Asian currencies end week mixed against dollar
Tuesday, 4 September 2007
HONG KONG, Sept 3 (AFP): Asian currencies ended the week mixed, with uncertainty emanating from a troubled segment of the US home loan market still weighing on investor sentiment.
JAPANESE YEN: The Japanese yen went through volatile trading in the past week as markets remained jittery on lingering concerns for the troubled US home loan market.
The currency stood at 116.17 to the dollar Friday, slightly weaker than 116.10 a week ago.
AUSTRALIAN DOLLAR: The Australian dollar is poised to rise next week if fears ease about a credit squeeze in the US ease, dealers said.
The Aussie was trading at 82.45 US cents at 5:00 pm Friday (0600 GMT), up more than half a cent on the previous week's 81.89 US cents.
NEW ZEALAND DOLLAR: The New Zealand dollar ended the week at 70.30 US cents, down from 71.25 US cents the previous Friday.
CHINESE YUAN: The yuan closed at 7.5445 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 7.5420, and a closing price of 7.5665 to the dollar the week before.
On the over-the-counter market, it ended at 7.5450 to the dollar Friday against 7.5410 the previous day.
HONG KONG DOLLAR: The US-pegged Hong Kong dollar ended the week at 7.79, from 7.81 a week earlier.
INDONESIAN RUPIAH: The rupiah ended the week slightly stronger, trading at 9,395/9,400 to the dollar, compared to 9,405/9,415 to the dollar a week earlier.
PHILIPPINE PESO: The Philippine peso traded lower at 46.55 to the dollar Friday afternoon from 45.74 on August 24.
SINGAPORE DOLLAR: The dollar was at 1.5220 Singapore dollars Friday from 1.5238 the previous week.
SOUTH KOREAN WON: The won further strengthened to 938.30 won per dollar Friday, compared with 941.70 won a week earlier.
TAIWAN DOLLAR: The Taiwan dollar dropped to close at 32.996 against the US dollar Friday from 32.980 a week earlier.
THAI BAHT: The Thai baht changed little against the dollar over the past week as investors found few fresh leads in the market, dealers said.
The Thai currency closed Friday at 34.30-32 to the greenback, compared with 34.35-40 a week earlier.
JAPANESE YEN: The Japanese yen went through volatile trading in the past week as markets remained jittery on lingering concerns for the troubled US home loan market.
The currency stood at 116.17 to the dollar Friday, slightly weaker than 116.10 a week ago.
AUSTRALIAN DOLLAR: The Australian dollar is poised to rise next week if fears ease about a credit squeeze in the US ease, dealers said.
The Aussie was trading at 82.45 US cents at 5:00 pm Friday (0600 GMT), up more than half a cent on the previous week's 81.89 US cents.
NEW ZEALAND DOLLAR: The New Zealand dollar ended the week at 70.30 US cents, down from 71.25 US cents the previous Friday.
CHINESE YUAN: The yuan closed at 7.5445 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 7.5420, and a closing price of 7.5665 to the dollar the week before.
On the over-the-counter market, it ended at 7.5450 to the dollar Friday against 7.5410 the previous day.
HONG KONG DOLLAR: The US-pegged Hong Kong dollar ended the week at 7.79, from 7.81 a week earlier.
INDONESIAN RUPIAH: The rupiah ended the week slightly stronger, trading at 9,395/9,400 to the dollar, compared to 9,405/9,415 to the dollar a week earlier.
PHILIPPINE PESO: The Philippine peso traded lower at 46.55 to the dollar Friday afternoon from 45.74 on August 24.
SINGAPORE DOLLAR: The dollar was at 1.5220 Singapore dollars Friday from 1.5238 the previous week.
SOUTH KOREAN WON: The won further strengthened to 938.30 won per dollar Friday, compared with 941.70 won a week earlier.
TAIWAN DOLLAR: The Taiwan dollar dropped to close at 32.996 against the US dollar Friday from 32.980 a week earlier.
THAI BAHT: The Thai baht changed little against the dollar over the past week as investors found few fresh leads in the market, dealers said.
The Thai currency closed Friday at 34.30-32 to the greenback, compared with 34.35-40 a week earlier.