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South Africa's rand firmer on China GDP, local budget could weigh JOHANNESBURG: South Africa's rand edged up to its strongest level in a week against the dollar on Tuesday, partly tracking firmer Asian currencies after GDP data in major commodity importer China came out stronger than expected. The rand's gains could, however, be short-lived if Finance Minister Nhlanhla Nene predicts a wider budget deficit than seen in February and cuts growth forecasts for the ailing economy during his medium-term budget statement on Wednesday. Nene is expected to target a budget deficit of 4.4 percent of gross domestic product for the 2014/15 fiscal year, according to a Reuters poll. The rand was at 10.9900 to the dollar at 0643 GMT, up 0.29 percent from Monday's close, and breaching 11.0000 for the first time since Oct. 15. Government debt was also bid higher, pushing the yield for the 2026 secondary market benchmark 5 basis points lower to 8.025 percent. "Today has seen a ...


Dollar eases in Asia after weak China data TOKYO: The dollar slipped in Asia on Tuesday as weak Chinese growth data rekindled concerns about the global economy.In Tokyo afternoon trading, the greenback slipped to 106.59 yen against 106.92 yen in New York.The euro rose to $1.2810 from $1.2800, while it weakened to 136.54 yen from 136.86 yen in the US.Traders moved into the yen -- seen as a safe-haven currency in times of turmoil or uncertainty -- as official data showed China's gross ...

China's yuan touches 7-month high after better-than-expected Q3 growth SHANGHAI: China's yuan rose against the dollar on Tuesday, matching a seven-month high of 6.1209 reached last week right after the government posted slightly better-than-expected economic growth for the third quarter.The spot market opened at 6.1241 per dollar, and was changing hands at 6.1217 at midday, 0.02 percent firmer than the previous close.Before trading began, the People's Bank of China (PBOC) set its midpoint rate at 6.1410 per dollar, up 0.04 percent from the previous ...

Aussie edges higher after China GDP; dollar slips vs yen SINGAPORE: The Australian dollar edged higher on Tuesday after China's third-quarter economic growth slightly exceeded market expectations, while the US dollar struggled to gain traction and retreated against the yen. China's economy grew 7.3 percent in July-September from a year earlier, slightly above the 7.2 percent forecast by analysts. However, the growth was the weakest for any quarter since the 2008/09 global financial crisis. The Aussie dollar, often seen as a liquid proxy of Chinese ...

Australian & NZ dollers gains, focus turns to China data SYDNEY/WELLINGTON: The Australian and New Zealand dollars stood firm on Tuesday, underpinned by a stabilisation in commodity prices as investors awaited key Chinese economic indicators amid global growth concerns.The Australian dollar paused at $0.8785, having gained 0.4 percent on Monday and pulling away from a four-year trough of $0.8642 touched earlier this month.Immediate focus was on a raft of Chinese economic data, including GDP for the July-September quarter, industrial output and retail sales for September.Growth ...

Dollar steady as currency majors brace for China data TOKYO: The US dollar started on a steady footing on Tuesday, as foreign exchange markets braced for a batch of Chinese economic indicators amid lingering investor worries over signs of a slowdown in Asia's economic powerhouse and global growth.The China data could influence investors' perception on the US Federal Reserve's monetary policy track, and by extension, the fate of the US dollar. "Because slowdown in China is one major reason behind investor concerns on global ...

Dollar softer after run-up, yen supported by stock gains NEW YORK: Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped bring down the yen. After a week of wide currency market gyrations, investors appear to have settled in for a quiet start to the week, unwilling to make fresh bets ahead of Wednesday's US inflation data and ...


 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln