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Fed rate hike caution hurts Asia FX sentiment; yuan exception SINGAPORE: Sentiment on most emerging Asian currencies turned bearish in the last two weeks as caution grew over the possibility of an earlier-than-expected US interest rate rise, while bullish bets on the Chinese yuan increased, a Reuters poll showed.Long positions in the yuan rose to their largest level since late January, according to a survey of 12 analysts conducted between Tuesday and Thursday.The renminbi earlier this week hit six-month highs as the central bank set its midpoint guidance stronger after a record high trade surplus in August.Most emerging Asian currencies, however, suffered from growing expectations that the Federal Reserve may raise interest rates earlier than expected on a solid US economy.On Monday, the San Francisco Fed report noted that investors were pricing in a lower trajectory for rate rises than members of the Fed itself.That sparked some speculations that the US central bank may signal an earlier rate hike in ...

Asia FX edge up; won near 5-week low on catch-up plays SINGAPORE: Most emerging Asian currencies edged up on Thursday as investors cut bearish bets amid some hopes of more economic stimulus from China after inflation data, while caution remained over the timing of a rate hike by the US Federal Reserve.The South Korean won failed to ride the regional rebound, hitting a near five-week low against the dollar as offshore hedge funds chased the greenback for catch-up plays after local holidays.The Philippine peso edged up ...
South Korean won hits 5-week low on post-holiday dollar chase, shares fall SEOUL: The South Korean won touched a 5-week intraday low on Thursday as investors played catch-up to the dollar following its appreciation against regional currencies while Seoul markets were shut for an extended holiday weekend. South Korea's financial markets were closed from Monday through Wednesday to mark the country's autumn thanksgiving holiday. The won was quoted at 1,036.1 to the dollar at the conclusion of onshore trade on Thursday, compared to the previous session close ...
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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43






Banking Review 2013


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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