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China's yuan strengthens to 6-month high after strong PBOC fixing SHANGHAI: China's yuan strengthened to a six-month high against the dollar on Tuesday after the central bank set a sharply stronger midpoint even amid worries that the economy is slowing.The yuan has been appreciating gradually since May, buoyed by a steady increase in China's foreign trade surpluses, partially reversing a sharp downtrend in the first four months of this year. But the focus has now turned to whether the People's Bank of China (PBOC) will continue to let the yuan appreciate further or intervene in the market to temper the its strength. Spot yuan firmed to 6.1317, its strongest since March, compared with last close of 6.1412 on Friday, after the People's Bank of China (PBOC) set the official midpoint at 6.1520 versus previous fixing of 6.1707. It was the biggest single-session rise in the midpoint since November 2010. Markets were closed on Monday for a public holiday. "Today's midpoint ...

Dollar extends gains in Asia TOKYO: The dollar extended its gains in Asia Tuesday, hovering around a six-year high against the yen, while the British pound struggled to recover from a sell-off fuelled by fears of Scottish independence.The dollar bought 106.26 yen in midday Tokyo trading, compared with 106.03 yen in New York Monday afternoon, soaring to its highest levels since during the global financial crisis.The euro slipped to $1.2872 against $1.2895, while it inched higher to 136.77 yen and ...
Indian rupee hits over 5-week high; central bank steps in to check gains MUMBAI: The Indian rupee gained on Monday, hitting a more than five-week high, as the weaker-than-expected U.S. jobs data raised hopes about additional foreign inflows, although broader gains were capped after the central bank was spotted intervening.The dollar slipped after data showed U.S. employers added the fewest jobs in eight months in August, eroding confidence in the economy and reviving bets that the Federal Reserve might leave interest rates near zero for longer than anticipated.The ...
India rupee at over 5-week high; weak US jobs data aids MUMBAI: The Indian rupee strengthened to a more than five-week high on Monday, tracking broad overnight losses in the dollar versus major currencies following the weaker-than-anticipated US jobs data.Gains in other Asian units versus the dollar also helped sentiment.By 9:05 a.m. (0335 GMT), the partially convertible rupee was at 60.24/25 per dollar, its strongest since July 31 and above its close of 60.39/40 on Friday.The dollar slipped on Friday after data showed US employers added ...
Dollar, euro in tight range as pound drops TOKYO: The dollar and euro moved in a narrow range Monday after the European Central Bank's surprise stimulus moves, while the British pound dropped as next week's Scottish independence vote tightens.The greenback was at 105.05 yen, against 105.06 yen in New York on Friday.The euro stood at $1.2953 and 136.08 yen, compared with $1.2951 and 136.14 yen in US trade.The pound bought $1.6225, extending its slide from $1.6323 after a YouGov survey for the Sunday ...
ECB stimulus fails to support Asia FX; US jobs data in focus SINGAPORE: Most emerging Asian currencies fell on Friday and faced weekly losses as the dollar rose across a broad front after the European Central Bank's fresh monetary stimulus and ahead of key US jobs data.The South Korean won led losses as Finance Minister Choi Kyung-hwan said the country may take action in response to the ECB's further easing.The ECB cut interest rates to record lows on Thursday and announced plans to buy asset-backed securities and ...
Sri Lankan rupee down marginally on importer dollar demand COLOMBO: The Sri Lankan rupee fell slightly against the dollar on Friday as importer demand for the greenback outpaced inward remittances and selling of the US currency by exporters, dealers said.They said the three-day forward, or spot next, was actively traded. They expect the local currency to remain steady for the rest of the year after central bank Governor Ajith Nivard Cabraal said recently the banking regulator would intervene in the thinly-traded market whenever needed ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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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