Asian currencies down against dollar
Monday, 16 June 2008
HONG KONG, June 15 (AFP): Major Asian currencies ended the week down against the US dollar on predictions of a US interest rate hike and as foreign investors remained wary of Thailand's political stability.
Japanese Yen: The yen dipped to three-and-a-half-months low against the dollar as warnings of inflation by US and Japanese central bank chiefs added to prospects of US interest rate hikes.
Australian Dollar: The Australian dollar is expected to consolidate next week on the back of a hawkish statement from the central bank on interest rates, dealers said.
New Zealand Dollar: The New Zealand dollar ended local trading Friday at 75.02 US cents, down from 76.54 at the end of the previous week.
Chinese Yuan: The yuan closed at 6.9015 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 6.9064, and a closing price of 6.9228 to the dollar last Friday.
Hong Kong Dollar: The US-linked Hong Kong dollar finished the week at 7.8132 to the greenback compared with 7.8108 the week before.
Indonesian Rupiah: The rupiah ended the week's trading at 9,305 to the dollar compared to 9,310 to the dollar a week earlier.
Philippines Peso: The Philippines peso fell to 44.410 to the dollar Friday afternoon from 44.135 on June 6.
Singapore Dollar: The dollar was at 1.3775 Singapore dollars Friday from 1.3665 the previous week.
South Korean Won: The won closed at 1,041 won per dollar Friday, compared with 1,023.50 won Thursday of the previous week before the market closed for a national holiday the following day.
Taiwan Dollar: The Taiwan dollar fell 0.38 per cent in the week to June 13 to close at 30.451 against the US dollar. The local currency closed at 30.335 a week ago.
Thai Baht: The Thai baht dropped slightly against the dollar over the past week, amid active trading despite the Bank of Thailand's intervention Monday, dealers said.
The Thai unit fell sharply Monday to 33.45 baht to one dollar as foreign investors fled the Thai stock market amid concerns about the kingdom's political stability.
Japanese Yen: The yen dipped to three-and-a-half-months low against the dollar as warnings of inflation by US and Japanese central bank chiefs added to prospects of US interest rate hikes.
Australian Dollar: The Australian dollar is expected to consolidate next week on the back of a hawkish statement from the central bank on interest rates, dealers said.
New Zealand Dollar: The New Zealand dollar ended local trading Friday at 75.02 US cents, down from 76.54 at the end of the previous week.
Chinese Yuan: The yuan closed at 6.9015 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 6.9064, and a closing price of 6.9228 to the dollar last Friday.
Hong Kong Dollar: The US-linked Hong Kong dollar finished the week at 7.8132 to the greenback compared with 7.8108 the week before.
Indonesian Rupiah: The rupiah ended the week's trading at 9,305 to the dollar compared to 9,310 to the dollar a week earlier.
Philippines Peso: The Philippines peso fell to 44.410 to the dollar Friday afternoon from 44.135 on June 6.
Singapore Dollar: The dollar was at 1.3775 Singapore dollars Friday from 1.3665 the previous week.
South Korean Won: The won closed at 1,041 won per dollar Friday, compared with 1,023.50 won Thursday of the previous week before the market closed for a national holiday the following day.
Taiwan Dollar: The Taiwan dollar fell 0.38 per cent in the week to June 13 to close at 30.451 against the US dollar. The local currency closed at 30.335 a week ago.
Thai Baht: The Thai baht dropped slightly against the dollar over the past week, amid active trading despite the Bank of Thailand's intervention Monday, dealers said.
The Thai unit fell sharply Monday to 33.45 baht to one dollar as foreign investors fled the Thai stock market amid concerns about the kingdom's political stability.