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Dollar soars against yen in Asia TOKYO: The dollar soared to a fresh six-year high in Asia on Thursday, while the pound recovered on easing concerns about Scotland's independence vote and hints of a Bank of England rate hike.In afternoon Tokyo trading, the greenback fetched 106.95 yen, after briefly shooting past the 107 yen level, marking its highest point since September 2008 during the global financial crisis, and up from 106.85 yen in New York.The euro was mixed, buying $1.2906 and 138.08 yen from $1.2916 and 138.02 yen in US trade.The yen's sustained weakness came as Japanese Prime Minister Shinzo Abe met Thursday afternoon with Bank of Japan Governor Haruhiko Kuroda, who repeated a pledge to expand monetary easing measures, if necessary, as the bank looks to reach 2.0 percent inflation by next year. That target is a key part of Tokyo's bid to conquer the deflation that weighed on Japan's economy for years."If we face ...

China's yuan falls slightly on central bank guidance HONG KONG: China's yuan fell slightly against the dollar on Thursday, guided by a weaker midpoint set by the central bank to reflect strength in the global dollar index.The People's Bank of China fixed the midpoint at 6.1453 per dollar prior to market open, down 0.05 percent from the previous day's 6.1425.The spot market changed hands at 6.1315 near midday, down 0.03 percent from Wednesday's close at 6.1299.The yuan's spot rate is currently allowed to ...
South Korean won slumps to 1-month low after dollar rally, shares lower SEOUL: The South Korean won fell to a one-month low on Thursday in its first trading session after a three-day holiday break, pressured by an extended dollar rally which has seen the greenback hit multi-year highs against a basket of currencies.The won fell more than 1 percent to 1,035.4 tothe dollar in early morning trade, its lowest intraday level since Aug. 8. South Korean markets were closed Monday through Wednesday for the country's autumn thanksgiving ...
Dollar holds gains in Asia TOKYO: The dollar was steady in Asia Thursday after hitting a six-year high against the yen, while the pound recovered on Bank of England rate hike hints and easing concerns about Scotland's independence vote.In midday Tokyo trading, the dollar bought 106.74 yen, slightly down from 106.85 yen in New York, its highest levels since the global financial crisis in 2008.The euro dipped to $1.2914 and 137.85 yen from $1.2916 and 138.02 yen in New York.Dealers ...
Indian rupee weakens to near 1-month low on Fed worries MUMBAI: The Indian rupee weakened to its lowest in nearly a month on Wednesday tracking falls in emerging markets due to worries the U.S. Federal Reserve would raise interest rates earlier than expected, although exporters' dollar sales capped broader falls.Emerging markets tracked falls in Wall Street and a rise in U.S. bond yields after a San Francisco Federal Reserve Bank paper released on Monday showed investors underestimated the speed at which the Fed might raise ...
Philippine peso near 1-month low, yuan bucks Asia FX slide SINGAPORE: The Philippine peso fell to a near one-month low on Wednesday after export growth slowed, while most emerging Asian currencies eased on growing views that the US Federal Reserve would raise interest rates earlier than expected.China's yuan, bucked the trend, hovering at six-month highs against the dollar after the central bank set a stronger midpoint for a second day.The peso lost as much as 0.6 percent to 43.95 per dollar, its weakest since Aug. ...
Sri Lankan rupee falls on importer dollar demand COLOMBO: The Sri Lankan rupee fell on Wednesday as importer dollar demand outpaced inward remittances and greenback sales by exporters, dealers said.The rupee ended at 130.25/29 per dollar compared with Tuesday's close of 130.22/24."The rupee was weaker on continued importer dollar demand, possibly for oil bills, and we saw some foreign bond holders exiting too," said a currency dealer asking not to be named.Foreign investors sold a net 3.45 billion rupees ($26.50 million) worth of ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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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