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China yuan's steadies at 5-month highs after stronger fix HONG KONG: China's yuan held at five-month highs on Monday after the central bank signaled it was comfortable with the currency's recent gains by setting the daily midpoint stronger against the dollar. The yuan's recent rally has wiped out more than half of the 3.3 percent of losses for the currency earlier this year when the monetary authorities engineered an unexpected depreciation to deter speculative bets on the currency's one-sided rise.The People's Bank of China set the midpoint rate at 6.1528 per dollar prior to market open on Monday, slightly stronger than 6.1538 per dollar on Friday. The spot rate is currently allowed to trade 2 percent above or below the midpoint.The spot market opened at 6.1460 per dollar, up slightly from 6.1470 per dollar at the previous close, and was changing hands at 6.1466 in late morning trades. Copyright Reuters, 2014 ...

South Korean won sets 5-week high, shares hit by profit-taking SEOUL: The South Korean won rose to a 5-week high on dollar selling by exporters after Wall Street's recovery from tensions in Ukraine boosted buyer interest in riskier assets.The won was quoted at 1,017.7 per dollar at 0248 GMT after rising as high as 1,016.9 per dollar, its strongest since touching 1,015.1 on July 11, compared with Thursday's domestic close of 1,021.2.South Korean financial markets were closed on Friday for a public holiday."Exporters were leading ...
Yen ticks up in Asia amid Ukraine tensions TOKYO: The yen ticked up in Asia Monday as investors nervously watched the latest developments in the Ukraine crisis, while looking to a speech by the Federal Reserve chief later this week.In midday Tokyo trading, the dollar slipped to 102.31 yen from 102.34 yen in New York Friday.The euro weakened to 137.02 yen from 137.11 yen, while it also slipped to $1.3393 from $1.3397.Traders moved into the yen -- a safe-haven currency during times of ...
Sri Lanka rupee edges up on exporter dollar sales after rate decision COLOMBO: The Sri Lankan rupee rose against the dollar on Friday in dull trade as exporter sales of the greenback outpaced mild importer demand, dealers said, while bond yields gained in the secondary market after the central bank held key policy rates steady. The rupee ended at 130.16/17 per dollar, slightly firmer from Thursday's close of 130.16/19. It hit a two-week low of 130.26 per dollar on Wednesday. Two state banks, through which the central ...
Ringgit near 10 month high on Q2 growth, stimulus hopes support Asia FX SINGAPORE: The Malaysian ringgit rose to a near 10-month high after data showed stronger-than-expected second quarter economic growth, while other emerging Asian currencies are set to post weekly gains on hopes of stimulus from major central banks.The ringgit rose as much as 0.8 percent to 3.1540 per dollar, its strongest since Oct. 31.The gain helped the ringgit outpace daily and weekly appreciation in regional units.So far this week, the Malaysian currency has gained 1.6 percent ...
Yuan firms for 4th week, crosses 200-day moving average SHANGHAI: China's yuan rose for the fourth straight week despite data that painted a mixed picture of economic conditions, crossing the 200-day moving average for the first time since March.Spot yuan changed hands at 6.1476 per dollar at midday, 0.09 percent stronger than the previous close.The People's Bank of China (China) set the daily midpoint fix at 6.1538, up 0.01 percent from Thursday's fix.A slew of money and credit data published on Wednesday showed that ...
Dollar steady after Russia calls for end to Ukraine crisis TOKYO: The dollar held steady in Asia Friday on easing concerns over the situation in Ukraine as Russian President Vladimir Putin called for an end to the crisis in the violence-wracked country.In Tokyo afternoon trading, the greenback fetched 102.53 yen, up from 102.45 yen in New York.The euro bought $1.3363 and 137.07 yen, mixed from $1.3365 and 136.93 yen in US trade, after the release Thursday of weak eurozone economic data.Growth in the 18-country eurozone ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln