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Euro at multi-year lows against dollar, yen TOKYO: The euro touched multi-month lows against the dollar and yen on Wednesday as investors fret about the impact on the eurozone economy of possible fresh sanctions against Russia following the downing of Flight MH17.In afternoon Tokyo trade, the single currency bought $1.3464 and 136.54 yen, down from $1.3465 and 136.62 yen in New York late Tuesday.However, it is up marginally from the earlier exchanges when it touched $1.3458 at one point, its lowest since November, and 136.40 yen its weakest level since February. The dollar fetched 101.41 yen compared with 101.45 yen in US trade.The greenback was supported by data showing US inflation slowed in June to 0.3 percent, from 0.4 percent in May, suggesting there was no need for the Federal Reserve to raise interest rates sooner than the expected middle of 2015.The euro is facing selling pressure as investors worry that another round of sanctions on Russia ...

China's yuan rises to two-week high as outlook firms HONG KONG: China's yuan rose to a two-week high on Wednesday in spite of a weaker midpoint, as the outlook on the currency has gradually improved on a recovering economy and hopes of further stimulus.Spot yuan changed hands at 6.1991 per dollar near midday, up 0.07 percent from Tuesday's close of 6.2037. It touched 6.1976 in morning trade, the highest level since July 10.The People's Bank of China (PBOC) fixed the official midpoint at 6.1572, ...
Rupiah scales 2-month high after Jokowi wins presidential election SINGAPORE: The Indonesian rupiah set a two-month high on Wednesday, rallying after Joko "Jokowi" Widodo was declared the winner of Indonesia's presidential election. The rupiah rose more than 0.9 percent at one point and touched a high of around 11,485 versus the dollar , its strongest level since late May, according to Thomson Reuters data.As the currency rallied, a spokesman for Indonesia's central bank said it will intervene in the foreign exchange market to stabilise ...
South Korea won gains on offshore inflows, Q2 GDP eyed SEOUL: The South Korean won rose for a third session early on Wednesday but most investors were in a cautious mood ahead of second-quarter growth data, the government's revised economic forecasts and policy measures to be announced the following day. The local currency was quoted at 1,022.2 to the dollar as of 0214 GMT, up 0.21 percent from Tuesday's close at 1,024.4. "Although expectations of policy changes, chiefly interest rate cuts, contributed to the won's ...
Sri Lanka rupee steady near 3-week low; seen facing downward pressure COLOMBO: The Sri Lankan rupee traded steady near its three-week low on Tuesday in dull trade, but dealers said the currency could face some downward pressure during the week due to import bills.The rupee was at 130.29/32 per dollar at 0632 GMT, little changed from Monday's close of 130.30/32. Early last week, it hit a more than one-year closing high."We do not see much pressure on the currency. But there are some heavy import bills ...
Rupiah gives up gains in choppy trade; baht hits 8-month high SINGAPORE: The Indonesian rupiah shed its earlier gains in volatile trading ahead of an announcement to declare the winner of the country's closely fought presidential election.The likely loser, former general Prabowo Subianto, refusing to concede defeat, made a last-gasp attempt to delay the announcement of the official results due on Tuesday.An official from his party, however, later said Prabowo has withdrawn his presidential candidacy after denouncing the election process as undemocratic.It was not clear how ...
Yen dips as stocks rally and Ukraine tensions ease TOKYO: The yen eased in Asia Tuesday as news that pro-Russian rebels had handed over the black boxes of Flight MH17 eased concerns about the Ukraine crisis.The losses in the Japanese unit, which is considered a safe bet in times of economic and political uncertainty, were in line with a regional stock market rally as confidence returned to financial markets.In Tokyo afternoon trade, the dollar bought 101.53 yen, up from 101.38 yen in New York ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
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Imports $3.675 bln
WeeklyJuly 10, 2014
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