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China's yuan hits seven-month high on strong midpoint SHANGHAI: China's yuan edged up against dollar on Thursday, buoyed by a strong midpoint fixing by the central bank and continuing an appreciation trend that started in late September.The currency hit the seven-month high at 6.1209 per dollar in early trade but trimmed some gains by midday after the central bank posted September credit data.The People's Bank of China set its midpoint rate up 0.1 percent at 6.1395 per dollar in response to a 0.8 percent weakening of the dollar index in global markets overnight.That was the Chinese official rate's strongest level since mid-March when the central bank doubled the yuan/dollar trading band to 2 percent.The spot market opened at 6.1259 per dollar, and was changing hands at 6.1240 by midday, 0.03 percent firmer than the previous close.Chinese banks made 857.2 billion yuan worth of new loans in September, data showed on Thursday, beating market expectations in a sign that ...

Dollar sharply lower after weak data raises growth fears TOKYO: The dollar was sharply lower on Thursday, its appeal deeply dented after poor US data sparked growth concerns that sent equities tumbling and Treasury yields plunging.Already on shaky ground after being buffeted by lingering growth concerns over the past few sessions, a string of downbeat economic data including weak retail sales and manufacturing activity numbers dealt Wall Street a fresh blow overnight, sending the S&P 500 down by as much as 4.4 percent.Safe-haven US ...
China's yuan trades at 6.1209 per dollar, highest since March SHANGHAI: China's yuan traded at its strongest level at 6.1209 per dollar since early March on Thursday, continuing a recent appreciating course after the central bank set the guidance rate up.The central bank set the official midpoint at 6.1395 per dollar on Thursday morning, the highest rate since mid-March when the bank widened the official trading band. The spot market went on to quickly rise to 6.1209 per dollar before backing off slightly. The currency ...
Dollar down sharply as yields plunge on growth fears TOKYO: The dollar was sharply lower on Thursday, its appeal deeply dented after poor US data added to growth concerns that sent equities tumbling and Treasury yields plunging. Already on shaky ground after being buffeted by growth concerns over the past few sessions, a string of downbeat economic data including weak retail sales and manufacturing activity numbers dealt Wall Street a fresh blow overnight, sending the S&P 500 down by as much as 4.4 percent ...
Dollar under pressure in Asia after US sell-off TOKYO: The dollar struggled against the yen in Asia on Thursday after tumbling in New York trade in response to a weak batch of US data that has sparked fears about the world's number one economy.In midday Tokyo trade, the dollar bought 106.00 yen, slightly up from 105.91 yen in New York, but sharply lower than 107.33 yen in Tokyo earlier Wednesday. At the start of the month, the greenback broke 110 yen for the ...
Poor German data hits euro in Asia TOKYO: The euro slipped in Asia on Wednesday after more gloomy data out of Germany exacerbated worries about Europe's largest economy and the engine of eurozone growth.In Tokyo midday trading, the single currency fell to $1.2636 and 135.40 yen from $1.2659 and 135.62 yen in New York, while the dollar edged up to 107.22 yen from 107.13 yen.Germany's widely watched ZEW investor confidence index fell in October for a 10th consecutive month, hitting its lowest ...
Indian rupee marks lowest close in over 1 week; dollar rebounds MUMBAI: The Indian rupee slumped on Tuesday, retreating from a nearly three-week high hit earlier in the day as growing worries about global economic growth sparked a recovery in the dollar, offsetting data showing sharply easing domestic inflation.The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace.The advance in the greenback ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln