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China's yuan firms but trades well below PBOC's stronger midpoint BEIJING: China's yuan firmed against the dollar on Thursday but continued to trade far below the official daily guidance rate as markets remained bearish due to speculation that the central bank will loosen monetary policy further.The spot market opened at 6.17 per dollar, up 0.11 percent from the previous close. The yuan was changing hands at 6.1718 at midday, 0.92 percent below the midpoint.The prospect of the People's Bank of China cutting the reserve requirement ratio (RRR) for Chinese banks, which would flood the market with renminbi and drive down its value, hung over the market.Analysts have predicted that the central bank could cut RRR as soon as this month in attempt to boost flagging economic growth, by further relaxing monetary policy after a surprise cut in loan and deposit rates in November.The yuan had closed up 0.2 percent against the dollar on Wednesday as traders suspected central bank intervention ...

Dollar mixed after falls on risk aversion TOKYO: The dollar was mixed in Asia on Thursday, after taking a hit in New York as dealers shifted to safer investments such as US government bonds.The greenback climbed to 118.15 yen in Tokyo afternoon trade, up from 117.85 yen in New York but still sharply down from 118.88 yen in Tokyo earlier Wednesday. The US unit had touched a seven-year high of 121.84 Monday.The euro rose to $1.2451 and 147.11 yen from $1.2446 and ...
Dollar mixed after falls on risk aversion TOKYO: The dollar was mixed in Asia on Thursday, after taking a hit in New York as dealers shifted to safer investments such as US government bonds.The greenback climbed to 118.15 yen in Tokyo midday trade, 117.85 yen in New York but still sharply down from 118.88 yen in Tokyo earlier Wednesday. The US unit had touched a seven-year high of 121.84 Monday.The euro rose to $1.2459 and 147.18 yen from $1.2446 and 146.68 yen ...
Yen's rally lifts Asia FX despite China deflation worries SINGAPORE: Most emerging Asian currencies rose on Wednesday as the yen advanced to briefly strengthen past 119 per dollar, prompting short-covering in regional units despite rising risks of deflation in China.South Korea's won outperformed regional peers to hit a near two-week high as the firm yen eased concerns that the country may lose export competitiveness to Japan.The won rose as much as 0.8 percent to 1,099.1 per dollar, its strongest since Nov. 27, on demand ...
Dollar slips in Asian trade TOKYO: The dollar slipped against the yen in Asian trade Wednesday as risk appetite subsided and as eurozone fears returned on news that Greece had brought forward a destabilising presidential election.The dollar bought 119.52 yen in Tokyo midday trade, slipping from 119.63 yen in New York overnight, lengthening its losses from 120.18 Tokyo earlier Tuesday.Against the euro, the greenback was rangebound, standing at $1.2372, compared with $1.2378 in New York.The single currency bought 147.89 yen, ...
Yen up against dollar and euro in Asian trade TOKYO: The safe-haven yen firmed against the dollar and the euro in Asian trade Wednesday as risk appetite subsided and as eurozone fears returned on news that Greece had brought forward a destabilising presidential election.The dollar bought 118.88 yen in Tokyo afternoon trade, slipping from 119.63 yen in New York overnight, extending its losses from 120.18 in Tokyo earlier Tuesday.The euro was mixed, fetching $1.2392 and 147.33 yen against $1.2378 and 148.01 yen in New ...
Solid yen supports Asia FX; China deflation worries weigh SINGAPORE: Most emerging Asian currencies rose on Wednesday, helped by the yen's strength, while gains were limited by rising risk of deflation in the world's second-largest economy.China's consumer inflation in November hit a five-year low, signalling persistent weakness in the economy and raising the prospect of more stimulus to support growth.South Korea's won hit a near two-week high against the dollar as the firm yen eased concerns that the country may lose export competitiveness to ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln