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Dollar inches higher Asian trading TOKYO: The dollar inched higher in Asia Friday after tumbling on comments from the head of the Federal Reserve who said the bank's massive stimulus drive would remain in place for some time.In Tokyo afternoon trade, the dollar fetched 99.06 yen, slightly up from 98.90 yen in New York on Thursday, while the euro also strengthened to 129.56 yen from 129.50 yen.The European single currency was at $1.3077 from $1.3092, as traders keep an eye on eurozone industrial production data for May due later in the day.The dollar faced selling pressure in New York after Bernanke said the Fed's $85 billion-a-month bond-buying programme would be kept in place "for the foreseeable future"."The majority of FOMC members want more evidence of improving labour market conditions and stronger growth before curtailing the asset purchase programme," Credit Agricole said in a note.However it added that "we maintain our view that the FOMC is ...

India rupee snaps two-day rally; euro fall hurts MUMBAI: The Indian rupee snapped a two-day rally to weaken slightly on Thursday as importers including oil firms bought dollars, while the initially big impact from Federal Reserve Chairman Ben Bernanke's comments on US stimulus faded later in the session.Bernanke said the Fed would continue to pursue an accommodative monetary policy as inflation remained low and the unemployment rate might be understating the weakness of the labour market.Although the rupee hit its higest level in ...
South Korea won hits one-month high after Bernanke comments SEOUL: The South Korean won firmed to its highest in a month after comments from US Federal Reserve Chairman Ben Bernanke eased investors' concerns over the chance of an early reduction in the Fed's bond-purchasing programme.The local currency was quoted at 1,124.6 against the dollar at 0305 GMT, up 1 percent from Wednesday's domestic close at 1,135.8.The won surged to 1,124.0 shortly after markets opened, its strongest since June 10, although the won is down ...
Dollar falls further against yen in Asia TOKYO: The dollar eased further against the yen in Asia Thursday, adding to losses in New York after comments from Federal Reserve chief Ben Bernanke suggested its huge stimulus programme would stay in place for some time.The greenback changed hands at 99.43 yen in Tokyo morning trade after tumbling into the 98-yen range earlier in the day. It had tumbled to 99.59 yen in New York late Wednesday from 101 yen in Tokyo earlier in ...
Turkish watchdog probes forex deals after central bank auctions ISTANBUL: Turkey's banking watchdog said on Wednesday it was probing foreign exchange deals by lenders, after sources said it was looking into possible market manipulation following central bank auctions of $2.25 billion in dollars.The watchdog BDDK was seeking details of transactions on July 8-9, senior banking sources told Reuters. They said the BDDK wrote to banks on Tuesday asking for details of auction bids and for what purpose they had bought foreign currency.The regulator told ...
Yuan slides on falling exports, ignores c.bank guidance SHANGHAI: China's yuan sank against the dollar on Wednesday as unexpectedly poor trade data for June sparked worries over the health of the world's second-largest economy.The yuan's decline was all the more notable as the central bank had set a stronger midpoint for the currency's daily trading band with the dollar.Spot yuan was trading at 6.1359 against the dollar at midday, down 0.1 percent from Tuesday's close of 6.1295 even though the People's Bank of ...
Dollar firms against yen in Asia TOKYO: The dollar firmed against the Japanese yen in Asian trade Wednesday as markets looked to fresh insights on the Federal Reserve's stimulus tapering plans later in the day, analysts said.The US currency consolidated to 101.15 yen in morning Tokyo trade, from 101.11 yen in New York late Tuesday.Seeing the Fed's "discussion over the tapering could work in favour of dollar buying", Osao Iizuka, head of FX trading at Sumitomo Mitsui Trust Bank, told Dow ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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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
WeeklyOctober 20, 2014
Reserves $13.436 bln