Money Market
In the Treasury bill auction held on Sunday. Bid for 28-D t-bill for BDT 11,227.00 million was only accepted, compared with total of BDT 10,694.00 million in the previous week's bid. Weighted average yield of 364-d & 2Y t-bill increased slightly.

Call money rate was stable this week. Call money rate ranged between 5.00 and 6.00 percent in the beginning of the week. By the end of the week that rate ranged between 5.00 and 5.50 percent.

International FX Market
The dollar fell by nearly half a percent against the euro and Swiss franc on Monday as investors fretted that record high oil prices could crimp US economic growth, and the yen also fell as Tokyo shares stumbled. The dollar suffered on worries that the jump in oil prices above $70 a barrel would give the Federal Reserve reason to slow its credit tightening campaign. The greenback's loss was most pronounced against the currencies of oil producing Canada and Norway. Markets are looking ahead this week to US consumer confidence, personal income and purchasing managers' data, and the key US employment numbers for August, due on Friday.

The yen hit a two week low against the euro and fell versus the dollar in the middle of the week, pressured by record high oil prices of USD 70 per barrel, disappointing Japanese data and falling Tokyo stocks. The dollar was slightly higher ahead of US second-quarter growth data and a Chicago manufacturing survey, which could shed light, on whether the Federal Reserve would keep raising interest rates beyond this year. The euro was steady against the dollar. Among important data, preliminary second-quarter data due at 1230 GMT is expected to show the US economy grew 3.5 percent in the period, against the advance estimate of 3.4 percent. The Chicago PMI index of manufacturing activity is due at 1400 GMT. In Europe, August inflation data and second-quarter economic growth figures for the euro zone as well as the closely watched Swiss KOF indicator is due.

The dollar stayed near two-week lows against the euro on Thursday after surprise weakness in a US regional business activity survey raised prospects that the Federal Reserve could halt its tightening sooner than thought. The Chicago purchasing management index showed its sharpest drop ever in the month of August, adding to speculation that a rise in oil prices to record highs above $70 a barrel this week is slowing the US economy. The dollar was holding its ground against other currencies and edged higher against the yen. But some analysts said they saw the potential for big losses in the US currency this week, especially if Friday's closely watched jobs report disappoints the market.

Standard Chartered Bank