Asian currencies mostly up in last week
Tuesday, 1 September 2009
HONG KONG, Aug 31 (AFP): Asian currencies mostly rose against the dollar over the last week, with major players like the yen firming against the US unit, despite gloomy employment figures that raised doubts over the recovery of the world's second largest economy.
JAPANESE YEN: The yen advanced against the dollar in the past week as falls on Asian stock markets reduced investors' appetite for risk-taking, but lost ground following a report that the jobless rate hit a record high on Friday.
It stood at 93.59 to the dollar in New York late Friday, up from 94.35 to the dollar there a week earlier.
AUSTRALIAN DOLLAR: The Australian dollar ended the week on a strong note, amid speculation the central bank could raise interest rates as early as October, dealers said.
A rally in commodities prices also buoyed the resources- based Aussie, which closed Friday at 84.07 US cents, up from 82.95 cents a week earlier.
NEW ZEALAND DOLLAR: The New Zealand dollar finished local trading Friday at 68.65 US cents, sharply up from 67.17 the previous week.
CHINESE YUAN: The yuan closed at 6.8301 to the dollar Friday, compared with Thursday's close of 6.8320 and a closing price of 6.8312 to the dollar the week before.
HONG KONG DOLLAR: The US-pegged Hong Kong unit ended the week at 7.752, flat on the week before.
INDONESIAN RUPIAH: The rupiah ended at 10,055 to the dollar, down from 10,030 the week before.
PHILIPPINE PESO: The Philippine peso fell to 48.80 to the dollar on Friday afternoon from 48.42 on August 20, the last trading day of the previous week.
SINGAPOREAN DOLLAR: The dollar was at 1.4422 Singapore dollars Friday from 1.4438 the week before.
SOUTH KOREAN WON: The won closed at 1,244.40 won per dollar Friday, compared with 1,249.70 won a week earlier, after moving in a relatively tight range throughout the week in accordance with local stock prices.
TAIWANESE DOLLAR: The Taiwan dollar fell 0.06 per cent in the week to August 28 to close at 32.925 against the US dollar. The local currency closed at 32.906 a week earlier.
THAI BAHT: The Thai baht remained stable against the dollar over the past week in lacklustre trading.
The Thai unit closed Friday at 34.01-02 baht to one dollar compared to the previous week's close of 34.02-03.
JAPANESE YEN: The yen advanced against the dollar in the past week as falls on Asian stock markets reduced investors' appetite for risk-taking, but lost ground following a report that the jobless rate hit a record high on Friday.
It stood at 93.59 to the dollar in New York late Friday, up from 94.35 to the dollar there a week earlier.
AUSTRALIAN DOLLAR: The Australian dollar ended the week on a strong note, amid speculation the central bank could raise interest rates as early as October, dealers said.
A rally in commodities prices also buoyed the resources- based Aussie, which closed Friday at 84.07 US cents, up from 82.95 cents a week earlier.
NEW ZEALAND DOLLAR: The New Zealand dollar finished local trading Friday at 68.65 US cents, sharply up from 67.17 the previous week.
CHINESE YUAN: The yuan closed at 6.8301 to the dollar Friday, compared with Thursday's close of 6.8320 and a closing price of 6.8312 to the dollar the week before.
HONG KONG DOLLAR: The US-pegged Hong Kong unit ended the week at 7.752, flat on the week before.
INDONESIAN RUPIAH: The rupiah ended at 10,055 to the dollar, down from 10,030 the week before.
PHILIPPINE PESO: The Philippine peso fell to 48.80 to the dollar on Friday afternoon from 48.42 on August 20, the last trading day of the previous week.
SINGAPOREAN DOLLAR: The dollar was at 1.4422 Singapore dollars Friday from 1.4438 the week before.
SOUTH KOREAN WON: The won closed at 1,244.40 won per dollar Friday, compared with 1,249.70 won a week earlier, after moving in a relatively tight range throughout the week in accordance with local stock prices.
TAIWANESE DOLLAR: The Taiwan dollar fell 0.06 per cent in the week to August 28 to close at 32.925 against the US dollar. The local currency closed at 32.906 a week earlier.
THAI BAHT: The Thai baht remained stable against the dollar over the past week in lacklustre trading.
The Thai unit closed Friday at 34.01-02 baht to one dollar compared to the previous week's close of 34.02-03.