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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, and was changing hands at 6.1266 at midday, 0.07 percent firmer from the previous close.China's exports rose more than expected in September while imports unexpectedly improved, data showed on Monday, bringing the trade surplus to $31 billion. Copyright Reuters, 2014


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 ...

Russia's rouble spirals lower as central bank interventions top $3bn MOSCOW: Russia's rouble plunged again on Friday, and traders said the central bank intervened heavily to slow its slide, as oil prices dropped and Russian companies locked out of international capital markets drove demand for dollars. The central bank says it has spent $3.3 billion defending the rouble between last Friday and Wednesday, but the total amount over the past week is likely to be far larger since it releases its intervention data with a ...

Ugandan shilling slips on manufacturer dollar demand, rate expectations KAMPALA: The Ugandan shilling weakened on Friday due to a surge in demand for dollars by manufacturing firms and commercial banks before the central bank's decision on Tuesday that could see the key lending rate cut.At 0929 GMT commercial banks quoted the shilling at 2,670/2,680, weaker than Wednesday's close of 2,653/2,663. "I am seeing a lot of appetite from importers like manufacturing firms who want dollars to buy raw materials," said Isaac Iga, chief dealer ...


 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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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 20, 2014
Reserves $13.436 bln