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Yuan weaker, despite dollar decline after soft export data SHANGHAI: China's yuan slipped on Thursday after exports declined for a second consecutive month in March, but some economists partly blamed intense yuan speculation last year for artificially inflating trade figures then and distorting comparisons now.Spot yuan shed 0.1 percent by midday to change hands at 6.2059 per dollar after the central bank guided the midpoint slightly weaker to 6.1510. The market has remained consistently weaker than the midpoint since mid-March.The dollar hit a three-week low against a basket of currencies on Thursday, after minutes from the Federal Reserve's meeting in March were seen as dovish by markets and likely to push back the Fed's end of asset purchases and rate increases.Chinese trade data also reinforced views the recovery in the world's second-largest economy had hit a soft patch.First-quarter exports fell 3.4 percent from a year earlier, while imports were up 1.6 percent, producing a trade surplus of $16.7 billion, ...

Dollar stung by Fed minutes, Aussie rises on solid jobs data SYDNEY/SINGAPORE: The dollar hit a three-week low versus a basket of major currencies on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls, while the Aussie dollar surged on data showing solid Australian jobs growth. Minutes of the Fed's March 19 meeting released on Wednesday showed Fed officials had worried the bank's forecasts on interest rates might appear to investors as mapping out a more aggressive cycle of rate hikes. Analysts at ...
Indonesia rupiah falls after election margin disappoints opposition SINGAPORE: The Indonesian rupiah fell on Thursday, a day after the main opposition party failed to win enough votes in parliamentary elections to nominate hugely popular Jakarta governor Joko Widodo for the presidency without the help of other parties.The rupiah fell 0.4 percent to 11,3335 per dollar at 0107 GMT. The rupiah has risen partially due to hopes that a dominant victory by the Indonesian Democratic Party-Struggle (PDI-P) and the Jakarta governor, widely known as ...
South Korea won rises to near 6-year high, stocks inch up SEOUL: The South Korean won hit its strongest level in almost six years on Thursday morning, buoyed by demand from exporters for settlements and stop-loss dollar selling from offshore funds while local stocks were little changed. The local currency was quoted at 1,035.5 against the dollar as of 0252 GMT, up 0.6 percent from Wednesday's onshore close at 1,041.4. However, the won's gains were tempered by suspected dollar buying by South Korean foreign exchange authorities ...
Taiwan dollar rises to over 2-month high TAIPEI: The Taiwan dollar soared to its highest level in more than two months in early trade on Thursday. The local currency jumped by T$0.192 to trade at T29.970 against the US dollar, after briefly going above a key resistance level of T$30 for the first time since early February.Copyright Reuters, 2014 ...
South Korea's won surges to pre-crisis level SEOUL: South Korea's won surged Wednesday to its highest level since before the global financial crisis, sparking concern the stronger currency might undermine the export-reliant economy.The won ended at 1,041.40 to the dollar, up 10.80 won from the previous session and close to the 1,039.80 per dollar reached on August 14, 2008.The country's continuously strong trade surplus and a recent global weakening of the greenback combined to bolster the won, analysts said."Many people believed the ...
Dollar claws back some losses against yen in Asia TOKYO: The dollar on Wednesday edged up against the yen after tumbling in New York trade after the head of the Bank of Japan poured cold water on hopes it will add to its stimulus programme in the near future.In Tokyo midday trade, the greenback bought 101.89 yen, up from 101.75 yen late in New York but still well down from 102.90 yen in Tokyo earlier Tuesday.The euro was at 140.51 yen and $1.3789, compared ...

 



 
Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln