market ahead of the Muslim Eid holiday next week.The central bank said it sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from its last sale on Monday.The rate for the dollar sales has stayed within a very tight range since the beginning of June, after it had allowed the pound to ...

 



 
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 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

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