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Dollar rises; pound sells off after Scotland vote NEW YORK: The dollar advanced Friday against other major currencies, while the British pound retreated despite Scotland's vote against breaking from the United Kingdom. The greenback hit a 14-month high against the euro, as "the coast was clearer for markets to focus on US optimism and expectations for Fed rate hikes in 2015" following the Scottish vote, said Joe Manimbo, senior market analyst at Western Union Business Solutions.The dollar has rallied against the euro, the yen and others on expectations that the US Federal Reserve is closer to tightening policy than other central banks. But David Rodriguez, quantitative strategist at DailyFX, said trading data suggest euro selling and dollar buying "has slowed significantly," signalling a possible shift was imminent.The British pound, meanwhile, retreated against the dollar despite Scots voting 55 percent against a referendum to exit the centuries-old United Kingdom.Analysts attributed the pound's drop to profit-taking following a surge Thursday."Sterling ...


Asia FX down for week, ringgit at 4-month low as rates held SINGAPORE: Most emerging Asian currencies fell for the week after the US Federal Reserve published its rate hike outlook, while the ringgit hit its weakest in more than four months on Friday after Malaysia's central bank kept interest rates unchanged.Regional units recovered losses for the day as investors covered short positions ahead of the weekend, and the Chinese yuan strengthened.The ringgit fell as much as 0.6 percent to 3.2470 per dollar, its weakest since May ...

Kenyan shilling firms after central bank sells dollars for second day NAIROBI: The Kenyan shilling firmed on Friday after the central bank sold an unspecified amount of dollars into the market for the second day in a row, but traders said there was still strong dollar demand.By 0830, commercial banks quoted the shilling at 88.25/89.35 to the dollar, from Thursday's close of 88.95/89.05. "Yes, the central bank has sold dollars for the second day," National Bank of Kenya trader, Ian Kahangara, said. The local currency of ...

Sterling firms as early results go against Scottish independence TOKYO: Sterling rose to a two-week high against the US dollar and two-year peak against the euro on Friday, taking comfort from early results of a Scottish referendum that indicated a break-up of the United Kingdom will be averted. The results from several small boroughs showed a solid lead for the "No" camp to independence. Earlier, a YouGov survey showed support for Scottish independence amounted to 46 percent of the electorate with 54 percent wanting ...

Aussie, kiwi slide vs sterling on early Scottish vote results WELLINGTON: The Australian and New Zealand dollars plumbed multi-month lows versus sterling on Friday, knocked by the UK currency's broad gains after early results from a Scottish independence vote showed support for Scotland staying in the union. The Aussie slipped to a six-month low around A$1.8470 per pound, while the kiwi plumbed a 7 1/2-month trough around NZ$2.0336 as early polls showed higher-than-expected opposition for Scotland to separate from the United Kingdom. "Sterling is well ...

China's yuan rises on midpoint, seen moving between 6.13-15 in near term SHANGHAI: China's yuan firmed against the dollar on Friday after the central bank set a marginally stronger midpoint, leaving the currency little changed on the week.Traders said they suspected the central bank had moved to support the yuan this week as the currency appeared under pressure of depreciation because of the dollar's strength in global markets, China's slowing economic growth and signs of capital outflows from the country.Spot yuan stood at 6.1381 per dollar by ...

Pound hits two-year high against euro on Scotland results TOKYO: The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.The euro tumbled to 0.7809 pounds in early Tokyo trade, down from 0.7882 pounds and its lowest level since July 2012, as dealers welcomed initial returns pointing to a disappointing night for the "Yes" camp.Sterling also jumped to $1.6522, its highest ...


 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
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Arrow Nikkei 16,321.17 1.58
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln