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Won leads Asia FX gains as yen rebounds despite Japan's slump SINGAPORE: The South Korean won led gains in emerging Asian currencies on Monday as the yen rebounded from a seven-year low struck after data showed Japan's economy unexpectedly slipped into recession, hitting Tokyo stocks.The won recovered from a 14-month trough to outperform regional units as the currency is more sensitive to the yen than its peers.The South Korean currency also found support from demand by exporters for settlements and stop-loss dollar selling.Thailand's baht gained as the central bank lowered expectations for an interest rate cut, even though third quarter economic growth missed expectations.The Philippine peso edged up on remittance inflows from overseas Filipino workers, but gave up some of those gains after the country's main tax agency missed a revenue goal in October.The yen hit a seven-year low against the dollar after data showed Japan's economy contracted an annualised 1.6 percent in the third quarter, reinforcing expectations of a snap ...

Sri Lanka rupee forwards weaker on importer dollar demand; central bank caps fall COLOMBO: Sri Lanka rupee forwards traded weaker on Monday due to importer dollar demand, while moral suasion by the central bank prevented a further fall in the local currency, dealers said. The central bank governor on Friday said the rupee is on an appreciation trend and the monetary authority would manage any volatility through intervention.However, dealers said the local currency was under downward pressure as imports continue to rise in a stable exchange rate regime ...
Yen up against dollar after poor Japan GDP data TOKYO: The yen climbed against the dollar in Asia Monday after briefly hitting a seven-year low in response to data showing Japan had slumped into recession.In Tokyo, the dollar rose above 117 yen for the first time since October 2007 just minutes after the official figures were released, before tumbling below 116 yen.It was the biggest jolt to the yen since the Bank of Japan's widened its monetary easing programme on October 31.In afternoon trade ...
Dollar retreats from 7 year high vs yen as Japan recession hits Nikkei TOKYO: The dollar swung wildly against the yen on Monday, initially spiking to a seven-year high after data showed Japan's economy unexpectedly slipped into recession before pulling down as the grim economic news sent Tokyo stocks tumbling. Data on Monday showed Japan's economy shrank an annualised 1.6 percent in July-September, confounding expectations for a modest rebound and solidifying the view premier Shinzo Abe will call a snap election and delay a second sales tax hike ...
China's yuan edges higher as stock connect scheme debuts HONG KONG: China's yuan firmed slightly on Monday as a landmark scheme connecting the Hong Kong and mainland stock markets got underway, gaining against a dollar that slipped into pause mode after its recent strength against a basket of major currencies.On Monday, spot yuan stood at 6.1260 per dollar in late morning trades, 0.07 percent stronger than Friday's close of 6.1307 per dollar.The People's Bank of China fixed the daily midpoint fixing at 6.1409 per ...
Yen on roller coaster in Asia after poor Japan GDP data TOKYO: Japan's currency was on a roller coaster ride in Asia Monday as news that the country had slumped into recession initially pushed the yen to a seven-year low before it quickly reversed course.In Tokyo, the yen fell below 117 against the dollar for the first time since October 2007 just minutes after official data showed Japan's economy dropped into a recession after a second-straight quarter of contraction.It was the biggest jolt to the unit ...
Indian rupee sees biggest fall in a week on broad dollar rise MUMBAI: The Indian rupee saw its biggest single-day fall in a week on Friday tracking a continued resurgence globally in the dollar, even as strong foreign buying continues to lift domestic share markets to record highs. The rupee fell 0.1 percent for the week, posting its third consecutive weekly fall, despite rallies this month in debt and share markets over solid foreign buying. Falls in emerging market currencies such as the rupee come as the ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln