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Philippine peso hits 8-month high; offshore rupiah up amid vote SEOUL: The Philippine peso touched an eight-month high on Wednesday with most emerging Asian currencies up on lower US Treasury yields, while the yuan rose as China and the United States began annual high-level talks.The rupiah appreciated in offshore markets in non-deliverable forwards as Indonesians started voting in a presidential election. Domestic financial markets are closed.The peso gained on expectations the central bank could raise interest rates as early as this month, while the Taiwan dollar outperformed regional peers on exporters' demand.Spot yuan hit a three-month high after the central bank fixed its midpoint stronger. Earlier, US Treasury Secretary Jack Lew said that moving to a market-determined exchange rate will be a crucial step for China."Expectations of a rate hike in some Asian countries, such as the Philippines, will keep supporting carry trades," said Yuna Park, a currency and bond analyst at Dongbu Securities in Seoul.Malaysia's central bank is also ...

Dollar under pressure in Asia ahead of Fed minutes TOKYO: The dollar faced selling pressure in Asia on Wednesday as investors await the release of minutes from the Federal Reserve's policy meeting last month.In midday Tokyo trading, the greenback was quoted at 101.54 yen, against 101.57 yen in New York Tuesday.The euro bought $1.3614 and 138.23 yen, from $1.3611 and 138.24 yen."The event of the day will be the FOMC (Federal Open Market Committee) minutes," National Australia Bank said in a note.Among the key ...
Sri Lanka rupee steady, state banks curb volatility; stocks up COLOMBO: The Sri Lankan rupee was steady on Tuesday as inflows from remittances and exporter dollar sales offset demand for the US currency from importers despite state banks lowering their dollar buying rate by a cent. The rupee was traded at 130.26/28 per dollar at 0526 GMT unchanged from Monday's close. Dealer said state banks lowered the dollar buying rate by one cent from the previous session to 130.25 per dollar.Purchases of dollars from two ...
Dollar holds steady, takes breather after rally SYDNEY/SINGAPORE: The dollar held steady versus a basket of major currencies on Tuesday, having retreated from the previous day's near-two-week high, giving the euro a chance to get over an unexpected slump in German industrial output. The dollar index was at 80.233, off a 1-1/2-week peak at 80.359 set on Monday. Still, it managed to hold on to most of the gains made in the wake of solid payrolls data on Thursday. The greenback's lacklustre ...
Yuan slips as Chinese oil giants buy dollars SHANGHAI: China's yuan fell slightly against the dollar on Tuesday, with dollar demand from Chinese oil giants offseting a stronger central bank midpoint, traders said.Spot yuan stood at 6.2058 per dollar by midday, 0.03 percent softer from Monday's close. Before trading began, the People's Bank of China (PBOC) fixed its midpoint at 6.1626, or 0.05 percent stronger than Monday."Oil firms were seen buying dollars in morning trade, pushing the yuan lower," said a trader at ...
Yen gains in Asia after US stocks fall TOKYO: The yen rose against the dollar and euro Tuesday as cautious investors retreated to the Japanese currency after two of Wall Street's main indexes slid from its recent record highs.The dollar weakened to 101.75 yen in Tokyo midday trade from 101.87 yen late in New York and 102.11 yen in Tokyo earlier Monday.The euro slipped to 138.45 yen from 138.59 yen, while it was nearly flat at $1.3606 against $1.3604 in US trade.Investors tend ...
PBOC to drain 20bn yuan via 28-day repos SHANGHAI: China's central bank will drain 20 billion yuan ($3.22 billion)from the money markets through 28-day bond repurchase agreements on Tuesday, traders said. Maturing repos will inject a net 80 billion yuan into the banking system this week. The People's Bank of China (PBOC) conducted a net injection of 55 billion yuan into the banking system last week. Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48

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Foreign Debt $60.9bn
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WeeklyJuly 10, 2014
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