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Dollar pushes towards 110 yen in Asia TOKYO: The dollar rose Monday after data showed the US economy grew more than first thought in April-June, while it hit a six-month high against the Hong Kong dollar after weekend unrest in the southern Chinese city.Analysts said the US unit would break the 110 yen threshold "sooner or later" as the US economy gets back on track.The greenback bought 109.40 yen in Tokyo on Monday, up from 109.28 yen in New York.The single European currency was trading at $1.2678, down from $1.2683 in US trade on Friday, and at 138.69 yen against 138.60 yen.Traders moved into the dollar after the Commerce Department said the US economy grew 4.6 percent in the second quarter, better than the previous 4.2 percent estimate.The figure represents a strong rebound from the first quarter's 2.1 percent contraction, which was blamed in part on unusually severe winter weather that hit the countryWith strong appetite for ...

Dollar holds at lofty levels, HK dollar hit by pro-democracy protests TOKYO: The dollar started the week close to a six-year peak against the yen and touched a fresh four-year high against a basket of currencies, getting a tailwind from data showing higher U.S. growth in the second quarter.The Commerce Department on Friday raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate - its fastest pace in 2-1/2 years.The pick up in the economy was broad-based and ...
South Korean won hits 5-1/2 month low as dollar rides on U.S data; shares flat SEOUL: The South Korean won fell to a 5-1/2 month low against the dollar on Monday, as the greenback surged on data pointing to robust economic growth.The dollar touched a fresh four-year high against a basket of currencies.The won was trading at 1,049.2 to the dollar as of 0130 GMT, its lowest level since April 8. It closed Friday's onshore trading session at 1,044.4.Data on Friday showed the US economy expanded at its fastest growth ...
China's yuan drops, Hong Kong unrest hurts sentiment offshore HONG KONG/SHANGHAI: Investors' nervousness over clashes between police and pro-democracy protesters in Hong Kong forced the China's yuan currency to its weakest level in over a week in Hong Kong trading.The yuan's weakness offshore was transmitted to the onshore market, where the yuan was dragged away from a six-month high hit late last week, as Hong Kong experienced its worst unrest since China took back control of the former British colony in 1997..Offshore spot yuan ...
Dollar holds at lofty levels vs euro, yen; HK dollar shaken by protests TOKYO: The dollar touched a fresh four-year high against a basket of currencies and started the week close to a six-year peak against the yen, getting a tailwind from data showing higher U.S. growth in the second quarter.It also rose to a nearly two-year high against the euro, held aloft by divergent market expectations for U.S. and European monetary policy.Asian market attention turned to Hong Kong, where democracy protesters defied volleys of tear gas and ...
Rupiah hits 7-month low; HK dollar slips on political unrest SINGAPORE: The Indonesian rupiah hit a seven-month low on Monday on worries about political uncertainty and in response to the US dollar's broad strength, while the Hong Kong dollar slipped after clashes between democracy supporters and police.Asian currencies retreated broadly after data on Friday showing an upward revision to US second-quarter economic growth, giving a further boost to the dollar.The Hong Kong dollar, which is pegged to a narrow band against the US dollar, touched ...
Dollar higher in Asia TOKYO: The dollar advanced in Asian trade on Monday after data showed the US economy growing more than first thought in April-June, with investors expecting it to break the 110 yen threshold "sooner or later".The greenback bought 109.44 yen in Tokyo on Monday, up from 109.28 yen in New York.The single European currency was trading at $1.2676, down from $1.2683 in US trade on Friday, and at 138.75 yen against 138.60 yen.Traders moved into the ...

 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln