Arab Today, arab today asian currencies decline led by indian rupee
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Asian currencies decline, led by Indian rupee

Arab Today, arab today

Arab Today, arab today Asian currencies decline, led by Indian rupee

Tokyo - Arabstoday

Asian currencies fell this week, led India’s rupee and South Korea’s won, as US data added to signs the global economic recovery is losing steam and Europe’s worsening debt crisis bolstered demand for dollars.Asia Pacific stocks slumped for a fourth week as investors favored safer bets than emerging-market assets. US reports published showed consumer confidence is the weakest since March 2009, existing home sales dropped in July and jobless claims rose more than economists forecast. Taiwan released second-quarter gross domestic product data late Thursday, joining China, South Korea, Hong Kong, Malaysia and Singapore in reporting the slowest expansions since 2009. “The risk of recession has increased and we do expect some further monetary stimulus from the US,” said Roy Teo, a foreign-exchange strategist at ABN Amro Private Bank in Singapore. “It’s hard to predict the turning point as to when the European policies will calm the market and until they do so, the dollar will be supported and Asian currencies could come under more pressure.”The won weakened 0.7 per cent to 1,097.55 at the 3 p.m close in Seoul from a week ago, according to data compiled by Bloomberg. The rupee slid 0.9 per cent to 45.7475 per dollar before local markets were closed for a holiday today. China’s yuan fell 0.1 per cent to 6.3930. The Bloomberg-JPMorgan Asia Dollar Index, which tracks Asia’s 10 most-used currencies excluding the yen, lost 0.2 per cent.The MSCI Asia Pacific Index fell 2.3 per cent this week, headed for its lowest close since September 2010. Morgan Stanley and Deutsche Bank AG lowered growth estimates for China, Asia’s biggest economy, this week and Citigroup Inc. cut its projections for US expansion. Chinese Commerce Minister Chen Deming said Aug.17 that trade growth will slow in the second half as austerity measures cool demand in Western nations.The won led declines in regional currencies, sliding 0.8 per cent, as Financial Supervisory Service Governor Kwon Hyouk Se asked insurers to refrain from paying dividends and boost capital in preparation for a potential crisis. The Singapore dollar slipped 0.1 per cent to S$1.2128 this week. From / Gulf Today

arabstoday
arabstoday

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*

Arab Today, arab today asian currencies decline led by indian rupee Arab Today, arab today asian currencies decline led by indian rupee

 



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*

Arab Today, arab today asian currencies decline led by indian rupee Arab Today, arab today asian currencies decline led by indian rupee

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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