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Dollar under pressure in Asia after mixed data TOKYO: The dollar was mixed in Asian trading on Monday as it faced pressure from data that showed US consumer spending was down in April although shoppers' confidence climbed.The greenback gained on the yen as Tokyo's Nikkei 225 stock index pared back some of its early losses. The index is closely linked with the yen as the currency's value affects the profitability of Japanese exporters.Credit Agricole said dollar strength was likely to continue."We expect USD/JPY downside to be increasingly limited and stick to the view that the pair will ultimately resume its uptrend," it said.In Tokyo morning trade, the dollar bought 100.67 yen, gaining from 100.37 yen in New York late Friday, while the euro was also stronger against the Japanese currency at 130.89 yen from 130.44 yen last week.Against the dollar, the European single currency was slightly stronger at $1.3004, from $1.2996 in US trading.On Friday, the US Commerce ...

Dollar firms in Asia as stocks rebound TOKYO: The dollar firmed against the yen in Asia Friday, shrugging off weak US growth figures as a rebound in Tokyo stocks boosted risk sentiment and pulled investors away from the safe-haven yen.The greenback fetched 101.05 yen in Tokyo morning trade from 100.74 yen in New York late Thursday, while the euro also strengthened to 131.79 yen from 131.39 yen. The European single currency was flat at $1.3042."Previously the yen's weakening raised expectations for an ...
South Korean won firms as dollar pressured; bonds flat SEOUL: The South Korean won firmed on Thursday as the dollar came under pressure as investors pondered the implications of a potential tapering back of the Federal Reserve's massive monetary stimulus programme.The won stood at 1,127.4 against the dollar at the end of domestic trade, up half a percent from Wednesday's onshore close of 1,132.9, when it fell close to a 7-week low.Local exporters also supported the won as they sold dollars for month-end settlements, ...
Yuan slips despite stronger midpoint, market sees gains capped for now SHANGHAI: China's yuan edged lower against the dollar on Thursday in spite of a stronger official midpoint as the market showed doubt that the yuan has potential to appreciate further following its recent gains.Spot yuan was trading at 6.1289 against the dollar, down from 6.1267 at Wednesday's close. If the Chinese currency does not rebound in the afternoon, Thursday will be the third straight day it has fallen.Before Thursday's trade began, the People's Bank of ...
Dollar weakens in Asian trade TOKYO: The dollar weakened in Asian trade Thursday with few trading cues as firms adjust their month-end forex positions, dealers said, while concerns about global growth hung over markets.The greenback had dropped below the 101-yen level in early Tokyo trade as the Nikkei 225 plunged more than three percent -- yen trade and the benchmark stock index are closely interlinked as the value of the Japanese currency directly affects the competitiveness of the country's exporters.But ...
Yuan slips on corporate dollar demand, eyes on PBOC SHANGHAI: China's yuan fell slightly on Wednesday as traders reported strong dollar demand from major Chinese oil companies and after the central bank set a lower midpoint to signal a brief pause in the currency's appreciation.Spot yuan was trading at 6.1274 against the dollar, down from 6.1215 at Tuesday's close. Despite the fall, the yuan has hit record highs seven times this month and traded as high as 6.1210 on Monday, its best mark since ...
Dollar firm in Asian trade after US rally TOKYO: The dollar held steady in Asian trade on Wednesday after flying on fresh data that showed US consumer confidence and home prices were on the rise.The figures are the latest evidence that the world's biggest economy could be mounting a recovery, paving the way for the US Federal Reserve to roll back its huge bond-buying programme known as quantitative easing.Dollar trade has been influenced by differing views over comments from Fed chairman Ben Bernanke ...

 



 
Index Closing Chg%
Arrow DJIA 17,039.49 0.36
Arrow Nasdaq 4,532.11 0.12
Arrow S&P 1,992.37 0.29
Arrow FTSE 6,777.66 0.33
Arrow DAX 9,401.53 0.93
Arrow CAC-40 4,292.93 1.23
Arrow Nikkei 15,586.20 0.85
Arrow H.Seng 24,994.10 0.66
Arrow Sensex 26,360.11 0.17





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln