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The dollar added to earlier losses on Friday as a US government index on employment cost rose less than forecast, paring bets the Federal Reserve may interest rates later this year. The dollar index that gauges the greenback's value against a basket of currencies was last down 0.69 percent at 96.886. The greenback reversed its earlier gains versus yen. It last traded down 0.2 percent at 123.93 yen. The euro accelerated its rise against the dollar, last up 1 percent at $1.1048.

The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in US employment costs in the second quarter dialled back bets the Federal Reserve would raise interest rates later this year. The euro rebounded strongly against the greenback following Thursday's losses in the wake of encouraging inflation data in the euro zone.
The dollar backed off from a one-week high against a basket of currencies on Friday, but was still seen on firm footing after US GDP data supported the case for the Federal Reserve to raise interest rates later this year. The dollar index last traded at 97.358, taking a breather after rising to as high as 97.773 on Thursday, its strongest in more than a week. US gross domestic product growth in the second quarter was 2.3 percent, lower than the consensus 2.6 percent forecast.
The Swiss franc rose to a one-week high against the euro and jumped 0.8 percent against the dollar on Friday, after the Swiss National Bank unveiled record losses that raised questions about how long it can keep intervene to keep franc strength in check.
Sterling sank almost 1 percent against the euro in afternoon trade on Friday, weighed down by month-end outflows and poor US wage data that undermined expectations of the first rises in interest rates by major economies later this year. Sterling has hit more than 7-year highs against the euro this month on a revival of expectations that the Bank of England was likely to follow swiftly on the US Federal Reserve's heels in raising rates.
The dollar fell by a third of a percent against the euro on Friday, the lack of decisive new direction from numbers on the US economy prompting traders to take profit on its rise since Wednesday's statement by the Federal Reserve. The US currency hit a near one-week high against a basket of currencies early in Europe, and was still on track for an almost 2 percent gain in what has been a month of trauma for currencies reliant on commodity prices for direction.
Russia's central bank on Friday made its smallest interest rate cut this year as it juggled attempts to resuscitate the economy with inflation fears after a recent slide in the ruble. The bank cut its key rate by 50 basis points to 11 percent in its fifth reduction since January, as it struggles to breath life into an economy battered by lower oil prices and Western sanctions over Ukraine.
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Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln