Money Market
In the Treasury bill auction held on Sunday, bid compared with total of BDT 16,296.00 million was accepted, compared with total of BDT 6,398.00 million in the previous week's bid.

Overnight call money market was bullish this week. The rate ranged between 7.00-7.50 percent in the beginning of the week. The rate continued to increase throughout the week and ended the week at 9.00-10.00 percent.

International FX Market

The dollar lost more than half a percent against the euro in early European trade on Monday as investors trimmed holdings of greenback ahead of a Federal Reserve key monetary policy meeting this week. Comments from an adviser to the Chinese central bank that Beijing is dangerously exposed to the dollar and needs to work with other East Asian economies to slow rate of accumulation also dragged the greenback lower. The market expects the Federal Reserve to raise its key rate for a 13th straight time to 4.

25 percent at a policy meeting on Tuesday, but markets are speculating that the central bank will tweak its language and provide clues on the pace of future rate hikes. Weighing on the yen were expectations for more selling by Japanese investors, namely individual investors putting winter bonuses to work in high yielders such as the Australian dollar.

The dollar slid to a six-week low against the euro and more than 1 percent versus the yen in the middle of the week after the US Federal Reserve made a small change in the wording of its statement on credit-tightening policy. Following its 13th straight interest rate rise on Tuesday to 4.25 percent, the Fed removed its reference to policy "accommodation," which was taken as a signal the central bank was making an initial move toward bringing its 18-month cycle of interest rate rises to an end. A slightly weaker-than-expected Bank of Japan tankan survey of business confidence gave the dollar a slight boost in Asian trade overnight, but investors stepped in to sell, particularly against the yen. Sterling moved to a six-week high, before UK data showed that annual pay growth in the three months to October slowed to its weakest rate in more than two years. The pound then slid to some extent. US trade data due at 1330 GMT are expected to show the country's massive trade deficit narrowed slightly to $63 billion in October from $66.11 billion in September.

The yen forged a six-week high against the US dollar on Thursday as investors took profits on bets against the currency before the year end, while the dollar struggled after diving a day earlier on a record US trade gap. The yen built on gains after enjoying its biggest one-day rise in nearly 44 years on Wednesday, and a warning on volatility from Japan's Ministry of Finance on Thursday only briefly stemmed the currency's rally. Traders said selling of the dollar against the yen had prompted unwinding of carry trades that had helped to hammer the Japanese currency to multi-year lows against high yielders such as the Australian and New Zealand dollars this year.

- Standard Chartered Bank