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Yuan hits 2-mth high as sentiment improves on suspected central bank support SHANGHAI: China's yuan hit its highest level against the dollar since mid- January on Wednesday, breaching a psychologically important barrier, buoyed by a firmer central bank midpoint and massive dollar sales by big state-owned banks, traders said.Sentiment towards the Chinese currency has been greatly strengthened by suspected central bank intervention in the past two weeks, which markets viewed as the bank persistently signalling its preference for yuan stability."Now we feel more confident to sell dollars as we know the authorities' attitude," said a trader at a Chinese city commercial bank in Shanghai.Spot yuan opened at 6.2400 per dollar, touching an intraday high of 6.2300 in early trade.It trimmed some gains to change hands at 6.2376 per dollar by late morning, still up 0.2 percent from Tuesday's close and effectively breaching the 6.24, a psychological resistance.The People's Bank of China (PBOC) showed its intention to keep the currency steady by setting ...

Dollar steady as eyes on Fed announcement TOKYO: The dollar remained steady against the yen on Wednesday as investors waited for a policy announcement by the US Federal Reserve.The dollar bought 121.32 yen in Tokyo trade, compared with 121.34 yen in New York late Tuesday.The euro edged up to $1.0608 and 128.69 yen from $1.0590 and 128.51 yen in US trade after German data showed investor confidence rose to a 13-month high in March.The US central bank's decision-making Federal Open Market Committee ...
Sri Lanka rupee forwards down on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker for a second session on Tuesday on importer dollar demand, but moral suasion prevented a sharper fall as the market waited for cues on interest rates a day ahead of the central bank's monetary policy announcement.Actively-traded two-week rupee forwards ended at 134.00/134.10 per dollar compared to Monday's close of 133.85/95, dealers said.Dealers said the central bank prevented trades in two-week forwards above 134.00, which forced traders to trade ...
Dollar steady in Asia as BoJ holds fire TOKYO: The dollar held up against the yen and euro on Tuesday ahead of a closely watched Federal Reserve policy meeting, while the yen faced pressure after the Bank of Japan warned of zero inflation "for the time being".In afternoon Tokyo trading, the greenback was at 121.36 yen, little changed from 121.35 yen in New York late Monday.The euro, which hit a 12-year low Monday below $1.0500, bought $1.0567 against $1.0565 in US trade.The single ...
Dollar rebounds in Asia as BoJ holds fire TOKYO: The dollar was marginally higher against the yen and euro Tuesday ahead of a closely watched Federal Reserve policy meeting, while the yen faced pressure after the Bank of Japan warned of zero inflation "for the time being".In midday Tokyo trading, the greenback was at 121.43 yen, up slightly from 121.35 yen in New York late Monday.The euro, which hit a 12-year low Monday below $1.0500, bought $1.0570 against $1.0565 in US trade.The single ...
Sri Lanka rupee forwards fall on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Monday on importer dollar demand, but moral suasion by the central bank prevented a sharper fall as the market waited for cues on interest rates, which have been rising since last month.Actively-traded two-week rupee forwards fell to 134.00 before the central bank prevented it trading below that level, and ended at 133.85/95 per dollar, down from Friday's close of 133.75/85, dealers said."The central bank prevent the fall ...
Euro slips to fresh 12-year low on dollar TOKYO: The euro fell to another 12-year low against the dollar Monday, hit by the European Central Bank's huge stimulus programme, while investors await the US Federal Reserve's policy meeting this week.In early Tokyo trading, the euro briefly dropped to $1.0451 -- its lowest since January 2003 and down from $1.0489 in New York on Friday -- before recovering to $1.0543 by the afternoon.It rose to 127.77 yen from 127.38 yen in US trade.The dollar, ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln