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Dollar edges higher in Asia TOKYO: The dollar edged up against the euro and the yen in Asian trade Thursday, building on the 11-month high it reached against the European currency overnight as the market eyed US rate hikes.In afternoon Tokyo trade, the euro was quoted at $1.3244 and 137.55 yen, down from $1.3258 and 137.57 yen in New York late Wednesday.The dollar fetched 103.86 yen, up from 103.76 yen.The greenback's climb came after the US Federal Reserve released minutes from its July 29-30 meeting showing policymakers increasingly at odds over how strong the labour market is and what that means for inflation -- a key issue in planning rate hikes next year.The intensifying debate signalled an increased, albeit still measured, level of hawkish sentiment in the Fed that could speed up any rate hike.The dollar rose after the Fed minutes "pointed to more lively debate over US labour market improvement and what that might ...

China's yuan snaps 6-day gaining streak on weak PMI, midpoint HONG KONG: China's yuan snapped a six-day gaining streak on Thursday after the central bank set a weaker midpoint and on further signs that recovery of the world's second-largest economy remains patchy.The spot yuan dropped to the lowest level in a week near midday and is heading toward the biggest daily loss since June 16 when the Chinese currency fell 0.23 percent against the dollar.Growth in China's vast factory sector slowed to a three-month low ...
Dollar edges higher in Asia TOKYO: The dollar edged up against the euro and the yen in Asian trade Thursday, building on the 11-month high it reached against the European currency overnight as the market eyed US rate hikes.In late morning Tokyo trade, the euro was quoted at $1.3248 and 137.70 yen, down from $1.3258 and 137.57 yen in New York late Wednesday.The dollar fetched 103.92 yen, up from 103.76 yen.The greenback's climb came after the US Federal Reserve released ...
Indian rupee hits 3-week high on debt-related dollar inflows MUMBAI: The Indian rupee rose to a near three-week high against the dollar on Wednesday on the back of strong foreign investor buying in the debt market, although greenback demand from importers and a fall in shares limited further gains.Traders said a large foreign bank was spotted selling dollars, amounting to around $250 million, for investment intended into government bond markets.The focus will shift to global factors, including the release of the minutes of the ...
Sri Lanka rupee edges down on foreign outflows COLOMBO: The Sri Lankan rupee fell on Wednesday due to heavy dollar demand from banks to facilitate selling in shares by a U.S.-based fund, but dealers said moral suasion by the central bank capped the depreciation.The rupee ended at 130.19/23 per dollar after declining to 130.22 earlier in the day. It had closed at 130.13/14 on Tuesday.U.S.-based fund Janus sold shares in conglomerate John Keells Holdings Plc, resulting in a net foreign outflows of 4.52 ...
Won, Philippine peso lead Asia FX losses on strong US housing data SINGAPORE: The South Korean won and the Philippine peso led slides among emerging Asian currencies on Wednesday as the dollar hit an 11-month high on strong US housing data.Offshore funds sold the won, while the currency came under further pressure from dollar demand from importers for payments.The peso slid as investors rushed to cover short positions in the dollar as Philippines' local financial markets will be closed on Thursday for a holiday.Malaysia's ringgit fell as ...
Won leads Asia FX slides on strong US housing data SINGAPORE: The South Korean won led losses among emerging Asian currencies on Wednesday as the dollar hit an 11-month high on strong US housing data.Offshore funds sold the won and the Malaysian ringgit. The Indonesian rupiah slid on month-end corporate dollar demand and on worries over the nation's current account and budget deficits.China's yuan broke a five-session rising streak after the central bank set the official guidance rate slightly weaker.The dollar rose to a near ...

 



 
Index Closing Chg%
Arrow DJIA 17,079.57 0.25
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Arrow Nikkei 15,459.86 0.48
Arrow H.Seng 24,741.00 0.71
Arrow Sensex 26,638.11 0.29





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln