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The US dollar edged lower against a basket of major currencies on Monday, halting last week's strongest advance since March but still hovering near six-month highs as traders awaited a glut of economic data and policy releases. The dollar fell slightly against the euro but still traded near eight-month highs against the shared currency ahead of Wednesday's release of US second-quarter gross domestic product growth and a Federal Reserve policy announcement. Traders also eyed Friday's report of US nonfarm payrolls growth for July.

The US dollar hovered near six-month highs against a basket of major currencies on Monday, holding onto solid gains made last week as investors turned bearish on the euro. Caution limited its upside, however, ahead of key US economic data later this week and a US Federal Reserve meeting ending on Wednesday which many believe is likely to culminate in the same dovish message from Chair Janet Yellen.
Sterling was hovering near a two-year high against the euro on Monday after two weeks when increasingly divergent interest rate expectations had made it one of the main buys against a weakening single currency. The strength of Britain's economic recovery over the past months has bolstered expectations that the Bank of England will be the first major central bank to raise interest rates since the financial crisis.
The dollar hovered near six-month highs against a basket of major currencies on Monday, with data and policy releases in coming days set to determine whether its strongest week since March prefaces a broader move higher. The euro had stabilised a touch in an Asian session weakened by a holiday in Singapore. But it was still trading just above an eight-month trough. Another half-cent fall would take it to its lowest since September of last year.
The Indian rupee closed marginally weaker on Monday, marking another sluggish session as dollar demand from importers to meet month-end commitments was offset by greenback sales from custodian banks. The central bank is also stepping-in to buy dollars when the rupee strengthens, further capping gains. Data late on Friday showed India's foreign exchange reserves rose to $317.85 billion as of July 18, the highest since October 2011.
The Sri Lankan rupee ended slightly weaker on Monday as late importer dollar demand outpaced inward remittances and exporter dollar sales, dealers said. Dealers said dollar buying by two state banks at 130.21 rupees prevented sharp gains in the local currency in early trade. The rupee ended at 130.22/24 per dollar compared with Friday's close of 130.20/25. "There were import demand but still the appreciation trend was intact," said a currency dealer.
China's yuan strengthened against the dollar on Monday, as better-than-expected economic data offset a weaker central bank midpoint fixing, traders said, as the spot market continued to push the traded rate closer to the midpoint. Spot yuan stood at 6.1870 per dollar by midday, up 0.07 percent from last Friday's close, only 0.4 percent away from the midpoint, the closest the spot market and the midpoint have been since mid-March.
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Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln