Money Market
In the Treasury bill auction held on Sunday, bid for BDT 9,000.00 million was accepted, compared with total of BDT 9,000.00 million in the previous week's bid.

Overnight money market was steady throughout the week. The call money rate remained unchanged throughout the week and ranged between 6.50 and 7.00 percent.

International FX Market
The dollar rose to six-week highs on Friday as dealers aimed at technical targets and positioned for the risk that the Federal Reserve may have to raise interest rates again to keep inflation at bay. The week began as the euro rebounded from six-week lows against the dollar on Monday after a European Central Bank policymaker signalled that markets were correct in expecting another interest rate increase next month. But some analysts saw the euro's gains against the US and Japanese currencies as short-lived. The euro was 0.45 percent firmer on the day bouncing from earlier six-week lows hit on Friday. The yen pulled back against the euro after trading near one-month highs last week when it was boosted by the unwinding of extreme short positions and talk that its weakness may be discussed by Group of Seven finance ministers this weekend.

In the middle of the week, the dollar was hovering near a two-month high against the yen on Tuesday, with the Japanese currency weighed by weak capital spending data that raised more doubts about another Bank of Japan rate increase this year. The dollar eased against the yen in late US trade on Monday. The focus is on whether the dollar can rise above the July 19 high against the yen, although some market players say that may be difficult ahead of Saturday's Group of Seven finance ministers' meeting, where currencies and global trade imbalances are likely to be high on the agenda. The euro was trading slightly above the late US levels and off a six-week low hit on Monday.

- Standard Chartered Bank