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Yen extends slide as equities rally, euro firms before ECB SYDNEY/TOKYO: The yen found little reprieve on Wednesday and hit a 10-week low against the dollar, as risk appetite stayed buoyant and investors continued to bet on more stimulus from China. The dollar bought 103.84 yen, after hitting a peak of 103.935 yen as improving appetite for risk sent US stocks to a record closing high and fuelled a 1.4 percent surge in Tokyo's Nikkei. A rise in US Treasury yields prompted by the Wall Street rally also added to the greenback's appeal.The euro hovered near a three-week high of 143.46 yen."The combination of rising global equity markets with rising US Treasury yields is a catalyst for USD/JPY to move higher," said Kit Juckes, a London-based analyst at Societe Generale. Juckes added that this week's increase in Japan's sales tax to 8 percent from 5 percent also poses a big challenge to Prime Minister Shinzo Abe's recipe of hyper-easy monetary ...


Australia and NZ dollars dip after soft data, profit taking SYDNEY/WELLINGTON: The Australian and New Zealand dollars were lower against the US dollar on Wednesday as a mix of soft data and profit taking knocked the commodity currencies off recent highs. The Aussie was around $0.9232 from $0.9246 in late New York trade, after it had scaled a four-and-a-half month high of $0.9310 on Tuesday in the aftermath of the Reserve Bank of Australia's (RBA) monthly policy review. The central bank, as expected, held rates ...

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 ...

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 ...


 



 
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