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FINANCE Wednesday 10th August

National bank of Cambodia Daily Exchange Rate is 4,102KHR to the USD$.

The CSX Index is currently at 471.35 down 1.45 Points or 0.31%.

The National Bank of Cambodia said that in the first quarter of 2022, Cambodia's balance sheet continued to improve, with a surplus of 427 billion riels (1.4% of GDP) compared to a surplus of 221 billion riels in the first quarter of 2021. This surplus was supported by a net inflow of financial accounts as the current account and capital deficit narrowed.

The euro and Japanese yen held onto most of their overnight gains on Thursday, having been boosted by U.S. inflation data coming in and sending the dollar tumbling.

The European common currency was trading at $1.0285, with its 0.14% loss on the day.

Similarly one dollar was worth 133.15 yen up 0.2% on Thursday, after a 1.6% tumble the previous day.

The rally on Wall Street was broad-based, with all 11 S&P 500 sectors rising in a sea of green. Growth stocks (.IGX) rose more than value (.IVX), while Dow transports (.DJT), small caps (.RUT) and semiconductors (.SOX) also rose.

The Dow Jones Industrial Average (.DJI) rose 535.1 points, or 1.63%, to 33,309.51, while the S&P 500 (.SPX) gained 87.77 points, or 2.13%, to 4,210.24 and the Nasdaq Composite (.IXIC) added 360.88 points, or 2.89%, to 12,854.81.

It was the biggest single-day gain for both the Nasdaq and S&P 500 in two weeks, and for the Dow in three weeks. It was the highest close for the S&P 500 since early May.

The Australian dollar, another commonly used proxy for risk sentiment, was at $0.7066, down 0.2% after a 1.7% overnight gain, and sterling, was slightly softer at $1.2192.

Bitcoin, which has also traded in line with risk assets, was up 2.6% at $24,577. A break past $24,676 would be a two month high for the world's largest cryptocurency.


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