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US jobs data supports Asia FX; won dips on intervention caution SINGAPORE: Most emerging Asian currencies rose on Monday after the latest US jobs report was not seen as strong enough to raise expectations of an early rate hike by the Federal Reserve, while the won turned weaker on growing caution over intervention.The South Korean won ended local trade down 0.2 percent at 1,055.4 per dollar as offshore funds sold the currency and domestic importers bought the dollar for payments, traders said.Investors became more wary that the foreign exchange authorities may intervene to stem the won's appreciation as it earlier rose as much as 0.3 percent to 1,050.6, its strongest since Jan. 2.The South Korean currency jumped 1.5 percent last week when most other emerging Asian currencies slid.On Monday, Indonesia's rupiah rose as Jakarta shares hit a 10-month high ahead of parliament elections later this week.The Malaysian ringgit advanced as investors covered short positions on its overnight strength in non-deliverable forwards ...


Egypt foreign reserves up at $17.414bn in March CAIRO: Egypt's foreign reserves rose to $17.414 billion in March from $17.307 billion in February, the central bank said on Monday. Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but were lifted last year when Gulf Arab states gave billions of dollars in aid to the army after it deposed elected President Mohamed Mursi following protests against his rule. Copyright Reuters, 2014

Sterling cedes small ground to euro, UK data awaited for fresh bets LONDON: Sterling slipped slightly against the euro on Monday, after comments by European Central Bank policymaker Ewald Nowotny that there was no need to act immediately to counter euro zone disinflation.ECB chief Mario Draghi said last week radical policy action might be needed if inflation kept undershooting in the near term.The euro was up 0.1 percent at 82.75 pence, recovering from Friday's low of 82.50 pence, with traders citing offers to sell the euro at ...

Sri Lankan rupee slips on stock-related outflows; shares off 7-week high COLOMBO: The Sri Lanka rupee traded weaker on Monday due to dollar demand for stock-related outflows, but it was expected to be supported by inflows from remittances ahead of the festive seasons, dealers said. The spot rupee traded at 130.70/75 on Monday at 0548 GMT, versus Friday's close of 130.60/65. It had strengthened to 130.40/50 per dollar in early trade on Friday. "There were stock-related outflows which brought the rupee down," said one currency dealer. ...

South Africa's rand, government bonds steady after rally JOHANNESBURG: South Africa's rand held steady against the US dollar early on Monday after a sharp rally at the end of last week took the currency and benchmark bonds to multi-month highs. The local unit is likely to trade in a sideways direction until Wednesday when the US Federal Reserve releases minutes of its monetary policy meeting (FOMC). Locally, manufacturing and mining data will be the focus on Thursday. At 0652 GMT, the rand was ...

Dollar under pressure in Asia after jobs data TOKYO: The dollar faced downward pressure in Asia on Monday as investors bet the Federal Reserve will not speed up the pace of tapering of its stimulus programme after last week's US jobs report matched forecasts.The greenback fetched 103.03 yen in Tokyo afternoon trade, compared with 103.26 yen late in New York and well below the 103.88 yen in Tokyo earlier Friday before the jobs data was released.The euro bought 141.17 yen, down from 141.50 ...

Australia, NZ dollars hold near highs vs USD and euro SYDNEY/WELLINGTON: The Australian and New Zealand dollars held near recent highs versus their US counterpart and the euro on Monday as upbeat local data and talk about stimulus measures in Europe encouraged investors to buy riskier assets. The Aussie hovered around $0.9285, near a triple top around $0.9308-10, the highest level since November. A break above that level would target key resistance at $0.9340, the 61.8 percent retracement of the October-January fall. Underpinning the Aussie ...


 



 
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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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln