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South Korea won falls on dollar strength, shares flat SEOUL: The South Korean won fell on Wednesday after strong U.S housing data propelled the dollar higher against a broad range of currencies. The won was quoted at 1,022.7 per dollar at the conclusion of domestic trade, snapping a three-day winning streak that drove it to a 5-week intraday high on Monday. In the equities market, the benchmark KOSPI index ticked 0.08 percent higher to close at 2,072.78 points after treading water for most of the session, as investors adopted a wait-and-see stance ahead of the scheduled release of minutes from the Federal Reserve's latest policy meeting. Institutions were net sellers for the 9th consecutive session, offloading a net 278.1 billion won ($271.95 million) worth of shares on the main bourse. Copyright Reuters, 2014


Dollar extends rise vs yen in wake of solid US housing data SINGAPORE: The dollar hit a four-month high versus the yen on Wednesday after strong US housing data the previous day added to hopes of a firming recovery in the world's biggest economy. The dollar rose to as high as 103.23 yen as of 0347 GMT, its highest level since early April. It last traded at 103.20 yen, up 0.3 percent on the day. Copyright Reuters, 2014

China's yuan snaps 5-day rising streak on weaker midpoint HONG KONG: China's yuan broke a five-day rising streak against the dollar on Wednesday after the central bank set the official guidance rate slightly weaker than the previous session.Still, the currency was hovering near five-month highs as investors appeared to regain a measure of confidence in China's economy and bet on further gains in the yuan.The improving sentiment was reflected in a pick-up in long positions in the yuan to a near seven-month high, a ...

Dollar firms after upbeat US housing data NEW YORK: The dollar strengthened against other major currencies Tuesday after US data showed an encouraging surge in housing construction and inflation remained tame.US housing starts jumped 15.7 percent in July to the highest pace since last November, and building permits gained 8.1 percent.A slight 0.1 percent rise in US consumer prices in June month-over-month left the annual rate up 2.0 percent, a level the Federal Reserve's monetary policy makers have regarded as non-threatening.Weak eurozone ...

Czechs roll out new Bitcoin-style virtual currency PRAGUE: The Czech Republic launched its answer to Bitcoin on Tuesday when new virtual currency CzechCrownCoin started trading. "Early this afternoon we put a first test run of 100,000 coins on the market," CZC project head Ladislav Faith told AFP."The total number of coins has been set at 100 million." Virtual currencies have becoming increasingly popular in recent years since the most famous example, Bitcoin, was launched by a mysterious computer guru in 2009.Faith estimated ...

Indian rupee gains slightly on bunched up dollar inflows MUMBAI: The Indian rupee strengthened slightly on Tuesday on bunched up dollar inflows after a four-day weekend and as shares hit a second consecutive record high, but broader gains were capped by good greenback demand from oil importers.Trading in the foreign exchange market resumed after two trading holidays on Friday and Monday, leading to bunched up dollar inflows, helping the rupee appreciate.India's BSE and NSE indexes, which were open for trading on Monday, hit second ...

Sri Lanka rupee firmer on exporter dollar sales COLOMBO: The Sri Lankan rupee ended firmer on Tuesday as exporter dollar sales outpaced importer demand for the greenback, though broader gains were capped as state banks bought dollars to prevent any sharp gains, dealers said.The rupee ended at 130.13/14 per dollar after touching 130.17, slightly firmer from Monday's close of 130.15/16. It had hit a two-week low of 130.26 per dollar on Wednesday.Two state banks, through which the central bank usually intervenes in the ...


 



 
Index Closing Chg%
Arrow DJIA 17,039.49 0.36
Arrow Nasdaq 4,532.11 0.12
Arrow S&P 1,992.37 0.29
Arrow FTSE 6,777.66 0.33
Arrow DAX 9,401.53 0.93
Arrow CAC-40 4,292.93 1.23
Arrow Nikkei 15,586.20 0.85
Arrow H.Seng 24,994.10 0.66
Arrow Sensex 26,360.11 0.17





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln