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ECB stimulus fails to support Asia FX ahead of US jobs data SINGAPORE: Most emerging Asian currencies fell on Friday and faced weekly losses as the dollar rose across a broad front after the European Central Bank's fresh monetary stimulus and ahead of key US jobs data.The South Korean won slid as Finance Minister Choi Kyung-hwan said the country may take action in response to the ECB's further easing. Some traders said the comments raised possibilities of a further rate cut by the Bank of Korea.The dollar rose against a basket of major currencies, hovering near a 14-month high against the euro and a six-year high versus the yen.Most emerging Asian currencies have fallen so far this week, led by the won and the Malaysian ringgit.The ringgit has lost 1.0 percent against the dollar this week as offshore funds took profits. Malaysia's July trade data missed market forecasts.The won ended the week down 1.0 percent on growing caution over possible intervention by ...

Indonesia's forex reserves rise to $111.2bn by end-August JAKARTA: Indonesia's foreign exchange reserves rose to $111.2 billion by the end of August from $110.5 billion the previous month, fuelled by strong oil and gas export revenue, Bank Indonesia said on Friday. That was the highest level of Indonesia's foreign exchange reserves since December 2012. Copyright Reuters, 2014 ...
Sri Lankan rupee down marginally on importer dollar demand COLOMBO: The Sri Lankan rupee fell slightly against the dollar on Friday as importer demand for the greenback outpaced inward remittances and selling of the US currency by exporters, dealers said.They said the three-day forward, or spot next, was actively traded. They expect the local currency to remain steady for the rest of the year after central bank Governor Ajith Nivard Cabraal said recently the banking regulator would intervene in the thinly-traded market whenever needed ...
Dollar hits six-year high against yen in Asia TOKYO: The dollar soared to a near six-year high against the yen Friday on upbeat expectations for US jobs data, while the euro sank after the European Central Bank launched a surprise round of monetary easing.The greenback jumped to 105.69 yen in early Asian trade, its highest level since October 2008, before easing slightly to 105.32 yen. However, it is still above the 105.22 yen seen late in New York.The euro, which fell below $1.30 ...
Indian rupee gains; ECB policy meet outcome in focus MUMBAI: The Indian rupee gained for a second straight session on Thursday as gains in other Asian currencies aided but a further rise was limited on the back of profit-taking seen in the domestic share market.The BSE index snapped its nine-day winning streak as investors pared positions in blue-chips such as ICICI Bank after a string of record highs earlier this week, and as caution prevailed ahead of a key European Central Bank meeting.Traders say ...
Asia FX steadier as caution over ECB policy prevails SINGAPORE: Most emerging Asian currencies took a breather on Thursday as investors grew more cautious over whether the European Central Bank would ease monetary policy later in the day or simply lay the groundwork for action in the future.Regional currencies initially rose on the dollar's overnight weakness but pared their gains as the greenback rebounded against a basket of major currencies.The South Korean won ended up 0.1 percent on exporters' demand for settlements.The yuan hit ...
Sri Lankan rupee falls slightly on importer dollar demand COLOMBO: The Sri Lankan rupee traded a tad weaker against the dollar on Thursday as importer demand for the greenback outpaced inward remittances and selling of the US currency by exporters, dealers said. They expect the local currency to remain steady for the rest of the year after central bank Governor Ajith Nivard Cabraal said recently the banking regulator would intervene in the thinly-traded market whenever needed to keep the rupee stable. The rupee was ...

 



 
Index Closing Chg%
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln