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Yen weakens in Asia as buoyant stocks boost sentiment TOKYO: The yen weakened in Asia on Wednesday as the head of the Bank of Japan said the country was on target to meet its inflation target next year while buoyant equity markets lifted investor sentiment.In Tokyo afternoon trading, the greenback fetched 102.19 yen, up from 101.94 yen on Tuesday in New York, as traders moved out of the Japanese unit which is seen as a safe haven during times of turmoil and uncertainty.The euro also rose to 141.27 yen from 140.80 yen, while the single currency fetched $1.3824 against $1.3813 in US trade.Helping boost sentiment was Chinese economic growth figures for the first three months of the year that came in slightly above forecasts.China's National Bureau of Statistics (NBS) said the world's number two economy expanded 7.4 percent year on year in January-March.The figure was lower than the 7.7 percent seen in the final three months of last year ...

Dollar holds steady in Asia on upbeat US economy view TOKYO: The dollar held firm in Asia on Tuesday after solid retail sales data boosted confidence in the US economy while tensions in Ukraine and speculation over more European Central Bank monetary easing weighed on the euro. In midday Tokyo trade, the greenback fetched 101.87 yen, up from 101.82 yen in New York Monday afternoon.The euro fetched $1.3815 and 140.75 yen, little changed from $1.3820 and 140.74 yen in US trade.US stock prices jumped on ...

Australia & NZ dollars steadier, up against euro SYDNEY/WELLINGTON: The Australian and New Zealand dollars climbed against a broadly softer euro on Monday and were generally better-bid as Asian equities appeared to be stabilising after a punishing selloff. The euro dipped to A$1.4738 and NZ$1.5959, having retreated from Friday's session high of A$1.4835 and NZ$1.6106. Investors took aim at the euro after European Central Bank officials stepped up their verbal campaign against the currency, saying further policy easing would be needed if the ...

China's yuan holds steady as market awaits Q1 data HONG KONG: China's yuan held steady against the dollar on Monday following a weaker official midpoint, with the market awaiting a run of economic indicators this week to gauge growth momentum in the world's second-largest economy.Spot yuan changed hands at 6.2118 near midday, slightly weaker than Friday's close of 6.2113. It traded in a tight range of 6.2094 and 6.2142 in the morning.The People's Bank of China (PBOC) set the yuan midpoint at 6.1531, the ...

Euro down in Asia on Draghi easing comments TOKYO: The euro weakened in Asia Monday after European Central Bank chief Mario Draghi said policymakers may need to take action to stem the unit's rise.In Tokyo midday trade, the single currency weakened to $1.3848 and 140.62 yen, down from $1.3882 and 141.11 yen in New York Friday.The dollar also fell to 101.54 yen, from 101.65 yen in US trading.At the weekend, Draghi hinted at further policy moves after the ECB stood pat at its ...

Dollar steadies ahead of Yellen appearances next week NEW YORK: The dollar stabilized Friday against other currencies as investors looked ahead to fresh comment next week from US Federal Reserve Chair Janet Yellen.Near 2200 GMT, the euro traded at $1.3882, down slightly from the $1.3888 Thursday.The dollar bought 101.65 yen, up from 101.55 of the Japanese currency.The euro traded at 141.11 yen compared with 141.04.The dollar tumbled the last two days after minutes from the Fed's March policy meeting released Wednesday suggested there ...

Sterling slips after enjoying a good week on robust UK prospects LONDON: Sterling's rise against the dollar stalled on Friday after sharp gains this week, as investors paused for breath before taking fresh positions ahead of key UK data on jobs and inflation reports due next week. The pound slipped against the euro after data showed UK construction output contracted in February, but the drop was mainly because of bad weather. Most economists still forecast the economic rebound will gather momentum, and that is likely to ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln