Asian currencies mixed against the dollar
Monday, 11 February 2008
HONG KONG, Feb 10 (AFP): Asian currencies ended the week mixed against the dollar as worries about the US economy persisted and after finance chiefs from the Group of Seven (G7) major industrialised nations met in Japan.
JAPANESE YEN: The yen edged downward during the week as the Japanese currency is still under pressure on its super low interest rates and concerns about a potential slowdown in the world's second largest economy, dealers said.
The Japanese currency changed hands at 107.37 to the dollar late Friday, compared with 106.34 a week earlier.
AUSTRALIAN DOLLAR: The Australian dollar is expected to remain rangebound next week as worries about global growth cancel out the positive impact the country's high interest rates have on the currency, dealers said.
At 5:00 pm (0600 GMT) Friday, the Australian dollar was trading at 89.48 US cents, just down on the previous week's 89.57.
NEW ZEALAND DOLLAR: The New Zealand dollar ended the week at 78.96 US cents slightly up from 78.85 the previous Friday.
CHINESE YUAN: The yuan closed at 7.1840 to the US dollar on the over-the-counter (OTC) market Tuesday, compared with 7.1884 Monday and a closing price of 7.1890 to the US dollar Friday.
HONG KONG DOLLAR: The city's currency finished the week at 7.8016 to the US dollar, compared with 7.798 the previous Friday.
INDONESIAN RUPIAH: The rupiah ended the week down, trading at 9,240/9,245 rupiah to the dollar, compared to 9,200/9,210 to the US currency a week earlier.
PHILIPPINES PESO: The Philippine peso fell to 40.65 to the dollar Friday afternoon from 40.50 on February 1.
SINGAPORE DOLLAR: The dollar was up slightly at 1.4189 Singapore dollars to the greenback Friday from 1.4166 the previous week.
SOUTH KOREAN WON: The won closed at 941.70 won per dollar Tuesday in a shortened trade of the Lunar New Year holiday week, up from 944.20 won per dollar the previous week.
TAIWAN DOLLAR: The Taiwan dollar rose 0.52 per cent to close at 32.010 against the US dollar against 32.178 a week earlier.
THAI BAHT: The Thai baht moved little against the dollar over the past week but remained at 10-year highs as investors continued to sell the greenback amid growing fears over a US recession, dealers said.
The baht closed Friday at 32.93-94 to the dollar, compared with 32.94-95 a week earlier.
JAPANESE YEN: The yen edged downward during the week as the Japanese currency is still under pressure on its super low interest rates and concerns about a potential slowdown in the world's second largest economy, dealers said.
The Japanese currency changed hands at 107.37 to the dollar late Friday, compared with 106.34 a week earlier.
AUSTRALIAN DOLLAR: The Australian dollar is expected to remain rangebound next week as worries about global growth cancel out the positive impact the country's high interest rates have on the currency, dealers said.
At 5:00 pm (0600 GMT) Friday, the Australian dollar was trading at 89.48 US cents, just down on the previous week's 89.57.
NEW ZEALAND DOLLAR: The New Zealand dollar ended the week at 78.96 US cents slightly up from 78.85 the previous Friday.
CHINESE YUAN: The yuan closed at 7.1840 to the US dollar on the over-the-counter (OTC) market Tuesday, compared with 7.1884 Monday and a closing price of 7.1890 to the US dollar Friday.
HONG KONG DOLLAR: The city's currency finished the week at 7.8016 to the US dollar, compared with 7.798 the previous Friday.
INDONESIAN RUPIAH: The rupiah ended the week down, trading at 9,240/9,245 rupiah to the dollar, compared to 9,200/9,210 to the US currency a week earlier.
PHILIPPINES PESO: The Philippine peso fell to 40.65 to the dollar Friday afternoon from 40.50 on February 1.
SINGAPORE DOLLAR: The dollar was up slightly at 1.4189 Singapore dollars to the greenback Friday from 1.4166 the previous week.
SOUTH KOREAN WON: The won closed at 941.70 won per dollar Tuesday in a shortened trade of the Lunar New Year holiday week, up from 944.20 won per dollar the previous week.
TAIWAN DOLLAR: The Taiwan dollar rose 0.52 per cent to close at 32.010 against the US dollar against 32.178 a week earlier.
THAI BAHT: The Thai baht moved little against the dollar over the past week but remained at 10-year highs as investors continued to sell the greenback amid growing fears over a US recession, dealers said.
The baht closed Friday at 32.93-94 to the dollar, compared with 32.94-95 a week earlier.