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Dollar buying stalls on Fed official's rate comments TOKYO: Dollar demand stalled on Tuesday after the vice chairman of the Federal Reserve suggested interest rates would rise more slowly than expected, while the euro won support from hopes for a Greek debt deal.The greenback changed hands at 119.66 yen in afternoon trading, down from 119.71 yen in New York and 119.91 yen in Tokyo earlier Monday.The euro bought $1.0919 and 130.69 yen against $1.0945 and 131.02 yen in US trade. However, it was stronger than the $1.0770 and 129.41 yen earlier Monday in Asia.The dollar took a hit after the Fed's Stanley Fischer said there would not be a "smooth upward path" for interest rates, which analysts took as further indication that the central bank will take its time before announcing a hike.Investors are tracking a slate of speeches by Fed officials this week for clues about the timing of a long-awaited rate rise, which many had expected ...

Sri Lankan rupee forwards tad firmer on inward remittances COLOMBO: Sri Lankan rupee forwards were slightly up on Tuesday due to dollar inflows from remittances, but trading was thin as the market awaited cues on the direction of interest rates, dealers said.Actively traded two-week rupee forwards stood at 133.85/95 per dollar at 0632 GMT, compared to Monday's close of 133.87/95."Nothing is happening. It's a very dull day but remittances are picking up slowly," said a currency dealer on condition of anonymity.The central bank, however, ...
Fed uncertainties support Asia FX; China manufacturing survey weighs  SINGAPORE: Most emerging Asian currencies extended gains on Tuesday in the uncertainty over the timing of US interest rate hikes, while a gloomy survey of China's manufacturing sector dimmed the appeal of some regional currencies.South Korea's won and Indonesia's rupiah rose to their highest in more than two weeks. The Malaysian ringgit advanced with higher stocks and bonds prices.The dollar on Monday broadly fell on views that the US Federal Reserve will not hurry to ...
Dollar firmer after comments by Fed's Williams, but doubts linger SINGAPORE/TOKYO: The dollar edged higher versus a basket of currencies on Tuesday after a top U.S. Federal Reserve official said it should wait no more than a few months before considering an interest rate hike.Market participants also attributed the dollar's bounce to technical factors and said the greenback may face further long liquidation after the Fed signalled last week that it is in no rush to tighten monetary policy.By early afternoon, the dollar was up ...
South Korean won hits over 2-week high as dollar under pressure SEOUL: The South Korean won extended gains to hit a more than two-week high against the dollar on Tuesday as the greenback remained under pressure on views that the US Federal Reserve is in no rush to raise interest rates.The won was up 0.6 percent at 1,108.0 against the dollar as of 0230 GMT, after rising as high as 1,105.4 to hit its strongest intraday level since March 6, compared with the previous close at ...
Sri Lanka rupee tad weaker on importer dollar demand COLOMBO: The Sri Lankan rupee was slightly weaker on Monday due to mild importer dollar demand in thin trade, with the market awaiting cues about the direction of interest rates, dealers said.Actively traded two-week rupee forwards stood at 133.90/134.00 per dollar at 0652 GMT compared to Friday's close of 133.80/90."It's a dull day. There is a mild importer (dollar) demand," said a currency dealer asking not to be named.The central bank, however, prevented a fall ...
Yuan level appropriate, reflects fx supply, demand: China central bank BEIJING: The current level of China's yuan is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected official intervention.On Friday, the yuan ended its best week since 2007 after a rush of dollar sales over the past few days by major state-owned banks, possibly acting on behalf of the central bank.Lu Lei, head of the research bureau at the ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln