Asian currencies mainly up against dollar
Monday, 23 June 2008
HONG KONG, June 22 (AFP): Major Asian currencies ended the week mainly up against the US dollar as a US interest rate hike was seen as less likely, and ahead of a Federal Reserve meeting.
Japanese Yen: The yen rebounded from a five-month low against the dollar in a week focused on receding prospects of an early interest rate hike by the US Federal Reserve Board.
Australian Dollar: The Australian dollar is set to rise against the greenback next week as expectations of further US interest rate hikes recede, dealers said.
New Zealand Dollar: The New Zealand dollar ended local trading Friday at 76.12 US cents, up from 75.02 at the end of the previous week.
Chinese Yuan: The yuan closed at 6.8815 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 6.8770, and a closing price of 6.9015 to the dollar last Friday. On the over-the-counter market, it ended at 6.8801 to the dollar against 6.8776 in the previous day.
Hong Kong Dollar: The US-linked Hong Kong dollar finished the week at 7.8055 to the greenback compared with 7.8132 the week before.
Indonesian Rupiah: The rupiah ended the week's trading at 9,260 to the dollar compared to 9,305 to the dollar a week earlier.
Philippines Peso: The Philippines peso rose to 44.35 to the dollar Friday afternoon from 44.41 on June 13.
Singapore Dollar: The dollar was at 1.3682 Singapore dollars Friday from 1.3775 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 rose 0.23 per cent per cent in the week to June 20 to close at 30.382 against the US dollar. The local currency closed at 30.451 a week ago.
Thai Baht: The Thai baht weakened against the dollar over the past week due to political pressure caused by anti-government protesters pushing for Prime Minister Samak Sundaravej to resign, dealers said.
Japanese Yen: The yen rebounded from a five-month low against the dollar in a week focused on receding prospects of an early interest rate hike by the US Federal Reserve Board.
Australian Dollar: The Australian dollar is set to rise against the greenback next week as expectations of further US interest rate hikes recede, dealers said.
New Zealand Dollar: The New Zealand dollar ended local trading Friday at 76.12 US cents, up from 75.02 at the end of the previous week.
Chinese Yuan: The yuan closed at 6.8815 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 6.8770, and a closing price of 6.9015 to the dollar last Friday. On the over-the-counter market, it ended at 6.8801 to the dollar against 6.8776 in the previous day.
Hong Kong Dollar: The US-linked Hong Kong dollar finished the week at 7.8055 to the greenback compared with 7.8132 the week before.
Indonesian Rupiah: The rupiah ended the week's trading at 9,260 to the dollar compared to 9,305 to the dollar a week earlier.
Philippines Peso: The Philippines peso rose to 44.35 to the dollar Friday afternoon from 44.41 on June 13.
Singapore Dollar: The dollar was at 1.3682 Singapore dollars Friday from 1.3775 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 rose 0.23 per cent per cent in the week to June 20 to close at 30.382 against the US dollar. The local currency closed at 30.451 a week ago.
Thai Baht: The Thai baht weakened against the dollar over the past week due to political pressure caused by anti-government protesters pushing for Prime Minister Samak Sundaravej to resign, dealers said.