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Won and ringgit slip as dollar stays firm after Yellen SINGAPORE: The South Korean won and the Malaysian ringgit sagged on Wednesday as the dollar managed to hold firm after U.S. Federal Reserve Chair Janet Yellen's testimony the previous day was seen as relatively balanced.The dollar's generally firm tone seemed to be spilling over into Asian currencies, said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo."The general market sentiment is that the dollar is starting to show a bit of resilience...and some short-covering is taking place," Murata said, adding that there was some caution toward Asian currencies in the wake of their recent rally.Against a basket of major currencies, the dollar touched a one-month high on Wednesday.The won hit a 2-1/2-month low versus the dollar after comments from South Korea's finance minister and central bank governor increased expectations of a rate cut.Data showing that China's economy grew slightly faster than expected in the second quarter helped the won ...

Dollar rises in Asia on Fed chief rate comments TOKYO: The dollar rose in Asia on Wednesday as the head of the US Federal Reserve indicated that interest rates could rise earlier than expected if the world's biggest economy continues to pick up pace.In Tokyo afternoon trade, the dollar bought 101.73, up a tad from 101.67 yen late in New York and 101.50 yen in Tokyo earlier Tuesday.The euro bought $1.3561 and 137.97 yen, little changed from $1.3570 and 137.97 yen in US trade.Fed ...
Yuan edges up after China posts slightly stronger-than-expected Q2 growth SHANGHAI: The yuan edged up against the dollar on Wednesday after China's economic growth for the second quarter came in moderately better than expected, helping to offset a weaker central bank midpoint.Spot yuan stood at 6.2066 by midday, up 0.02 percent from Tuesday's close."The slightly better-than-expected GDP figures help to reinforce market participants' stance on going long on the yuan for now," said a trader from an Asian bank in Shanghai.China's economy grew 7.5 percent ...
South Korean won falls to near 2-1/2 month low, stocks steady SEOUL: The South Korean won fell early on Wednesday after comments from the country's finance minister and central bank governor increased expectations of a rate cut, although slightly better-than-expected China growth data erased some losses.The local currency was quoted at 1,033.1 as of 0302 GMT, 0.55 percent down from Tuesday's domestic close of 1,027.4. It touched 1,036.1, the won's weakest level since April 28.As expectations of monetary expansion grow, "foreign investors are buying dollars," a ...
Dollar, euro hold gains against yen after BoJ meeting TOKYO: The dollar and euro maintained recent gains against the yen on Tuesday after the Bank of Japan held off expanding its huge stimulus programme.After a two-day meeting the central bank said the world's number three economy was recovering despite activity taking a hit from an April sales tax hike.The dollar fetched 101.59 yen in Tokyo, the same rate before the decision and marginally up from 101.54 yen in New York Monday afternoon. The euro ...
Sri Lanka rupee hits over 1-year high; stocks at 33-month peak COLOMBO: The Sri Lankan rupee climbed to its highest in more than a year on Tuesday, as inflows from remittances and exporter dollar sales surpassed dollar demand from importers. State banks also lowered the dollar buying rate by two cents to curbed a sharp appreciation in the local currency.The rupee traded at 130.18/19 per dollar at 0530 GMT, its highest close since June 28, 2013 and firmer than Monday's close of 130.20/22.An official at the ...
Asian currencies retreat vs dollar ahead of Yellen's testimony SINGAPORE: Asian currencies fell back against the dollar on Tuesday after a strong run as some players squared positions ahead of US Federal Reserve Chair Janet Yellen's congressional testimony on monetary policy.The weakness in Asian currencies was in contrast to the firm tone in some regional equity markets, which suggested there was no broad retreat from risky assets.Shares in South Korea and Indonesia pushed higher, while their currencies fell."The only thing I can imagine is ...

 



 
Index Closing Chg%
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Arrow S&P 1,978.91 0.03
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Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln