asian currencies climb to 14year high
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Asian currencies climb to 14-year high

Arab Today, arab today

Arab Today, arab today Asian currencies climb to 14-year high

Singapore - Arabstoday

Asian currencies advanced to a 14-year high after European leaders pledged more aid for Greece, easing concern the debt crisis will worsen and bolstering demand for emerging-market assets. The Bloomberg-JP Morgan Asia Dollar Index, which tracks the region\'s ten most-traded currencies excluding the yen, reached the highest level since August 1997 and completed a weekly gain after the €159 billion (Dh838.5 billion) package was announced. China\'s yuan rose to a 17-year high on Friday, the Philippine peso reached a three-year peak and South Korea\'s won touched the strongest level since August 2008. \"It\'s quite clear that the risk environment has improved significantly as the European summit agreement has helped to calm fears over the debt problems in Europe,\" said Moh Siong Sim, a currency strategist at Bank of Singapore. The peso strengthened 1.3 per cent this week to 42.403 versus the dollar in Manila, according to data compiled by Bloomberg. Malaysia\'s ringgit appreciated 1 per cent to 2.9755, Thailand\'s baht climbed 0.8 per cent to 29.83, Singapore\'s dollar added 0.8 per cent to 1.2091 and the won rose 0.6 per cent to 1,051.98. The ringgit reached a two-month high on speculation the central bank will raise borrowing costs after Governor Zeti Akhtar Aziz said curbing inflation is a priority. Consumer prices in Malaysia rose to a two-year high of 3.5 per cent in June, according to official data released July 20. \"The ringgit could hold on to its strength as there are growing expectations that the Malaysian central bank will raise its policy rate,\" said Calbert Loh, head of treasury at Bangkok Bank in Kuala Lumpur. The peso gained the most this week since September 2010 after the International Monetary Fund said on July 20 that the near-term outlook for the Philippines was favourable. \"The fundamentals, growth prospects and the fiscal side remain positive in the Philippines,\" said Lito Biacora, vice president for treasury at Bank of the Philippine Islands in Manila. The baht had a third weekly advance as overseas investors added to their holdings of the nation\'s stocks. Global funds bought $370 million more Thai equities than they sold this week through July 21, taking this month\'s net purchases to $762 million. Indonesia\'s rupiah appreciated 0.3 per cent this week to 8,523 per dollar after Fitch Ratings said on July 19 that the country may achieve an investment-grade credit rating before the end of next year. From / Gulf News

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian currencies climb to 14year high asian currencies climb to 14year high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian currencies climb to 14year high asian currencies climb to 14year high

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday