MARKET HEADLINES Rupee weakens past 57/dollar, closes in on recordlowThe rupee weakened below 57 to the dollar on Friday to approach arecord low hit about a year ago, reflecting caution ahead of the U.S.monthly jobs data and falls in most emerging market currencies.The rupee was trading at 57.06/07 to the dollar at 0809 GMT,marking its lowest level since late June 2012, when the currency hit arecord low of 57.32.The rupee closed at 56.84/85 on Thursday. Yuan flat even as midpoint at new peak, marketfinds equilibriumThe yuan was flat on Friday even as the central bank set the officialguidance rate at an all-time high after the dollar plunged in overnighttrade.The dollar index, which tracks the dollars value against a basket ofcurrencies, hit 81.077 in overnight trade, its lowest level since lateFebruary, as markets awaited US jobs data.The Peoples Bank of China (PBOC) set the midpoint at 6.1620 onFriday morning, up 0.19 per cent from Thursday and a new high.But spot yuan declined to follow the midpoint and stayed relativelyflat, changing hands at 6.1355 per dollar at midday, up only 0.01 percent from Thursdays close. Aussie, kiwi dollars pressured by weak stocks,bonds rallyThe Australian and New Zealand dollars fell near multi-monthlows on Friday as Asian equities took a beating in a tense marketahead of key US labour data.The Aussie slipped 0.8 per cent on the day to $0.9485, pulling closerto a 20-month low of $0.9427 hit on Thursday.It looked set to end the week lower for the fifth consecutive time,showing a decline of around 1 per cent.
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