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The dollar climbed to fresh highs on Wednesday, getting lift from solid US jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low ahead of the launch of quantitative easing by the European Central Bank. The dollar, bolstered by recent rises in US government bond yields, hit its highest since September 2003 against a basket of currencies and was last up 0.60 percent at 95.957. Earlier it struck a high of 96.041 in trading after economic data releases.

The dollar touched an 11-year high against a composite of major currencies on Tuesday but gave up those gains ahead of major US economic reports and the coming European Central Bank meeting later this week. The dollar index has gained 5.7 percent since the beginning of 2015, helped by the US economy's better performance against other major world economic regions and relatively higher US interest rates. The greenback has been range-bound for the past month, however, as investors have seen fewer catalysts to move the dollar higher.
The dollar held firm near an 11-year high versus a basket of major currencies on Wednesday, as investors awaited US economic data and a European Central Bank meeting later this week for fresh clues on policy direction. The dollar index edged up 0.1 percent to 95.451. On Tuesday it had touched a high of 95.570, its strongest level since September 2003.
Sterling fell to a three-week low against the dollar on Wednesday after growth in Britain's dominant services sector eased in February lagging the United States where growth picked up modestly last month. The UK Markit/CIPS UK Services Purchasing Managers' Index (PMI) slipped more than expected to 56.7, from 57.2 in January, and well below a Reuters forecast of 57.5. For the United States, the index rose to 57.1, its highest level since October. The reading was roughly even with the preliminary read of 57.0 and up from the 54.2 recorded in January.
The euro crashed through support levels that had held for more than a month on Wednesday, hitting a six-week low under pressure from the imminent launch of outright quantitative easing by the European Central Bank. The dollar, bolstered by recent rises in US government bond yields, hit its highest since September 2003 against the basket of currencies used to measure its broader strength.
Interbank buy/sell rates for the takaagainst the dollar on Wednesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (* Previous 07.00-08.00 percent). (* revised).
India's rupee hit a one-month high on Wednesday after the central bank delivered another unexpected rate cut, while emerging Asian currencies barely moved ahead of US economic data and a European Central Bank meeting later this week. The Reserve Bank of India lowered its policy repo rate by 25 basis points to 7.5 percent, its second inter-meeting slash this year on the back of slowing inflation and a government commitment to fiscal discipline.
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Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln