Asian currencies up against dollar
Monday, 2 July 2007
HONG KONG, July 1 (AFP): Asian currencies ended the week mainly up against the US dollar, with the Australian dollar hitting a new 18-year high.
JAPANESE YEN: The yen gained slightly against the dollar on the week, but tumbled from a mid-week peak as cautious market players favoured the higher-yielding greenback.
The Japanese currency stood at 123.47-49 to the dollar late Friday, slightly higher than 124.06-08 to the dollar a week earlier.
AUSTRALIAN DOLLAR: The Australian dollar is expected to continue to gain against the greenback in the coming week after hitting a fresh 18-year-high at Friday's close.
The Aussie was trading at 85.04 US cents at 5:00 pm Friday, up from the previous week's 84.79 US cents and at its highest level in almost two decades.
NEW ZEALAND DOLLAR: The New Zealand dollar ended the week at 76.92 US cents, up from 75.39 the previous Friday.
The kiwi rose early Friday above 77 US cents for the first time since it was floated in 1985, reaching a peak of 77.11 cents.
CHINESE YUAN: The yuan closed at 7.6140 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 7.6155, and a closing price of 7.6213 to the dollar the week before.
HONG KONG DOLLAR: The US-pegged Hong Kong dollar ended the week at 7.816, from 7.813 a week earlier.
INDONESIAN RUPIAH: The rupiah ended the week trading at 9,045/9,055 to the dollar, compared to 9,015/9,025 to the dollar a week earlier.
PHILIPPINE PESO: The Philippine peso traded lower at 46.24 to the dollar Friday from 46.06 on June 22.
SINGAPORE DOLLAR: The dollar was at 1.5324 Singapore dollars from 1.5374 the week before.
SOUTH KOREAN WON: The won rose to finish the week at 923.80 won to the dollar, as compared with 928.0 won a week earlier, on reports that South Korea's current account swung back into the black in May.
TAIWAN DOLLAR: The Taiwan dollar was nearly flat, closing at 32.735 against the US dollar, as compared with 32.736 a week earlier.
THAI BAHT: The Thai baht was up slightly against the dollar in light trading, closing the week at 34.53-54 baht to the US greenback, as compared to 34.59-60 the previous week.
JAPANESE YEN: The yen gained slightly against the dollar on the week, but tumbled from a mid-week peak as cautious market players favoured the higher-yielding greenback.
The Japanese currency stood at 123.47-49 to the dollar late Friday, slightly higher than 124.06-08 to the dollar a week earlier.
AUSTRALIAN DOLLAR: The Australian dollar is expected to continue to gain against the greenback in the coming week after hitting a fresh 18-year-high at Friday's close.
The Aussie was trading at 85.04 US cents at 5:00 pm Friday, up from the previous week's 84.79 US cents and at its highest level in almost two decades.
NEW ZEALAND DOLLAR: The New Zealand dollar ended the week at 76.92 US cents, up from 75.39 the previous Friday.
The kiwi rose early Friday above 77 US cents for the first time since it was floated in 1985, reaching a peak of 77.11 cents.
CHINESE YUAN: The yuan closed at 7.6140 to the dollar Friday on the exchange-traded market, compared with Thursday's close of 7.6155, and a closing price of 7.6213 to the dollar the week before.
HONG KONG DOLLAR: The US-pegged Hong Kong dollar ended the week at 7.816, from 7.813 a week earlier.
INDONESIAN RUPIAH: The rupiah ended the week trading at 9,045/9,055 to the dollar, compared to 9,015/9,025 to the dollar a week earlier.
PHILIPPINE PESO: The Philippine peso traded lower at 46.24 to the dollar Friday from 46.06 on June 22.
SINGAPORE DOLLAR: The dollar was at 1.5324 Singapore dollars from 1.5374 the week before.
SOUTH KOREAN WON: The won rose to finish the week at 923.80 won to the dollar, as compared with 928.0 won a week earlier, on reports that South Korea's current account swung back into the black in May.
TAIWAN DOLLAR: The Taiwan dollar was nearly flat, closing at 32.735 against the US dollar, as compared with 32.736 a week earlier.
THAI BAHT: The Thai baht was up slightly against the dollar in light trading, closing the week at 34.53-54 baht to the US greenback, as compared to 34.59-60 the previous week.