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Dollar resumes rise vs yen, intervention warning knocks Aussie TOKYO: The dollar edged back toward a seven-year high struck earlier this week against the yen, as speculation swirled that Japan's Prime Minister Shinzo Abe will call a snap election in December. The greenback was up 0.2 percent at 115.74 yen, nearing the seven-year high of 116.11 yen notched on Tuesday. Elsewhere in the market, the Australian dollar slid after a Reserve Bank of Australia official said the central bank had not ruled out intervening to sell its own currency, which it regards as overvalued. The dominant factor in the market this week, however, has been talk of a snap election in Japan. Analysts reckon Abe would use a victory to implement a second round of reflationary policies and possibly delay a planned sales tax hike. This has spurred a rally in Tokyo's Nikkei share average and weighed on the yen. The Nikkei fell earlier in Thursday's session but was ...

Yen weak in Asia on Japan sales tax hike speculation TOKYO: The yen struggled in Asian trade Thursday amid speculation that Tokyo will delay a sales tax hike planned for next year, while the pound lost more ground after the Bank of England cut its growth and inflation forecasts.In Tokyo, the greenback rose to 115.69 yen, against 115.52 yen in New York, while the euro also climbed to 143.93 yen against 143.70 yen.The European single currency rose to $1.2443 against $1.2438.The yen has been under ...
South Korean won falls to 14 month low; shares up on bargain-hunting SEOUL: The South Korean won fell to a fresh 14-month low on Wednesday, tracking sharp declines in the Japanese yen on growing worries over political stability in Japan as well as a possible delay in the country's planned sales tax hike.The won was quoted at 1,100.0 to the dollar as of 0215 GMT, pushing above that level for the first time since Sept. 2, 2013.Japanese media said Prime Minister Shinzo Abe will delay a planned ...
China's yuan falls to 3-week low on central bank guidance SHANGHAI: China's yuan fell to a three-week low against the dollar on Wednesday after the central bank set another weaker midpoint.Spot yuan traded at 6.1272 per dollar by midday, 0.03 percent weaker than the previous close.The People's Bank of China (PBOC) set the midpoint at 6.1428, down 0.02 percent from Tuesday's fix.Traders said the central bank is likely to guide the Chinese currency to depreciate in the near term amid the slowing economy. A weaker ...
Yen off 7-year low after Japan official's comments cool election talk TOKYO/SYDNEY: The yen pulled back from a seven-year low against the dollar on Wednesday, after comments from a Japanese government official cooled heightened speculation that Prime Minister Shinzo Abe would call a general election in December. The yen had been flirting with a seven-year low against the dollar on growing views that Abe will postpone a sales tax hike and call a general election in December, offering investors an excuse to sell the currency. In ...
Indian rupee falls tracking broad dollar rally; CPI in focus MUMBAI: The Indian rupee weakened for a fourth session in five on Tuesday as the dollar resumed its recent rally while profit-taking in the local share market failed to provide the local unit much impetus.The dollar climbed to a seven-year high against the yen on Tuesday after a Japanese government official told Reuters that Prime Minister Shinzo Abe was likely to delay a planned sales tax increase.The index of the dollar against six majors was ...
Won leads Asia FX losses as yen tumbles; ringgit at 4-year low SINGAPORE: The won led losses in emerging Asian currencies on Tuesday due to speculation that South Korean authorities could intervene to weaken their own currency in order to protect export competitiveness against Japan as the yen hit a seven-year low.The won also slid ahead of the central bank's policy meeting on Thursday. The Bank of Korea is widely expected to leave policy interest rates unchanged this time, but many analysts anticipate that the next move ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln