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Dollar steady as Fed chief keeps December rate rise in play TOKYO: The dollar held steady in Asia Thursday after US central bank chief Janet Yellen suggested that a December US interest rate lift-off was still on the table.In congressional testimony, Yellen said that if the world's top economy was "performing well" and, if conditions warrant, a rate hike in December "would be a live possibility".Yellen's remarks came ahead of Friday's release of a key US jobs report for October and as fresh data on the vast US services sector Wednesday supported the view that the economy was on the upswing."Solid US data and Yellen's comments that seemed to support a rate hike next month sparked dollar buying," Naohiro Nomoto, an economist at Bank of Tokyo- Mitsubishi UFJ, told Bloomberg News."The dollar is being bought gradually, with markets pricing in the rate increase as data come out and yields rise. Fed officials appear to be setting up for the move."Yellen's comments ...

Sri Lankan rupee at record low ahead of key policy statement COLOMBO: The Sri Lankan rupee fell 0.2 percent to end at a record low on Wednesday, due to higher demand for the dollar from importers, dealers said, a day ahead of a key government policy statement.The rupee ended at 141.50/60 per dollar, surpassing its previous all-time low of 141.40 hit on Sept. 28.The currency fell from Tuesday's close of 141.15/20 and lost for a fifth straight session."It is very difficult to predict what is likely ...
South Korea Oct fx reserves inch up to 3-month high SEOUL: South Korea's foreign exchange reserves in October inched up to their highest level in three months thanks mainly to investment gains, central bank data showed on Wednesday.Foreign exchange reserves held by the Bank of Korea rose for a second month, up $1.49 billion in October at $369.60 billion at the end of the month, the central bank said in a statement.It was the highest end-month level seen since July this year. No details were ...
China's yuan firms on Xi comment, dollar sales by state banks SHANGHAI: China's yuan firmed against the dollar on Wednesday after President Xi Jinping said the country could maintain its economic growth and some state-owned banks sold dollars to support the Chinese currency, traders said.The People's Bank of China set the midpoint rate at 6.3343 per dollar prior to the market's opening, 0.05 percent weaker than the previous fix 6.331.The spot market opened at 6.3363 per dollar and yuan was changing hands at 6.3348 at midday, ...
Sri Lankan rupee steady in dull trade COLOMBO: The Sri Lankan rupee was steady in thin trade on Tuesday as importer demand for the dollar offset mild greenback sales by exporters and banks, dealers said.The rupee was at 141.05/10 per dollar at 0628 GMT, unchanged from Monday's close.Trading is likely to be lacklustre until the government provides clarity on economic policy, dealers said.Prime Minister Ranil Wickremesinghe is expected to announce the country's medium-term economic policy framework on Thursday, while the 2016 budget ...
China gives currency largest boost in a decade BEIJING: China raised the central rate for its yuan currency by the largest amount in a decade Monday, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets.The world's second largest economy adjusted the yuan's mid-rate upwards by 0.54 percent against the US dollar, according to an announcement by the central People's Bank of China (PBOC).Bloomberg News reported that the increase was the largest since 2005, when Beijing unpegged ...
Dollar struggles after weak US, China data TOKYO: The dollar extended its losses against the yen and euro Monday as weak US and Chinese data fuelled concerns about the global economy, and bolstered the case against a December rate rise.The US government said Friday that consumer spending rose only by 0.1 percent in the United States in September, less than expected and the slowest rate since January. More US figures, including jobs data, is on tap for later in the week.The strength ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln