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US jobs data supports Asia FX; won gains on yen's rebound SINGAPORE: South Korea's won led rebounds in emerging Asian currencies as weaker-than-expected US jobs data caused investors to cut dollar holdings.The won followed a recovery in the yen, which had eased concerns over South Korea's weakening export competitiveness against Japan.Malaysia's ringgit advanced as investors covered short positions. The ringgit also gained versus the neighbouring Singapore dollar.The Chinese yuan rose against the dollar on Monday after the central bank set the midpoint at its strongest level since mid-March.The dollar fell against a basket of six major currencies after data on Friday showing US employers added 214,000 new jobs to their payrolls in October, missing forecasts of 231,000.Copyright Reuters, 2014 ...

Dollar index to rise to 89.048 SINGAPORE: The dollar index is expected to gain more to 89.048, as it has broken a resistance at 87.155.The resistance was formed around the 76.4 percent Fibonacci projection level of an upward wave (3) or wave C that started at the May 8, 2014 low of 78.906. Both of these waves are capable of traveling to 91.622, the 100 percent level. The next resistance will be at 89.048, the 86.4 percent level.A break below 87.155, ...
Won leads Asia FX losses on US jobs data caution SINGAPORE: The South Korean won was set for its worst week in almost 1-1/2 years, leading weekly losses in emerging Asian currencies on Friday, with the dollar firm as US jobs data was expected to build a case for a Federal Reserve interest rate rise next year.The region's currencies drew no support from European Central Bank President Mario Draghi's pledge to ease further, as the dovish stance pushed up the dollar.US nonfarm payrolls data due ...
Sri Lanka rupee steady on central bank intervention; importer dollar demand weighs COLOMBO: The Sri Lankan rupee was steady on Friday as banks were reluctant to trade below the central bank's desired level despite importer dollar demand, dealers said. Traders said the local currency may face pressure as imports continue to rise in a stable exchange rate regime. The spot currency was flat at 130.90/131.00 per dollar at 0640 GMT. Dealers said they were reluctant to trade the spot below 130.90 due to moral suasion by the ...
South Korean won falls, holds near 14-month low; shares edge up SEOUL: The South Korean won fell for a seventh-straight session on Friday, hovering just above a 14-month low on broad strength in the dollar thanks to expectations of a positive showing in U.S jobs data later in the day. The won was quoted at 1,093.7 to the dollar at the conclusion of onshore trade, compared to Thursday's closing rate of 1,083.8, having fallen 2.3 percent for the week. Earlier On Friday, Bank of Korea Gov. ...
Indonesia's forex reserves rise to $112bn end-Oct JAKARTA: Indonesia's foreign exchange reserves rose to $111.97 billion by the end of October from $111.2 billion the previous month, Bank Indonesia said on Friday. Foreign reserves were supported by portfolio inflows, central bank deputy governor Perry Warjiyo said. The rupiah strengthened 0.37 percent during October against the dollar and closed at 12,080 per dollar. The rupiah traded at 12,170 against the dollar on Friday. Warjiyo expects even stronger inflows after the government decides on ...
Euro struggles in Asia after fall on ECB chief comments TOKYO: The euro struggled to recover against the dollar in Asia Friday after hitting a more than two-year low in New York as the head of the European Central Bank said he was prepared to unveil more measures to kickstart the eurozone economy.In Tokyo, the single currency fetched $1.2373 against $1.2371 in New York, where it fell below $1.24 for the first time since August 2012. It was also at 142.79 yen from 142.47 yen ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

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