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Yen rises as global growth woes hit risk sentiment SINGAPORE: The yen scaled a one-month high against the dollar on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency. The yen has pulled away from a six-year low versus the dollar set in early October, after dovish-leaning minutes of the US Federal Reserve's September meeting released last Wednesday prompted the market to push back the expected timing of a Fed rate hike. The low-yielding yen has gained further momentum in recent sessions as worries about the outlook for global growth hurt appetite for risk and triggered a selloff in global equities. A drop in US equities futures on Monday provided broad support for the yen, said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore. "It's definitely a risk-off move and we will have reduced liquidity with the US and Japan on holiday today," Halley said. Japanese markets ...


Australian dollar hit by growth woes, yen buying; kiwi recovers slightly SYDNEY/WELLINGTON: The Australian dollar hovered near four-year lows on Monday as global growth concerns encouraged investors to unwind carry trades, while the New Zealand dollar remained vulnerable to further losses though it managed to stabilise somewhat. The Australian dollar edged down to $0.8670, from $0.8700 in New York on Friday, pulling close to a four-year trough of $0.8642 touched last week. A break there would open the way to a retracement to $0.8066, the May ...

China's yuan rises on strong trade data, central bank midpoint SHANGHAI: China's yuan firmed against the dollar on Monday, posting a nearly two-week high, after China released better-than-expected trade data for September and the central bank fixed its official rate stronger.The People's Bank of China set its midpoint rate at 6.1446 per dollar prior to market open, up 0.04 percent from the previous fix. The spot rate is currently allowed to trade 2 percent above or below the midpoint.The spot market opened at 6.1315 per ...

Dollar rises for 2nd day on concerns about global economy NEW YORK: The dollar firmed for a second straight session on Friday after three consecutive days of losses, bolstered by safe-haven bids on worries about the health of the global economy with slow-downs evident in Europe, Japan, and China."Dollar strength is still on the table here going forward and the driver behind that is policy divergence," said Andrew Dilz, currency strategist at Tempus Consulting in Washington. "We're seeing a rate hike in the United States ...

South Africa's rand halts 4-day gains as investors shun risk JOHANNESBURG: South Africa's rand snapped a four-day winning streak against the dollar on Friday, amid a lack of domestic impetus to counter rising concerns about the state of the global economy which left investors averse to risky assets. The market has moved on from the euphoria of respected deputy Governor Lesetja Kganyago being appointed to take over as central bank chief when Gill Marcus retires on Nov. 8. Market players are now focused on Finance ...

Kenya shilling dips in quiet morning trade, may gain next week NAIROBI: Kenya's shilling weakened slightly in quiet Friday morning business as traders bought dollars to square positions before the weekend, while demand for shillings to meet tax payments could help strengthen the currency next week.By 0720 GMT, the shilling was 89.05/89.15 to the dollar, modestly weaker than Thursday's close of 89.00/89.10 but still in a tight range of recent sessions of roughly 89.00 to 89.30."It's Friday so typically we don't see a lot of trading ...

Global growth concerns trim Asia FX weekly gains SEOUL: Most emerging Asian currencies fell on Friday, paring their gains for the week, as worries about a slowing global economy dented risk appetites.The Malaysian ringgit eased as local stocks lost more than 1 percent, underperforming regional peers. The currency didn't have an immediate reaction to the government's 2014/2015 economic report.The Philippine peso weakened with data showing August exports grew at the slowest pace in three months. Foreign direct investments in July fell 21 percent ...


 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln