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Yuan falls on corporate dollar demand, seen capped at 6.2/dollar for now SHANGHAI: China's yuan fell against the dollar on Monday as companies tended to buy dollars in anticipation that the Chinese currency would remain relatively weak in the near term, traders said.Spot yuan stood at 6.2072 per dollar by midday, 0.06 percent weaker than Friday's close also after the People's Bank of China (PBOC) fixed its official midpoint at 6.1485 per dollar, down 0.03 percent from Friday's fix.The yuan opened at 6.2034 per dollar, which traders said signalled that the market was cautious about not quoting above the psychologically important 6.20 mark."Traders appear not willing to quote above the psychological resistance for now after the PBOC signalled its intention to keep the yuan below that level via its midpoint," said a trader at a foreign bank in Shanghai.Despite using its midpoint to guide the Chinese currency's movements, the PBOC has largely refrained from intervening inthe market to influence the yuan's value ...


Australian, NZ dollars seek fresh cues in event-filled week WELLINGTON/SYDNEY: The Australian and New Zealand dollars marked time on Monday, mirroring a generally aimless currency market that appeared to be waiting for fresh cues this week from China data and Federal Reserve Chair Janet Yellen's congressional testimony. The Aussie traded at $0.9399, having drifted in a slim $0.9370/9401 range so far this session. Since April, the Aussie has basically been flatlining near 94 US cents. Investors are nervous about pushing it much higher, but ...

South Korean won edges up as Yellen remarks awaited SEOUL: The South Korean won edged up against the US dollar on Monday morning as Portugal's bank fears ebbed and corporates sold the dollar, although gains were limited on caution ahead of Federal Reserve Chair Janet Yellen's remarks.The local currency was quoted at 1,018.1 versusthe dollar as of 0318 GMT, up 0.1 percent from Friday's domestic close at 1,019.0.Asian shares edged higher as euro zone banking jitters faded, to be replaced by caution ahead of ...

Dollar stable vs euro as Portugal fears ease NEW YORK: The dollar and euro moved only slightly in foreign-exchange trading Friday as fears about a large Portuguese bank eased, with the market looking ahead to next week's packed economic calendar."Currency and financial markets stabilized as worries about new debt problems in Europe abated," said Joe Manimbo, senior market analyst at Western Union Business Solutions.Portuguese authorities managed Friday to ease wider market fears over the health of the country's biggest listed bank Banco Espirito ...

Dollar stable as market fears about Portugal ebb NEW YORK: The US dollar was stable against the yen and the euro on Friday as Portugal's largest bank sought to reassure investors about its financial stability. Banco Espirito Santo said on Thursday night that loan losses to the troubled empire of its founding family would not put the bank at risk of running short of capital.That eased some concerns. The dollar weakened to nearly two-month lows against the yen on Thursday as investors worried ...

South Africa's rand weakens as end to strike hope dissipates JOHANNESBURG: South Africa's rand inched lower against the dollar on Friday for a second straight session as hopes of an end to a strike in the metals and engineering sector were dashed. Strike leader NUMSA rejected employers' latest offer of a 10 percent wage increase on behalf of over 200,000 workers, union sources said, sending the stoppage into its second full week. At 1426 GMT, the local unit had fallen by 0.3 percent to 10.7235 ...

Won leads Asian losses on Portugal; peso down as central bank cuts c/a estimate SEOUL: The South Korean won led losses among emerging Asian currencies on Friday, and most regional units were set to show weekly declines after problems at a Portuguese bank and disappointing global economic data hurt sentiment.The Philippine peso extended slides after the central bank cut its forecasts for this year's current account and balance of payments.Malaysia's ringgit failed to benefit from the central bank's interest rate rise on Thursday - the first in more than ...


 



 
Index Closing Chg%
Arrow DJIA 17,086.63 0.16
Arrow Nasdaq 4,473.70 0.40
Arrow S&P 1,987.01 0.18
Arrow FTSE 6,798.15 0.04
Arrow DAX 9,753.56 0.20
Arrow CAC-40 4,376.32 0.16
Arrow Nikkei 15,328.56 0.10
Arrow H.Seng 23,971.87 0.80
Arrow Sensex 26,147.33 0.47





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln