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China's yuan falls vs dollar on weaker-than-expected factory data SHANGHAI: China's yuan weakened against the dollar on Monday as growth fears deepened after the release of China's factory output data over the weekend, offsetting a firmer midpoint set by the central bank.China's factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled.The People's Bank of China (PBOC) set the midpoint rate at 6.1452 per dollar prior to market open, up 0.03 percent from the previous fix. The spot rate is currently allowed to trade 2 percent above or below the midpoint.But the yuan's spot rate was changing hands at 6.1387 by midday, down 0.07 percent from the previous close. Copyright Reuters, 2014 ...

US dollar steady ahead of US Federal Reserve meeting SINGAPORE: The US dollar was steady in Asia Monday on speculation that the US Federal Reserve will bring forward its timetable to raise interest rates, analysts said, while fears over Scotland's independence vote pressured the pound.The US dollar stood at 107.26 yen in mid-morning Singapore, down slightly from 107.31 yen in New York late Friday but still at levels not seen since September 2008. The euro stood at $1.2967 from $1.2964, while slipping to 139.08 ...
Sri Lankan rupee little changed from 7-week low COLOMBO: The Sri Lankan rupee traded nearly unchanged from the 7-week low touched on Thursday as exporter dollar sales and remittances kept pace with demand for the greenback from importers, dealers said.The rupee, was trading at 130.28/30 per dollar at 0710 GMT, only a tad firmer from Thursday's close of 130.28/31, which was its lowest closing since July 21."Rupee is firmer on remittances and exporter conversions; we have seen a state bank selling dollars at ...
Yen slides in Asia after BoJ head meets Japan PM TOKYO: The yen slid in Asia on Friday as speculation over more Bank of Japan monetary easing gathers pace, while the dollar won support from growing confidence in the US economic recovery.In Tokyo afternoon trading, the greenback jumped to 107.23 yen, from 107.11 yen in New York. The dollar last breached the 107-yen level in September 2008.The euro also rose to 138.69 yen from 138.39 yen, while it was flat at $1.2921 against $1.2919 in ...
Yen slides again in Asia after BoJ head meets Japan PM TOKYO: The yen slid in Asian trading Friday as speculation over more monetary easing gathers pace, while the dollar won support from growing confidence in the US economic recovery.In Tokyo midday trading, the greenback jumped to 107.35 yen, from 107.11 yen in New York. The dollar last breached the 107-yen level in September 2008.The euro also rose to 138.72 yen from 138.39 yen, while it was flat at $1.2920 against $1.2919 in the US.In other ...
Philippine peso NDFs up further after rates hikes; won near 5-week low SINGAPORE: The Philippine peso extended gains in offshore markets on Thursday after the central bank raised both the benchmark interest rate and the rate on its special deposit accounts in its most aggressive move against inflation.Bangko Sentral ng Pilipinas hiked the overnight borrowing rate to 4.0 percent, a level not seen since July 2012, and the SDA rate to 2.50 percent.The central bank also raised its inflation estimates for 2014 to 2016, a senior official ...
Fed rate hike caution hurts Asia FX sentiment; yuan exception SINGAPORE: Sentiment on most emerging Asian currencies turned bearish in the last two weeks as caution grew over the possibility of an earlier-than-expected US interest rate rise, while bullish bets on the Chinese yuan increased, a Reuters poll showed.Long positions in the yuan rose to their largest level since late January, according to a survey of 12 analysts conducted between Tuesday and Thursday.The renminbi earlier this week hit six-month highs as the central bank set ...

 



 
Index Closing Chg%
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Arrow H.Seng 24,306.16 0.57
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln