All
 

 

Just in:  

You are here: Home»Markets»FXMM

Markets - FXMM

Archive

China's central bank guides yuan up again, may be sending stability signal SHANGHAI: China's yuan edged up against the dollar on Wednesday for the second day after the central bank again fixed a slightly higher official midpoint, a move that traders said may be sending the first signal that Beijing wants to keep the yuan stable for now.The People's Bank of China (PBOC) engineered a steep yuan depreciation in February and March, making use of the country's traditionally weak foreign trade in the first quarter of the year to strike at speculators betting on non-stop yuan appreciation.However, traders widely expect China's foreign trade will recover in the second quarter, creating a large trade surplus. With dollars plentiful in the domestic market, the PBOC will have to pay heavily to force yuan depreciation by intervening to buy dollars."Market conditions will favour a stronger yuan starting in the second quarter," said a trader at a major European bank in Shanghai. "While we still see ...


Dollar steady in Asia ahead of jobs data TOKYO: The dollar held steady in Asia Tuesday as investors await the release of US jobs data later in the week, while they largely ignored a Bank of Japan survey that showed business confidence at a more than six-year high.In afternoon Tokyo trade, the dollar crept up to 103.26 yen from 103.22 yen in New York on Monday.The euro bought $1.3776 and 142.25 yen, compared with $1.3772 and 142.15 yen.The BoJ Tankan survey for January-March ...

China's yuan rises along with mid-point, market awaits central bank guidance SHANGHAI: China's yuan edged up against the dollar on Tuesday, taking cues from a slightly higher official mid-point fixed by the central bank, traders said.But the market appears to have gone into a stall in the aftermath of a massive depreciation engineered by the People's Bank of China (PBOC) in February and March, with traders warily watching the central bank for signs of its future intentions."The yuan's recent depreciation was totally determined by the central ...

Dollar steady in Asia ahead of jobs data TOKYO: The dollar held steady in Asia Tuesday as investors await the release of US jobs data later in the week, while they largely ignored a Bank of Japan survey that showed business confidence at a more than six-year high.In midday Tokyo trade, the dollar crept up to 103.29 yen from 103.22 yen in New York on Monday.The euro bought $1.3771 and 142.23 yen, compared with $1.3772 and 142.15 yen.The BoJ Tankan survey for January-March ...

China's yuan closes weaker, suffers 2nd biggest monthly loss ever SHANGHAI: China's yuan closed weaker against the dollar on Monday and posted its second-biggest monthly loss on record as the central bank kept up strong pressure on speculators and sought to curb hot money inflows.The People's Bank of China (PBOC) fixed the official mid-point at a six-month low for the second straight trading session, setting a weaker tone for the day, and traders expect the currency to slide further in coming weeks.There were signs that ...

South Africa rand firms against dollar after credit growth quickens JOHANNESBURG: South Africa's rand edged up to its firmest level this year against the dollar, after stronger than expected credit growth data backed the case for more rate increases this year. The rand touched a session high of 10.5575, up nearly 0.2 percent from Friday's close in New York and the strongest since Jan. 2, according to Thomson Reuters data. The local currency edged up slightly after central bank data showed growth in credit demand ...

Sri Lankan rupee steady despite downward pressure; stocks up COLOMBO: The Sri Lankan rupee traded steady on Monday despite importer dollar demand and stocks-related outflows, as banks were reluctant to trade the local currency beyond 130.70 per dollar due to moral suasion by the central bank, dealers said. The spot rupee was unchanged at 130.70/75 per dollar at 0640 GMT. "There is pressure on the currency due to importer dollar demand as well as from stock outflows.But the spot rupee is quiet because of ...


 



 
Index Closing Chg%
Arrow DJIA 16,262.56 0.55
Arrow Nasdaq 4,034.16 0.29
Arrow S&P 1,842.98 0.68
Arrow FTSE 6,541.61 0.64
Arrow DAX 9,173.71 1.77
Arrow CAC-40 4,345.35 0.83
Arrow Nikkei 13,996.81 0.62
Arrow H.Seng 22,671.26 1.60
Arrow Sensex 22,484.93 0.64





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

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