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Yuan surges in record trading session, recoups 2015 losses SHANGHAI: China's yuan firmed sharply for the third straight day on Thursday, breaking through its 200-day moving average and recouping all of its losses for the year as corporate flight out of long-dollar positions intensified.The People's Bank of China set the midpoint rate at 6.146 per dollar prior to market open, firmer than the previous fix of 6.1556.The spot market opened at 6.2140 per dollar and was changing hands at 6.1961 at midday, -333 pips away from the previous close and 0.82 percent away from the midpoint. The spot rate is currently allowed to trade with a range 2 percent above or below the official fixing on any given day.Copyright Reuters, 2015 ...

Dollar pressured after Fed tempers interest rate talk TOKYO: The dollar struggled to recover Thursday after diving on comments from the US Federal Reserve that cooled expectations of an early summer interest rate hike.In Tokyo, the greenback briefly fell below 120 yen before ticking up to 120.22 yen by midday, well down from 121.35 yen level in Tokyo before the US central bank's announcement. The euro changed hands at $1.0809 and 129.92 yen, down from $1.0871 and 130.54 yen in New York but ...
Sri Lanka rupee steady; bond sale probe weighs COLOMBO: Sri Lankan rupee forwards ended steady on Wednesday after falling in two sessions on moral suasion by the central bank amid importer dollar demand, while concerns over a government probe into bond sales since 2012 hurt sentiment, dealers said.Sri Lanka has launched a probe into allegations of corruption in government bond sales held by the central bank since 2012, the prime minister said on Tuesday, after opposition parties called for an independent investigation into ...
Yuan up 0.33pc on suspected intervention, biggest daily gain in a year SHANGHAI: The yuan posted its strongest daily gain in a year as the People's Bank of China (PBOC) set a stronger midpoint on Wednesday and big state-owned banks sold dollars, possibly on behalf of the central bank, traders said.The yuan ended at 6.2294 per dollar, rising 0.33 percent from Tuesday to make its biggest daily rise since March 24. 2014. It was also its highest closing level since Jan. 23 this year.The PBOC set the ...
Dollar steady as eyes on Fed announcement TOKYO: The dollar was stuck in a tight range on Wednesday as investors waited for a policy announcement by the US Federal Reserve.The greenback bought 121.35 yen in Tokyo trade, compared with 121.34 yen in New York late Tuesday.The euro held firm at $1.0595 and 128.57 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 ...
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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 17,776.12 1.11
Arrow Nasdaq 4,900.89 0.94
Arrow S&P 2,067.89 0.88
Arrow FTSE 6,773.04 1.72
Arrow DAX 11,966.17 0.99
Arrow CAC-40 5,033.64 0.98
Arrow Nikkei 19,206.99 1.05
Arrow H.Seng 24,900.89 0.81
Arrow Sensex 27,957.49 0.07





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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 20, 2015
Reserves $16.132 bln