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South Korean won rebounds from 15-month low on short-covering; shares edge down SEOUL: The South Korean won was firmer on Tuesday morning as investors covered short positions in the currency, consolidating recent gains in the dollar which has climbed on expectations of an early rate hike by the US Federal Reserve.The won was quoted at 1,113.1 to the dollar as of 0145 GMT, compared to Monday's closing rate of 1,117.7, pulling away from a 15-month intraday low of 1,121.7 seen in the previous session.The won found further relief as the Japanese yen rebounded from a string of 7-year lows, tempering worries of intervention by financial authorities who have repeatedly stressed that a weak yen is a danger for South Korean exporters.The yen/won cross rate was holding nearly steady at 9.2166, hovering just above a six-year low."The yen is oversold, especially given that there have been positive signals such as Japan's current account surplus coming in at more than double the initial forecasts," ...

Yuan slide quickens as Chinese forex market ignores central bank guidance SHANGHAI/BEIJING: China's yuan slid dramatically against the dollar on Tuesday, heading for the largest single-day drop in its relative value since 2008, as corporates bailed out of the currency on expectations of further monetary easing. Spot yuan slid nearly half a percent to 6.2007 per dollar in morning trade, accelerating a decline that began when China's central bank surprised markets last month by cutting interest rates, seen as bearish for the yuan. The slide began ...
Yen benefits from falling oil prices; commodity currencies slide SINGAPORE/SYDNEY: The yen edged higher on Tuesday as a fall in oil prices dented risk appetite and prompted investors to trim short positions in the Japanese currency. Commodity currencies extended their recent losses, with the Australian dollar setting a four-year low, while the Canadian dollar hit a five-year trough versus the US dollar.Against the yen, the greenback fell 0.4 percent to 120.25 yen, pulling further away from a seven-year high of 121.86 yen set on ...
South Korean won recovers on yen rebound; shares weighed by oil falls SEOUL: The South Korean won rose on Tuesday as a strong rebound by the yen reduced worries that South Korean l authorities would sell their currency to check its strength against the Japanese currency. The won was quoted at 1,107.8 to the dollar at the end of onshore trade, compared to Monday's close of 1,117.7. South Korean shares fell, as a deep plunge in oil prices rocked energy counters and local shipyards specializing in the ...
Dollar stands firm against yen but fresh rises tipped TOKYO: The dollar held its ground against the yen Tuesday after dipping in New York, although analysts expect further advances for the greenback as monetary policy in Japan and the United States diverges.The dollar bought 120.79 yen in Tokyo Tuesday, compared to 120.78 in US trade Monday.The euro was at $1.2305 and 148.72 yen against $1.2308 and 148.65 yen.Investor demand for the greenback has ramped up since the BoJ widened its monetary base in October ...
Sri Lankan rupee forwards end firmer on exporter dollar sales COLOMBO: Sri Lankan rupee forwards closed firmer on Monday as dollar selling by exporters and inward remittances outpaced the demand for the greenback from importers, dealers said.The spot currency and three-day forwards, or spot-next, were not traded after the central bank capped the currency at predetermined levels to prevent volatility, traders said.Central bank officials did not offer comment on whether limits were placed on the rupee's level.Dealers said actively traded four-day forwards, or spot-next-next, ended ...
Indian rupee falls, tracking broad dlr rally; flows limit fall MUMBAI: The Indian rupee weakened on Monday after a robust monthly U.S. employment data sparked a global rally in the dollar and raised worries that any earlier-than-expected hike in U.S. interest rates could dent foreign flows to emerging markets.Data on Friday showed U.S. employers added the largest number of workers in nearly three years in November, a sign of economic strength that was seen as potentially pushing the Federal Reserve towards a rate hike in ...

 



 
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