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The US dollar made a tepid advance against the euro and the Swiss franc on Wednesday but fell against the yen before a monetary policy statement from the Federal Reserve. Economists polled by Reuters expect the Fed not to do anything that will deviate from a mid-year interest rate rise trajectory, even as US corporations blame the recent rally in the dollar's value for hitting corporate profits.

The US dollar fell on Tuesday, with currency strategists pointing to a surprise drop in US durable goods orders that is feeding into speculation the Federal Reserve might hold off on raising interest rates for longer than had been expected. Investors have bid the dollar up, anticipating that the Fed will start to raise rates around mid-year as the US economy recovers growth momentum at the same time as major central banks in Europe and Japan are loosening policies to spur activity.
The dollar stepped back from an 11-year peak against a basket of currencies after soft spending data and disappointing earnings cast doubt on underlying optimism about the US economy, but it found some support against Asian currencies. Investors took profits from recent gains in the US currency ahead of a Federal Reserve policy announcement later on Wednesday, which some think could show a more dovish bias due to the recent plunge in oil prices.
Sterling steadied against the dollar on Wednesday after two days of gains as investors waited to hear whether the US Federal Reserve was still on track to deliver interest rate rises soon despite a rapidly strengthening dollar. Against the euro, the pound strengthened almost half a percent to 74.52 pence, within striking distance of Monday's 7-year low of 74.06 pence per euro.
The dollar climbed against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, although gains were muted before a statement from the Federal Reserve after its policy meeting. Interest-rate sensitive two-year Treasury yields held above 0.50 percent, lending support to the dollar.
Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.25 percent (Previous 07.00-09.25 percent).
The Singapore dollar on Wednesday hit its weakest in nearly four and a half years, driving losses among emerging Asian currencies, as regional central banks may follow the city-state's unexpected monetary policy easing to tackle deflation. The Monetary Authority of Singapore (MAS) reduced the slope of its monetary policy band ahead of its scheduled review in April. The central bank also cut its inflation forecast for the year.
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Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln