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Dollar steady in Asian trade TOKYO: The dollar held steady in Asia Thursday with currency markets little moved by weak Japanese trade data and upbeat manufacturing figures out of China.In afternoon Tokyo trade, the dollar fetched 101.45 yen, against 101.48 yen in New York late Wednesday.The euro bought $1.3459 and 136.55 yen, against $1.3462 and 136.62 yen.Regional stock markets rose as an index of Chinese manufacturing activity hit an 18-month high in July, boosting hopes for the world's number two economy, while concerns over the Ukraine crisis eased."It's hard to say the risk aversion mood is growing," said Mizuho Securities chief FX strategist Kengo Suzuki.The yen tends to gain ground during times of uncertainty and turmoil, but markets moved little after fresh Japanese data showed the country's trade deficit ballooned to a record in the first half of the year.The figures were likely to ramp up pressure on the Bank of Japan for fresh easing ...


South Korea won dips as GDP data reinforces rate cut view SEOUL: The South Korean won fell on Thursday, headed for its worst day in more than a week, as second-quarter economic growth came in weaker than expectations and raised the probability of an interest rate cut as soon as next month.The local currency was quoted at 1,028.3 to the dollar as of 0219 GMT, down 0.45 percent from Wednesday's close at 1,023.7 and snapping a three-day winning streak."The weak GDP growth supported the recent dovish ...

China's yuan climbs to over 3-month high as economy picks up HONG KONG: China's yuan raced to its highest in more than three months on Thursday after solid manufacturing activity confirmed the government's stimulus measures were filtering through the economy and brightening growth prospects in the near term.China's factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed, the latest indication that the economy is picking up steam after second quarter GDP numbers last week ...

Australian dollar jumps after upbeat China PMI survey SYDNEY: The Australian dollar hit a three-week high on Thursday after a closely watched survey showed activity in China's factory sector in July expanded at its fastest pace in 18 months. The Aussie rose as high as $0.9480, from around $0.9440 just before the survey was released. It was last at $0.9470, up 0.2 percent on the day. Copyright Reuters, 2014

Kiwi sinks as central bank signals rate halt, China PMI lifts Aussie TOKYO/SYDNEY: The New Zealand dollar skidded to a six-week low on Thursday after the country's central bank switched to a wait-and-see stance following its fourth straight rate hike, while its Australian peer rose after a survey showed China's factory sector expanded at its fastest pace in 18 months.The kiwi dollar dropped nearly a full US cent, touching levels not seen since June 12.The Australian dollar, often used as a proxy for the economic performance of ...

Rupiah hits 2-month peak after Jokowi wins presidential election SINGAPORE: The Indonesian rupiah rose to its highest level in two months on Wednesday after Joko "Jokowi" Widodo was declared the winner of the presidential election, although its gains were tempered by suspected intervention.The rupiah rose more than 0.9 percent at one point and touched a high of around 11,485 versus the dollar , its strongest since late May, according to Thomson Reuters data.As the currency rallied, a spokesman for Indonesia's central bank said it ...

Euro hit by concerns over tougher Russia sanctions, diverging rate outlook LONDON: The euro hit an eight-month low against the dollar on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth drove investors away from the single currency.The euro also fell against sterling, which was supported ahead of the latest minutes from the Bank of England's Monetary Policy Committee, due at 0830 GMT. Markets will be looking for any signs of when an interest rate hike might come, ...


 



 
Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln