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South Korea won edges up to 3-week high, shares take breather SEOUL: The South Korean won was set to firm against the dollar for a third straight session early on Wednesday as exporters supported the local currency.The won was up 0.2 percent at 1,102.2 against the dollar as of 0250 GMT, compared with the previous close at 1,104.6.It touched 1,101.7 near midday, the local currency's strongest level since March 6."Investors seem to be eyeing the weakness in the euro and yen less. In the short-term, we see the won firming to 1,090," said Park Yu-na, a foreign exchange and fixed-income analyst at Dongbu Securities.Seoul shares took a breather early on Wednesday as investors took to the sidelines on a lack of cues after the index reached a six-month-plus high in the previous session.The benchmark Korea Composite Stock Price Index (KOSPI) remained nearly flat by midday on Wednesday standing at 2,040.33 points as of 0250 GMT, compared to Tuesday's local close of ...


Dollar recovers against euro as traders still eye 2015 rate hike NEW YORK: The US dollar rebounded against the euro on Tuesday on persistent bullish sentiment toward the greenback tied to the divergence of monetary policy between the United States and Europe, but the impact of last week's Federal Reserve statement limited its gains. The dollar recovered against the euro after two straight sessions of losses on the view that the Fed will still hike interest rates this year, while the European Central Bank continues with ...

South Africa's rand at three-week high against dollar on EM rally JOHANNESBURG: South Africa's rand rode the wave of an emerging market rally on Tuesday, extending gains to a new three-week high to a U.S. currency weighed down on expectations the Federal Reserve will delay an interest rate hike to September.By 1506 GMT the rand had firmed 0.5 percent to 11.8500 per dollar, having strengthened to as much as 11.8000 in the session before pulling back as weak Chinese manufacturing data restricted EM currency gains.Most of ...

Russian rouble surges to new 2015 highs ahead of tax payments MOSCOW: The Russian rouble rose strongly on Tuesday ahead of monthly tax payments, continuing a rally since February that has taken it to its highest levels against the dollar and euro since the end of last year.The Russian currency has now gained 7 percent against the dollar over the last week, reflecting a weaker dollar globally as well as Russian tax payments, although it is still down almost 40 percent since the middle of last ...

C$ firms as greenback stays soft, crude rises TORONTO: The Canadian dollar extended its recent gains against its US counterpart on Tuesday as continued weakness in the greenback lifted dollar-priced crude oil, a key Canadian export, and other commodities.Speculation since last week's US Federal Reserve statement that the Fed might delay hiking interest rates has put the US currency under pressure."The general trend here is probably still geared toward US dollar softening a bit more," said Shaun Osborne, chief currency strategist at TD ...

Sterling hits 1-month low against euro on soft inflation data LONDON: Sterling fell to a one-month trough against the euro on Tuesday, hurt by data that showed British inflation dropped to zero last month, its lowest since records began, bolstering expectations that British interest rates will stay low.Sterling fell 0.5 percent to 73.715 pence per euro, its lowest since Feb 23, while against the dollar it shed 0.5 percent to $1.4874, having traded at $1.4945 before the data was released.Analysts said the number might further ...

PMI surveys add to euro recovery LONDON: The dollar was back under pressure on Tuesday after three days of frantic trading that have seen the first serious doubts in its nine-month march higher and some signs of more resilience around the euro.San Francisco Fed chief John Williams was the latest to weigh in on the debate over the dollar's gains, saying the U.S. economy could handle a stronger currency and pointing to the chance of an interest rate rise in June.Other ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln