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Yuan falls on corporate dollar demand, economic data has no impact SHANGHAI: China's yuan fell slightly against the dollar for the second day on Tuesday, pushed down by corporate demand for dollars after the central bank set another weaker midpoint, traders said.Spot yuan stood at 6.2109 per dollar by midday, 0.08 percent weaker than Monday's close, after the People's Bank of China (PBOC) fixed its official midpoint at 6.1490 per dollar, down 0.01 percent from Monday's fix.Chinese companies and banks have tended to keep more dollars on hand in recent months after the PBOC engineered a steep yuan depreciation in the first four months of the year to stop speculation the currency would keep on rising. That has changed market anticipation of the future value of the yuan.Economic data issued on Tuesday did not have an immediate impact on the yuan's movements, traders said, with the market waiting for Chinese GDP data on Wednesday.Chinese banks gave a much stronger-than expected 1.08 ...

South Korea won drops more than 1pc as foreigners sell ahead of Yellen SEOUL: The South Korean won dropped by more than 1 percent against the dollar on Tuesday, weighed down by offshore investors seeking the US dollar ahead of a much anticipated testimony by Federal Reserve chief Janet Yellen. The won was quoted at 1,028.3 against the dollar as of 0537 GMT, down 1 percent from Monday's local close at 1,018.2 and headed to notch its worst daily performance since Feb. 3. Copyright Reuters, 2014 ...
Dollar edges up on yen after Bank of Japan trims GDP forecast TOKYO: The dollar edged up against the yen on Tuesday after the Bank of Japan tweaked its growth forecast lower, although currency moves were small as investors waited for Federal Reserve Chair Janet Yellen's congressional testimony later in the session.The BOJ kept monetary policy steady as expected and trimmed its economic growth forecast for the current fiscal year to March 2015 to reflect soft exports and a slump in household spending after a sales tax ...
Dollar on ice as markets await Yellen's testimony TOKYO: The dollar remained frozen in recent ranges in Asia on Tuesday, as investors awaited Federal Reserve Chair Janet Yellen's congressional testimony later in the session for signals to when US interest rates might head higher.The Bank of Japan, meanwhile, is expected to maintain its stimulus programme on Tuesday and its projection that inflation will approach its 2 percent target next year, though it might slightly cut its economic growth forecast.With any modification in the ...
South Korean won falls ahead of Yellen testimony, stocks rise SEOUL: The South Korean won fell on Tuesday as foreigners bought dollars ahead of a closely watched testimony by Federal Reserve Chair Janet Yellen to a US Senate committee later in the day.The won was quoted at 1,024.6 to the dollar as of 0235 GMT, down 0.63 percent from Monday's domestic close at 1,018.2. It was poised for its worst intraday loss since February this year."The market currently anticipates US interest rates will be raised ...
Asian currencies mostly firmer; rupiah falters SINGAPORE: Emerging Asian currencies mostly inched higher on Monday, stabilising after taking a fall late last week, as investor jitters over problems at a Portuguese bank eased.Many Asian currencies had declined late last week as investors booked profits due to fears about the potential fallout from financial troubles at the family-owned holding companies behind Portugal's largest-listed bank.Market jitters, however, have gradually eased in the wake of a statement by Banco Espirito Santo, saying that loan ...
Yen weakens in Asia as Bank of Japan starts meeting TOKYO: The yen weakened in Asian trade Monday as the Bank of Japan kicked off a two-day policy meeting, with investors also eyeing testimony from the head of the US Federal Reserve later this week.In Tokyo afternoon trading the greenback rose to 101.40 yen, up from 101.23 yen in New York on Friday, while the euro strengthened to 137.95 yen from 137.78 yen in US trading.The euro was nearly flat against the dollar at $1.3602 ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
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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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln