Arab Today, arab today asian currencies up on fund inflows
Last Updated : GMT 17:09:37
Arab Today, arab today
Arab Today, arab today

Asian currencies up on fund inflows

Arab Today, arab today

Arab Today, arab today Asian currencies up on fund inflows

Bangkok - Arabstoday

Asian currencies rose for a fifth week, led by Taiwan\'s dollar, as foreign investors poured money into the region amid optimism the global economy is recovering. The Bloomberg-JPMorgan Asia Dollar Index saw its longest weekly run of gains since October 2010 after reports last week showed manufacturing in the US, China and Germany picked up in January. The currencies were little changed on Friday as regional stocks snapped a three-day advance after Greece and its creditors struggled to reach an agreement on their debt swap. \"We have seen pretty good data in Asia, Europe and the US and that led to risk-on sentiment and supported the Asian currencies,\" said Yuji Kameoka, chief currency strategist at Daiwa Securities Co. in Tokyo. \"The move is quite well correlated with fund inflows to the region. Investors are cautiously watching developments regarding Europe\'s debt crisis.\" The Asia Dollar Index, which tracks the region\'s 10 most-traded currencies excluding the yen, climbed 0.3 per cent last week to 117.78 in Singapore. It reached a three-month high on Friday. The Taiwan dollar jumped 1.5 per cent to NT$29.545 as of the onshore close, according to Taipei Forex Inc. Thailand\'s baht appreciated 1 per cent to 30.85 and India\'s rupee surged 1.3 per cent to 48.6950. Foreign funds bought $2.5 billion more South Korean, Taiwanese and Thai equities than they sold in the first four days of last week and a net $536 million of India\'s shares in the first three days, according to exchange data. Bond rally Greece and its creditors are locked in talks over a debt-swap deal for the nation. In discussions last week in Athens, bondholders lowered their demands for an average coupon on the new debt they would get after European officials demanded they take steeper losses. A Chinese purchasing managers\' manufacturing index (PMI) rose to 50.5 in January from 50.3 the previous month and more than the 49.6 median forecast of economists surveyed by Bloomberg, data showed on February 1. Reports the same day showed Germany\'s index advanced to 51 from 48.4 and the US Institute for Supply Management\'s gauge climbed to 54.1, the most since June, from a revised 53.1. Taiwan\'s dollar completed the biggest five-day rally in a year as foreign funds pumped money into the island\'s assets and official data on January. 30 showed unemployment declined in December. Yields on the government\'s 1 per cent bonds due January 2017 dropped three basis points, or 0.03 percentage point, last week to 0.94 per cent, prices from Gretai Securities Market show. \"Foreign inflows boosted the Taiwan dollar,\" said Ivy Leung, a Taipei-based fixed-income trader at Polaris Securities Co. \"The appreciation in the Taiwan dollar has contributed to a bond rally.\" Thai growth The baht had a third consecutive weekly gain and reached a seven-week high on January 31, a day after the finance ministry said gross domestic product may rise 5 per cent in 2012, compared with projected growth of 1.1 per cent last year. The ringgit climbed for a fifth week, the longest winning streak since 2010, before data that economists predict will show factory-output growth quickened for the first time in four months. The ringgit added 1 per cent to 3.0088 per dollar. Industrial production increased 1.8 per cent in December from a year earlier after rising by the same magnitude in November, according to the median estimate of economists in a survey before government data due on February 9. South Korea\'s won rose 0.5 per cent last week to 1,118.07 per dollar. The Philippine peso added 0.6 per cent to 42.61 and China\'s yuan strengthened 0.6 per cent to 6.3028. 

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 up on fund inflows Arab Today, arab today asian currencies up on fund inflows

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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