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China money rates rise on seasonal cash pressure, stock exchange SHANGHAI: China's money markets rose on Friday, with the major benchmark money rate gaining over 24 basis points on cash demand for month-end tax payments and the looming lunar new year holiday that will close markets for a week.The seven-day bond repurchase agreement closed out the week averaging over 4.16 percent up from 3.92 percent the previous Friday, the first time it has done so since December. Other commonly traded tenors also rose.Liquidity conditions remain a subject of intense focus this week given the condition of the stock market, where regulators have been moving to tighten up the routing of credit out of the interbank market and into stocks.Cash demand was most evident in the trading for bond repos on the Shanghai stock exchange, which can be more easily accessed by retail investors. The seven-day repo gained 297 basis points to price at 6.4 percent on Friday, its sharpest one-day ...

Yuan eases, stays near daily limit as analysts call for wider band SHANGHAI: China's yuan weakened slightly on Friday, trading within a hair's breadth of lower limit of the official daily trading band, as central bank has limited the yuan's decline against a dollar that has gained sharply against other major currencies.The People's Bank of China set the midpoint rate at 6.137 per dollar prior to market open, weaker than the previous fix 6.1335, putting it on course to end the week down over 0.3 percent.The spot ...
Commodity currencies feel heat; dollar, yen, euro stable SYDNEY/TOKYO: Commodity currencies nursed hefty losses on Friday, as investors sent the Australian dollar to 5 1/2 year lows as they bet on the Australian central bank reducing interest rates when it meets next week.While currencies from energy and resource producing countries, such as Canada and Australia, struggled under the weight of falling energy prices, the dollar, yen and euro were locked in familiar ranges.The Aussie dollar barely made any recovery on Friday, after dropping ...
Dollar edges down after US jobs rally TOKYO: The dollar edged down against other major currencies on Friday as investors adjusted their positions ahead of key US economic growth data later in the day.In Tokyo, the greenback slipped to 117.96 yen, down from 118.34 yen in New York, but still up from 117.70 yen in Asia earlier Thursday.The euro strengthened to $1.1330 from $1.1317, while it weakened to 133.67 yen from 133.93 yen.After upbeat jobs data on Thursday -- US unemployment insurance ...
Sri Lanka rupee forwards weaker despite intervention; seen lower on imports COLOMBO: Sri Lankan rupee forwards ended weaker on Thursday due to importer dollar demand despite moral suasion by the central bank, while exporters awaited direction from a supplementary budget, dealers said.Currency dealers said the rupee may depreciate because of an expected increase in consumption after a raft of tax reductions on key commodities in the budget.Fears of depreciation kept exporters away from the market, resulting in the currency's fall and leading the central bank to ...
Bullish Fed hurts Asia FX; Singapore dollar rebounds SEOUL: Most emerging Asian currencies fell on Thursday as the US Federal Reserve appeared on track to raise interest rates this year while there are risks that regional central banks instead may ease monetary policies.The Malaysian ringgit hit a near six-year low as an overnight slide in oil prices highlighted concerns that slumping crude will hurt the country's current account surplus and increase its fiscal deficit.South Korea's won touched a near four-week low as offshore ...
Dollar climbs in Asia as Fed points to 'solid' growth TOKYO: The US dollar extended its gains on Thursday after the Federal Reserve pointed to the "solid pace" of growth in the world's top economy, signalling a mid-year rate hike was still in play.In Tokyo, the greenback briefly rose above the 118-yen level before settling back at 117.70 yen in afternoon trade, still up from 117.53 yen in New York.The euro weakened to $1.1272 from $1.1284, while it ticked up to 132.68 yen, against 132.62 ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln