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Australian and New Zealand dollars sag

The Australian and New Zealand dollars came under pressure on Thursday after a disappointing report on China's manufacturing sector renewed worries about the health of the world's second-biggest economy. The Aussie slid to a session low of $0.8792, from around $0.8838, nearing a 3-1/2-year low of $0.8756 set early in the week.

The Aussie also lost ground against the yen, falling 0.5 percent on the day to 92.04. The euro rose 0.5 percent to A$1.5385. Tracking the Aussie, the kiwi slipped 0.3 percent to $0.8281, pulling further away from this year's peak of $0.8433 set last week.

Copyright Reuters, 2014



 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln