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Won leads Asia FX slides on strong US housing data SINGAPORE: The South Korean won led losses among emerging Asian currencies on Wednesday as the dollar hit an 11-month high on strong US housing data.Offshore funds sold the won and the Malaysian ringgit. The Indonesian rupiah slid on month-end corporate dollar demand and on worries over the nation's current account and budget deficits.China's yuan broke a five-session rising streak after the central bank set the official guidance rate slightly weaker.The dollar rose to a near one-year high against a basket of six-major currencies after data showed US housing and building permits rebounded strongly in July. That indicated the housing market was back on track after stalling in the second half of last year."Solid US data usually boost sentiment for long dollar bets against all other currencies in these days," said Jeong My-young, Samsung Futures' research head in Seoul."Pressure on Asian currencies, however, is likely smaller than others as funds are ...

Dollar rises in Asia on upbeat US data TOKYO: The dollar extended its gains in Asia Wednesday after an encouraging surge in US housing construction boosted optimism over the state of the world's number one economy.In midday Tokyo trade, the greenback rose to 103.19 yen from 102.91 in New York.The euro weakened to $1.3305 from $1.3321, while it strengthened to 137.28 yen against 137.07 yen in US trade.Traders moved out of the yen -- seen as a safe-haven currency in times of turmoil ...

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 ...

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 ...


Index Closing Chg%
Arrow DJIA 17,001.22 0.22
Arrow Nasdaq 4,538.55 0.14
Arrow S&P 1,988.40 0.20
Arrow FTSE 6,775.25 0.04
Arrow DAX 9,339.17 0.66
Arrow CAC-40 4,252.80 0.93
Arrow Nikkei 15,539.19 0.30
Arrow H.Seng 25,112.23 0.47
Arrow Sensex 26,419.55 0.23

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