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South Korean won hits 5-1/2 month low as dollar rides on U.S data; shares flat SEOUL: The South Korean won fell to a 5-1/2 month low against the dollar on Monday, as the greenback surged on data pointing to robust economic growth.The dollar touched a fresh four-year high against a basket of currencies.The won was trading at 1,049.2 to the dollar as of 0130 GMT, its lowest level since April 8. It closed Friday's onshore trading session at 1,044.4.Data on Friday showed the US economy expanded at its fastest growth pace in 2-1/2 years during the second quarter, in a bullish signal for the remainder of the year."A strong dollar and a weak yen are double trouble for South Korean exporters, and worries over their contagion effect on earnings have prompted foreign investors to repatriate their investments, providing more downdraft for the won," said Hong Seok Chan, an analyst at Daishin Economic Research Institute.Finance Minister Choi Kyoung-hwan said on Monday that a weak yen as ...

China's yuan drops, Hong Kong unrest hurts sentiment offshore HONG KONG/SHANGHAI: Investors' nervousness over clashes between police and pro-democracy protesters in Hong Kong forced the China's yuan currency to its weakest level in over a week in Hong Kong trading.The yuan's weakness offshore was transmitted to the onshore market, where the yuan was dragged away from a six-month high hit late last week, as Hong Kong experienced its worst unrest since China took back control of the former British colony in 1997..Offshore spot yuan ...
Dollar holds at lofty levels vs euro, yen; HK dollar shaken by protests TOKYO: The dollar touched a fresh four-year high against a basket of currencies and started the week close to a six-year peak against the yen, getting a tailwind from data showing higher U.S. growth in the second quarter.It also rose to a nearly two-year high against the euro, held aloft by divergent market expectations for U.S. and European monetary policy.Asian market attention turned to Hong Kong, where democracy protesters defied volleys of tear gas and ...
Rupiah hits 7-month low; HK dollar slips on political unrest SINGAPORE: The Indonesian rupiah hit a seven-month low on Monday on worries about political uncertainty and in response to the US dollar's broad strength, while the Hong Kong dollar slipped after clashes between democracy supporters and police.Asian currencies retreated broadly after data on Friday showing an upward revision to US second-quarter economic growth, giving a further boost to the dollar.The Hong Kong dollar, which is pegged to a narrow band against the US dollar, touched ...
Dollar higher in Asia TOKYO: The dollar advanced in Asian trade on Monday after data showed the US economy growing more than first thought in April-June, with investors expecting it to break the 110 yen threshold "sooner or later".The greenback bought 109.44 yen in Tokyo on Monday, up from 109.28 yen in New York.The single European currency was trading at $1.2676, down from $1.2683 in US trade on Friday, and at 138.75 yen against 138.60 yen.Traders moved into the ...
China's yuan rises to highest in more than six months HONG KONG: China's yuan rose to its highest in more than six months in afternoon trade on Friday. The spot yuan hit an intra-day high of 6.1252 per dollar, the highest level since March 7. The People's Bank of China (PBOC) fixed the official midpoint at 6.1508, down 0.02 percent from the previous day's 6.1497. It was the lowest level in more than two weeks. Copyright Reuters, 2014 ...
Rupiah to post longest weekly losing streak in 15 months, Asia FX weak SINGAPORE: Indonesia's rupiah fell past the psychologically important 12,000-per-dollar level on Friday, hurt by political uncertainties, and looked set to suffer its longest weekly slide in 15 months.The rupiah fell as much as 0.5 percent to 12,035 per dollar. Indonesia's parliament earlier approved legislation ending direct elections for governors and mayors, a move president-elect Joko Widodo criticised as a "big step back" for the country.It has eased 0.5 percent so far this week. The loss ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln