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FINANCE Thursday 18th August

  • Posted Aug 18, 2022 11:16 by Anthony Ellis
  • 1600
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National bank of Cambodia Daily Exchange Rate is 4,102KHR to the USD$.

The CSX Index is currently at 471.87 down 1.17 Points or 0.25%.

Trade between Cambodia and the US has amounted to approximately $5.8 billion US in the first seven months of 2022, up 45 percent compared to the same period last year.

From January to July, Cambodia exported US$5.6 billion worth of goods to the U.S., a year-on-year increase of 47 percent, while the Kingdom’s imports from the U.S. rose to over US$196 million, up 3 percent.

The Bakong system under the control of the National Bank of Cambodia has been providing a variety of functions to consumers, as of early May this year, the payment of the Bakong system in riel has increased about 8 times and in US dollars Increased about 7 times.

One Window Service Office (OWSO) earned over US$15 million from its provision of 185,482 services to the public, From July 2018 to June 2022.

As of early May this year, payments in the Bakong system in riel increased eight times to 3.4 trillion riel and in US dollars increased seven times to 3.7 thousand riel, the report said.

Asian shares tracked lower on Thursday, in step with Wall Street's losses.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.22%, after U.S. stocks ended the previous session with mild losses. The index is up 1.3% so far this month.

Hong Kong's Hang Seng Index (.HSI) was down 0.45% while China's blue chip CSI300 (.CSI300) was off 0.33%.

The dollar rose 0.04% against the yen to 135.06 . It is still some distance from its high this year of 139.39 on July 14.

The Dow Jones Industrial Average (.DJI) fell 171.69 points, or 0.5%, to 33,980.32, the S&P 500 (.SPX) lost 31.16 points, or 0.72%, to 4,274.04 and the Nasdaq Composite (.IXIC) dropped 164.43 points, or 1.25%, to 12,938.12.

Target shares ended down 2.7% after the retailer reported a 90% fall in quarterly earnings and missed comparable sales estimates. The S&P 500 retail index (.SPXRT) fell 1.2%.

U.S. crude dipped 0.64% to $87.53 a barrel. Brent crude was down 0.52% to $93.16 per barrel.

Gold was slightly higher. Spot gold was traded at $1763.4532 per ounce.


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