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Yuan ends slightly up, demand for it seen resilient SHANGHAI: China's yuan ended slightly stronger on Wednesday, despite data showing declining capital inflows, as dealers reported continued strong demand for the currency.Spot yuan closed at 6.1269 per dollar, 0.03 percent stronger than Tuesday's close.The gain in the spot rate contrasted with the central bank's daily midpoint, which was set at 6.1677 on Wednesday, 0.04 percent weaker than Tuesday's fix.Data out Wednesday showed that capital inflows in the first quarter were smaller than originally believed.The State Administration of Foreign Exchange (SAFE) revised down China's first-quarter current account surplus to $47.6 billion from $55.2 billion, while the capital and financial account surplus was changed to $90.1 billion from $101.8 billion.The dollar/yuan rate was 0.66 below the midpoint in the early afternoon. While this gap was still smaller than one of more than 0.9 percent that persisted most days between the fourth quarter of 2012 and late last month, it has widened ...

Dollar dips ahead of Fed policy announcement TOKYO: The dollar slipped against the yen in Asian afternoon trading on Wednesday with investors sticking to the sidelines as they await the conclusion of the US Federal Reserve's policy meeting.The US unit was at 95.10 yen in Tokyo, against 95.37 yen in New York late Tuesday.The dollar-yen rate was likely to trade in a narrow range before the Fed wraps up its two-day meeting later in the day with chairman Bernanke speaking to reporters ...
Dollar firm ahead of Fed policy announcement TOKYO: The dollar held steady in Asia on Wednesday with investors sticking to the sidelines as they await the conclusion of the US Federal Reserve's policy meeting.The US unit was at 95.40 yen in Tokyo, against 95.37 yen in New York late Tuesday.The dollar-yen rate was likely to trade in a narrow range before the Fed wraps up its two-day meeting and chairman Bernanke speaks soon after, said Junichi Ishikawa, market analyst at IG Securities ...
Dollar firm in Asia as dealers await US Fed move TOKYO: The dollar edged up in Asia on Tuesday as investors await the outcome of a US Federal Reserve meeting for an idea of when it will begin to reel in its massive stimulus drive.The greenback stood at 94.83 yen in Tokyo in the afternoon, from 94.67 yen in New York late Monday.The euro also rose to 126.66 yen from 126.52 yen, but weakened to $1.3355 from $1.3363.The Federal Open Market Committee will issue a ...
Yuan ends at three-week high, but dollar demand robust SHANGHAI: China's yuan closed at its highest level in three weeks on Monday after the central bank set its daily midpoint at a record high, but traders said dollar demand is strong and expect little further appreciation in the near term.The People's Bank of China (PBOC) fixed its midpoint at 6.1598 per dollar on Monday, below the 6.16 psychological barrier and 0.01 percent stronger than Friday's previous record high.Spot yuan ended at 6.1250 percent on ...
Dollar edges up ahead of Fed policy meeting TOKYO: The dollar edged up in Asian trade Monday as dealers await the outcome of a crucial US Federal Reserve policy meeting, looking for clues to the future of its monetary easing programme.The greenback bought 94.58 yen in Tokyo midday trade, up from 94.22 yen late Friday in New York, where it lost ground on mostly disappointing US economic data. The euro slipped to $1.3331 from $1.3346 while it was up at 126.05 yen from ...
India rate cut unlikely as weak rupee weighs MUMBAI: India's central bank was expected to keep interest rates on hold Monday with concerns over the rupee trading near record lows likely to outweigh the fall in inflation, most analysts said.The central bank has cut borrowing rates three times since the start of 2013 to try to kickstart an economy which has been growing at five percent, a decade low.But with the rupee just above lifetime lows, a ballooning current account deficit and the ...

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln