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Won leads Asia FX gains amid further ECB easing expectations  SINGAPORE: The South Korean won hit a one-week high on Tuesday, leading gains among emerging Asian currencies on hopes of more capital inflows to the region with increasing prospects for further easing by the European Central Bank.The won rose as much as 0.3 percent to 1,016.7 per dollar in local trade, its strongest since Aug. 19, on demand from exporters for month-end settlements.Offshore funds also bought the won, while the South Korean unit hovered near a six-year high against the yen.China's yuan rose as investors stayed bullish on the currency and corporate demand helped offset a weaker daily midpoint fixing by the central bank.Copyright Reuters, 2014


Kenyan shilling weaker, central bank intervention eyed NAIROBI: The Kenyan shilling lost ground again on Tuesday, with end-month dollar demand pushing the currency to multi-year lows and stoking expectations that the central bank will intervene to support the shilling.At 0740 GMT, commercial banks posted the shilling at 88.75/85 per dollar, compared to Monday's close of 88.65/75, the currency's lowest level since December 2011.The shilling, which has lost about 3 percent against the dollar this year, has been weakening in the past few ...

Sterling steadies after Scottish referendum debate wobble LONDON: Sterling rose from a five-month low against the dollar and pared losses against the euro on Tuesday, overcoming a wobble after Scotland's pro-independence leader Alex Salmond won a final debate before a referendum next month.Returning after Monday's market holiday in London, traders bought the pound, which has weakened in recent sessions after investors unwound expectations of a Bank of England interest rate hike later this year.The pound posted its seventh weekly loss against the ...

Ugandan shilling dips on dollar demand from manufacturers KAMPALA: The Ugandan shilling was a touch weaker on Tuesday, hurt by demand for dollars from manufacturing firms, and is not expected to move significantly before the release of inflation data at the end of the week.At 0935 GMT commercial banks quoted the shilling at 2,598/2,608, marginally weaker than Monday's close of 2,595/2,605."The slight weakening for the shilling is being driven by pockets of demand from the manufacturing sector," said Isaac Iga, chief dealer at ...

Dollar holds steady but euro struggles on inflation concerns LONDON: The dollar held steady on Tuesday after its recent gains but the euro continued to struggle, pinned down near 19-month lows against the Swiss franc on expectations of soft inflation data and more monetary easing.Weak German economic figures and the resignation of the French government following a row over fiscal policy added to the bearish mix for the euro.The shared currency was trading at 1.2080 Swiss francs , having fallen to 1.2072 francs on ...

SWIFT sees Europe gaining in China yuan payments share SHANGHAI: Europe now represents 10 percent by value of global payments in China's currency, transactions organisation SWIFT said Tuesday, as more countries seek a greater share of yuan business through new clearing arrangements.Although China's special administrative region of Hong Kong is the dominant centre for offshore yuan trading, four European countries are in the top ten, said the Society for Worldwide Interbank Financial Telecommunication.They are Britain, France, Germany and Luxembourg, it said, all of which ...

Euro under pressure after weak German data TOKYO: The euro was stuck around $1.32 in Asia Tuesday after falling to an 11-month low against the dollar on a weak batch of German data and hints the European Central Bank could unveil easing measures to fight off deflation.The common European currency was at $1.3201 in Tokyo afternoon trade compared with $1.3193 in New York on Monday afternoon. The unit at one point Tuesday tumbled to as low as $1.3178 -- its lowest since ...


 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29





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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 28, 2014
Reserves $13.582 bln