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Won leads Asia FX losses as yen tumbles; ringgit at 4-year low SINGAPORE: The won led losses in emerging Asian currencies on Tuesday due to speculation that South Korean authorities could intervene to weaken their own currency in order to protect export competitiveness against Japan as the yen hit a seven-year low.The won also slid ahead of the central bank's policy meeting on Thursday. The Bank of Korea is widely expected to leave policy interest rates unchanged this time, but many analysts anticipate that the next move will be a cut, a Reuters poll showed.The Bank of Japan's unexpected easing on Oct. 31 accelerated the yen's weakness and prompted South Korea's top official including President Park Geun-hye to express concerns, as exporters from the two countries compete to sell similar products to major markets around the world.The Malaysian ringgit lost as much as 0.5 percent to 3.3470 per dollar, its weakest since May 2010, as lower oil prices dampened sentiment toward Malaysia, ...

Sri Lanka rupee forwards slightly weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards traded a tad weaker on Tuesday due to importer dollar demand, while moral suasion by the central bank prevented a fall in the spot currency, dealers said.Traders said the local currency was under pressure as imports continue to rise in a stable exchange rate regime. The spot currency was trading flat at 130.90/131.00 per dollar at 0619 GMT.Dealers said banks were reluctant to trade the spot below 130.90 due to ...
Dollar nears 7-year high versus yen as Tokyo stocks soar TOKYO/SYDNEY: The dollar rose towards a seven-year high versus the yen on Tuesday as a surge in Tokyo stocks amid an increase in risk appetite dimmed the appeal of the Japanese currency.Japan's Nikkei climbed 2.1 percent to a seven-year high as speculators saw a possibility Prime Minister Shinzo Abe could postpone a planned sales tax hike. Higher risk appetite tends to favour the dollar by pushing US bond yields higher.The dollar was up 0.4 percent ...
China's yuan edges lower on weaker midpoint SHANGHAI: China's yuan fell against the dollar on Tuesday after the central bank set the midpoint slightly weak, signalling that Beijing may prefer a temporary pause for the Chinese currency's recent appreciation, traders said.Spot yuan traded at 6.1203 per dollar by midday, 0.01 percent weaker than the previous close.The People's Bank of China (PBOC) set the midpoint at 6.1413, down 0.6 percent from Monday's fix.The yuan has stayed on a general upward trend since May, ...
Dollar edges down in Asia, eyes on Japan growth TOKYO: The dollar slipped in Asia on Tuesday after ratcheting up big gains against the yen this month, while investors look ahead to the release next week of Japanese third-quarter economic growth data.In Tokyo midday trade, the greenback slipped to 114.71 yen, from 114.83 yen in New York, although it is still well still up from the 114.16 yen in Tokyo earlier Monday.The euro firmed to $1.2435 from $1.2420, and to 142.72 yen from 142.62 ...
Dollar steadies from payrolls wobble, Aussie firmer on house data TOKYO/SYDNEY: The dollar steadied on Tuesday after recouping some of its post-payrolls losses as an uptick in risk appetite sent US Treasury yields higher and underpinned Wall Street stocks.The greenback kept to a narrow range with the US bond market - a key driver of the currency - closed on Tuesday for the Veterans Day holiday. "The dollar's latest bounce owes a lot to the spike in US bond yields, and with the (US) fixed ...
Dollar weakens in Asia on mixed US jobs data TOKYO: The dollar weakened in Asia on Monday after surging to seven-year highs last week, following a closely watched US jobs report dampened hopes for a sooner-than-expected US rate hike.In afternoon Tokyo trading, the greenback fetched 114.16 yen, down from 114.62 yen in New York and sharply lower than 115.39 yen in Tokyo earlier Friday.The euro rose to $1.2477 against $1.2456 while it was weaker at 142.45 yen from 142.78 yen.On Friday, the US Labor ...

 



 
Index Closing Chg%
Arrow DJIA 17,817.90 0.04
Arrow Nasdaq 4,754.89 0.29
Arrow S&P 2,069.41 0.29
Arrow FTSE 6,729.79 0.31
Arrow DAX 9,785.54 0.54
Arrow CAC-40 4,368.44 0.49
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,893.14 1.95
Arrow Sensex 28,499.54 0.58






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln