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Singapore dollar edges up as volatility spikes on Swiss shock SINGAPORE: The Singapore dollar edged higher on Friday in a reflection of what analysts said were traders being forced to shift their positions and strategies, after Switzerland's unexpected move to abandon its cap on the franc jolted financial markets.The Singapore dollar rose about 0.2 percent to 1.3238 versus the US dollar, edging away from a four-year low of 1.3419 set last week."Since volatility has risen suddenly, a position unwinding type of move seems to be taking place," said a trader for a Japanese bank in Singapore, referring to Asian currencies in general.The Swiss franc had surged as much as 30 percent to a high of 0.8500 franc per euro on Thursday after the Swiss National Bank (SNB) suddenly ditched its cap on the Swiss franc."We see a broader deleveraging dynamic happening in EM as a result of that. A lot of investors or corporates who were hit by the move ...

Euro under pressure after Swiss franc peg yanked TOKYO: The euro was struggling on Friday in Asia after plunging in reaction to Switzerland's surprise decision to remove its currency peg against the unit, sending investors fleeing for safer currencies.Markets were blindsided Thursday when the Swiss National Bank said it would scrap its 1.20 franc link to the euro, which had been in place since the height of the European debt crisis three years ago.The SNB had been defending the exchange rate since September ...
Ringgit gets respite; rupee rises after central bank cuts rate SINGAPORE: The Malaysian ringgit rose on Thursday, getting some respite in the wake of its drop to a near six-year low earlier this week, while the Indian rupee rose after the central bank surprised markets with an early interest rate cut.The ringgit was quoted at 3.5640 versus the dollar, up from Wednesday's low of 3.6020, the lowest since April 2009, according to Reuters data.Stop-loss orders and a drop in the Singapore dollar against the ringgit ...
Yen rally fizzles in Asia TOKYO: The yen dipped in Asian trade Thursday, with a recent rally running out of steam as a surprise uptick in oil prices boosted sentiment.In Tokyo, the dollar rose to 117.71 yen, up from 117.39 yen late in New York, where at one point it hit a low of 116.08 yen."The risk-off sentiment pushed the dollar-yen pair to as low as 116, but that was probably going too far in the short term," Mitsushige Akino, ...
Yen up in Asia on oil fears, euro hit by stimulus talk TOKYO: The yen rose in Asia on Wednesday as plunging oil prices sent jittery investors into safer assets, while the euro was hit by expectations of more stimulus from the European Central Bank (ECB).In Tokyo, the dollar slipped to 116.79 yen, from 117.90 yen in New York and well down from levels above 118 yen in Asia earlier Tuesday.The euro weakened to 137.69 yen from 138.84 yen in US trade while it edged up to ...
Yen up in Asia on oil fears, euro hit by stimulus talk TOKYO: The yen rose in Asia on Wednesday as plunging oil prices sent jittery investors into safer assets, while the euro was hit expectations of more stimulus from the European Central Bank (ECB).In Tokyo, the dollar slipped to 117.50 yen, from 117.90 yen in New York and well down from levels above 118 yen in Asia earlier Tuesday.The euro weakened to 138.31 yen and $1.1770 from 138.84 yen and $1.1777 in US trade, after comments ...
Sri Lanka rupee forwards rise on dollar selling by state bank COLOMBO: Sri Lanka rupee forwards ended firmer on Tuesday as a state-run lender sold dollars ahead of holidays on Wednesday and Thursday even as traders sought clarity on economic policy from the newly-elected government led by President Maithripala Sirisena.Four-day forwards, which were actively traded, closed higher at 132.25/35 per dollar, compared to Monday's close of 132.75/85."A state bank sold dollars and allowed the rupee to appreciate up to 132.00. Then, the same state bank started ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln