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Yuan falls on corporate dollar demand, seen capped at 6.2/dollar for now SHANGHAI: China's yuan fell against the dollar on Monday as companies tended to buy dollars in anticipation that the Chinese currency would remain relatively weak in the near term, traders said.Spot yuan stood at 6.2072 per dollar by midday, 0.06 percent weaker than Friday's close also after the People's Bank of China (PBOC) fixed its official midpoint at 6.1485 per dollar, down 0.03 percent from Friday's fix.The yuan opened at 6.2034 per dollar, which traders said signalled that the market was cautious about not quoting above the psychologically important 6.20 mark."Traders appear not willing to quote above the psychological resistance for now after the PBOC signalled its intention to keep the yuan below that level via its midpoint," said a trader at a foreign bank in Shanghai.Despite using its midpoint to guide the Chinese currency's movements, the PBOC has largely refrained from intervening inthe market to influence the yuan's value ...

South Korean won edges up as Yellen remarks awaited SEOUL: The South Korean won edged up against the US dollar on Monday morning as Portugal's bank fears ebbed and corporates sold the dollar, although gains were limited on caution ahead of Federal Reserve Chair Janet Yellen's remarks.The local currency was quoted at 1,018.1 versusthe dollar as of 0318 GMT, up 0.1 percent from Friday's domestic close at 1,019.0.Asian shares edged higher as euro zone banking jitters faded, to be replaced by caution ahead of ...
Won leads Asian losses on Portugal; peso down as central bank cuts c/a estimate SEOUL: The South Korean won led losses among emerging Asian currencies on Friday, and most regional units were set to show weekly declines after problems at a Portuguese bank and disappointing global economic data hurt sentiment.The Philippine peso extended slides after the central bank cut its forecasts for this year's current account and balance of payments.Malaysia's ringgit failed to benefit from the central bank's interest rate rise on Thursday - the first in more than ...
Sri Lanka rupee rises to over 1 year high; state banks limit gain COLOMBO: The Sri Lankan rupee ended at its highest in more than a year on Friday due to inflows from remittances and exporter dollar sales, while state banks bought dollars at a lowered buying rate to curb any sharp appreciation in the local currency. The rupee closed at 130.20/22 per dollar, its highest close since June 26, 2013 and firmer from Thursday's close of 130.23/24. "There are inflows and the state banks lowered the buying ...
Euro dips in Asia on Portuguese bank woes TOKYO: Investors shifted out of the euro Friday and into the safety of the dollar and yen as a crisis at Portugal's largest listed bank revived fears about European debt.The euro fetched $1.3601 in Tokyo afternoon trade Friday, slightly down from $1.3609 late Thursday in New York and well down from $1.3640 earlier Thursday.The common currency also dipped to 137.74 yen from 137.88 yen in New York and 138.50 yen Thursday in Asia.The dollar was ...
Euro dips in Asia on Portuguese bank woes TOKYO: Investors shifted out of the euro Friday and into the safety of the dollar and yen as a crisis at Portugal's largest listed bank revived fears about European debt.The euro fetched $1.3600 in Tokyo morning trade Friday, slightly down from $1.3609 late in New York and well down from 1.3640 earlier ThursdayThe common currency also dipped to 137.84 yen from 137.88 yen in New York and 138.50 yen Thursday in Asia.The dollar was changing ...
Sri Lanka rupee steady at over 1-year high; stocks hit 33-month high COLOMBO: The Sri Lankan rupee was steady at its more than one-year high on Thursday as inflows from remittances and exporter dollar sales offset importer demand for the greenback.Dollar buying by state banks, however, put the local currency under pressure.The rupee was at 130.23/24 per dollar, its highest level since June 27, 2013 hit in the previous session, Thomson Reuters data showed.One-month forward premiums fell to 10/20 cents, the lowest since Aug. 19, 2011, compared ...

 



 
Index Closing Chg%
Arrow DJIA 16,493.37 0.42
Arrow Nasdaq 4,352.64 0.39
Arrow S&P 1,925.15 0.29
Arrow FTSE 6,679.18 0.76
Arrow DAX 9,210.08 2.10
Arrow CAC-40 4,202.78 1.02
Arrow Nikkei 15,523.00 0.63
Arrow H.Seng 24,532.43 0.91
Arrow Sensex 25,480.84 1.60





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln