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The US dollar rose against the safe-haven Japanese yen and Swiss franc on Monday on renewed risk appetite in the wake of a disappointing US jobs report, which suggested the Federal Reserve would remain accommodative for longer. Data on Friday showing a stumble in US jobs growth has led traders to expect that the Fed will delay its first rate hike since 2006 to early next year. While those expectations have kept the dollar from gaining against the euro, they have helped the dollar gain against safe-haven currencies.

The dollar nursed losses on Monday, edging away from a near two-week low against a basket of currencies it marked in the previous session after weak US jobs data led traders to pare bets that the Federal Reserve was poised to hike interest rates as early as this month. The key nonfarm payrolls report showed that employers added only 142,000 jobs last month, falling far short of economists' consensus expectation for a rise of 203,000 jobs, according to a Reuters poll. Moreover, the August figures were revised sharply lower.
Sterling sank against both the dollar and the euro on Monday after a monthly survey of the services sector crushed any remaining market expectations that the Bank of England is likely to raise interest rates any time soon. The 53.3 point reading on the index of purchasing managers in a sector that dominates British economic output was the lowest since May 2013, and sharply below analysts' forecasts and the previous month's figures.
The dollar nursed losses on Monday, falling around 0.5 percent against the euro and slipping against a basket of currencies, after a weak US jobs report drove traders to push back expectations of a Federal Reserve rate hike to early 2016. The euro's bounce, though, is likely to remain muted, with the European Central Bank likely to come under additional pressure to ease monetary policy in a bid to neutralise the impact on inflation from a firmer currency.
Worries are growing that the current slump in emerging market currencies has turned the record $3 trillion of dollar-denominated debt amassed by companies and banks into a ticking time bomb. A delay in US rate increases seems to have stalled the dollar for now. But the International Monetary Fund last week became the latest to warn that a quadrupling of EM corporate debt over the last decade needs careful watching.
Money sent home by Kenyans living abroad rose by 3.2 percent in the month of August, to $132.9 million, from the same month last year, the central bank said on Monday. Known as remittances, the cash is a major source of foreign exchange for east Africa's biggest economy alongside tea, horticulture and tourism. Kenyans abroad typically send money to help their families and to invest in projects like real estate. The shilling has weakened steadily against the dollar in the last year - losing 14 percent - due to the strength of the greenback and a drop in tourism in Kenya following a spate of deadly attacks by Somali Islamists al Shabaab.
Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). 05.25-06.50 percent (* Previous 05.25-06.50 percent). (* revised).
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Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln