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Ringgit sentiment worst since 2008; bearish rupiah bets rise SINGAPORE: Bearish bets on the Malaysian ringgit rose slightly and remained at their highest since the 2008-09 global financial crisis, while short positions in the Indonesian rupiah hit a two-month high, a Reuters poll found on Thursday.A recent slide in oil prices and the Russian rouble have soured investor sentiment toward emerging market currencies in general and weighed on Asian currencies, although sentiment improved somewhat after the rouble strengthened sharply on Wednesday.Investor bets on the Chinese yuan turned bearish for the first time since June. On Thursday, the yuan slumped to a five-month low against the dollar after China's central bank set a weaker daily midpoint fixing, prompting investors to cut exposure to the local currency.The poll showed that investor sentiment toward most emerging Asian currencies remained bearish, with short positions in the Indonesian rupiah rising to their highest since early October.The rupiah hit a 16-year low of 12,930 on ...

Rupiah and ringgit climb as Fed calms market nerves SINGAPORE: The Indonesian rupiah, Malaysian ringgit and Indian rupee all rose on Thursday as an upbeat economic assessment by the US Federal Reserve calmed market nerves.The South Korean won, however, fell against the dollar after the Fed signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy.The rupiah outperformed and pulled away from ...
Dollar jumps as Fed rate guidance shows quiet confidence in US economy TOKYO: The dollar took the upper hand on Thursday after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, guidance which it said is consistent with its previous statement that rates will ...
Dollar jumps as Fed rate guidance shows quiet confidence in US economy TOKYO: The dollar took the upper hand on Thursday after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, guidance which it said is consistent with its previous statement that rates will ...
Ruble steady in Asia after Russia measures to halt collapse TOKYO: The ruble recovered in Asia Thursday after Russian authorities launched fresh measures to halt its collapse, while the Federal Reserve's indication that interest rates will not rise until mid-2015 supported the dollar.The struggling Russian unit was at 61.20 to the dollar after plunging to 80 earlier in the week, and at 74.92 against the euro after previously hitting 100.Moscow said Wednesday it would sell about $7 billion in foreign reserves to prop up its ...
China FX regulator says closely monitoring Russian rouble slide BEIJING: China is closely monitoring the slide in the Russian rouble, the foreign exchange regulator said on Thursday, as the currency of one of its major energy importers struggles to avoid a free-fall. Wang Yungui, head of policy and regulations for the State Administration of Foreign Exchange (SAFE), told a news conference that China was not overly concerned about signs of forex outflows in recent months."Under the circumstance, signs of capital outflows in certain months ...
China's yuan broadly steady on strong fixing HONG KONG: China's yuan held steady against the dollar on Wednesday after the central bank set its daily midpoint at a fresh 10-month high, an encouraging sign of stability in the Chinese unit amid fears of fallout from a currency crisis in Russia.Safe-haven assets were in demand with yields on British, German and Japan sovereign debt hitting record lows while investors retreated from emerging market currencies.Fresh economic data this week indicate Chinese economic growth may ...

 



 
Index Closing Chg%
Arrow DJIA 17,959.44 0.87
Arrow Nasdaq 4,781.43 0.34
Arrow S&P 2,078.54 0.38
Arrow FTSE 6,576.74 0.48
Arrow DAX 9,865.76 0.81
Arrow CAC-40 4,254.43 0.30
Arrow Nikkei 17,635.14 0.08
Arrow H.Seng 23,408.57 1.26
Arrow Sensex 27,701.79 1.21






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln