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Rupiah leads Asia FX gains on Fed hopes; won's upside curbed SINGAPORE: Indonesia's rupiah led gains among emerging Asian currencies on Wednesday, helped by expectations that the US Federal Reserve will reaffirm its intention to wait longer before increasing interest rates.The rupiah extended gains in afternoon trade as local shares jumped 1.4 percent, outpacing most Southeast Asian equity markets.South Korea's won rose as much as 0.4 percent to 1045.6 per dollar, its strongest since Sept. 26, on demand from offshore funds and exporters. Seoul stocks rallied 1.8 percent to hit a three-week high.The won pared some gains as President Park Geun-hye said she was concerned about the impact of a weaker yen on the local economy.Some traders said they suspected the intervention of foreign exchange authorities in stemming the won's appreciation.The Malaysian ringgit advanced as investors cut long-dollar positions.The Fed is expected to announce the end of its bond-buying programme when it concludes a two-day policy meeting later on Wednesday. The ...

Sri Lanka rupee slips; seen lower on rising imports COLOMBO: The Sri Lankan rupee traded weaker on Wednesday on importer dollar demand while moral suasion by the central bank prevented a further fall in the local currency, dealers said.Dealers said the market expects the local currency to face more pressure due to rising imports and lower rates. The central bank's stable exchange rate policy would encourage more imports in the medium term, they said.The spot currency was quoted at 130.90/131.05 per dollar at 0817 ...
Dollar steady in Asia as Fed meet wraps up TOKYO: The dollar was steady in Asia on Wednesday as traders eye the outcome of a Federal Reserve policy meeting later in the day.The greenback fetched 108.12 yen in afternoon Tokyo trade against 108.16 yen in New York.The euro was nearly flat at $1.2737 from $1.2733 and 137.73 yen against 137.74 yen.Currency markets were stuck in neutral ahead of an announcement by the US Federal Open Market Committee (FOMC) later Wednesday following a two-day meeting.The ...
China's yuan touches 7-1/2 month high on stronger midpoint SHANGHAI: China's yuan climbed to a 7-1/2 month high against the dollar on Wednesday, appreciating for the third straight session after the central bank again set a stronger midpoint.The Chinese currency hit 6.1092 per dollar in early trade, its highest level since March.It trimmed some gains by midday to change hands at 6.1117, up 0.03 percent from Tuesday's close.Before the market opened, the People's Bank of China (PBOC) fixed the midpoint rate at 6.1405 per ...
Sri Lanka rupee slips; may fall further on rising imports COLOMBO: The Sri Lankan rupee traded a tad weaker on Tuesday as dollar demand by importers surpassed selling of the greenback by exporters and banks, dealers said. The local currency is expected to remain under pressure due to rising imports, they said.The spot currency was traded at 130.90/131.00 per dollar at 0700 GMT compared to Monday's close of 130.85/90. It was largely untraded last week on moral suasion by the central bank."There is importer dollar ...
Indonesian rupiah nears selling point for foreign bond investors JAKARTA: he gradually weakening Indonesian rupiah is fast closing in on levels that will force foreign holders of the country's bonds to sell and exit the market to avoid losses.The currency has weakened 1.8 percent against the dollar in the past week and 7.5 percent since March, trading around 12,165 per dollar on Tuesday. That leaves it less than 2 percent away from levels where some analysts reckon returns on bonds no longer compensate for ...
Dollar steady in Asia before Fed meeting TOKYO: The dollar held steady in Asia on Tuesday before the US Federal Reserve starts a two-day policy meeting that is expected to see it wind up its six-year-old stimulus programme.The greenback edged up to 107.84 yen in late morning Tokyo trade from 107.78 yen in New York.The euro firmed to $1.2713 and 137.12 yen from $1.2699 and 136.86 yen in US trade. While bank policymakers are widely tipped to bring an end to the ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln